| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net loss | ||||||||
-17,070 | -11,573 | -16,147 | -12,525 | -10,755 | -14,966 | -10,761 | -14,707 | -8,892 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
Depreciation and amortization | ||||||||
391 | 386 | 331 | 315 | 271 | 240 | 208 | 180 | 179 |
Equity-based compensation | ||||||||
2,214 | 1,852 | 2,688 | 1,814 | 1,618 | 2,154 | 1,486 | 1,089 | 482 |
Amortization/accretion of investment securities | ||||||||
177 | 367 | 329 | 329 | 365 | - | - | - | 31 |
Non-cash operating lease expense | ||||||||
259 | - | - | - | 244 | - | - | - | - |
Deferred payroll tax credit | ||||||||
- | - | - | - | - | 73 | 9 | 148 | 42 |
Change in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
-25,000 | - | - | - | - | - | - | - | - |
Prepaid expenses and other current assets | ||||||||
806 | -262 | -90 | 885 | 206 | 168 | 355 | -1,170 | 1,923 |
Other assets | ||||||||
732 | - | - | - | - | - | - | - | - |
Accounts payable | ||||||||
1,089 | -678 | 364 | -930 | -98 | 1,370 | -170 | -1,065 | 1,529 |
Accrued expenses | ||||||||
-2,234 | 1,469 | 2,755 | 1,245 | -3,016 | 3,818 | 352 | 1,462 | -1,271 |
Deferred rent | ||||||||
- | - | - | - | - | -1 | -205 | -17 | 32 |
Operating lease liabilities | ||||||||
-268 | -263 | -247 | -248 | -130 | - | - | - | - |
Deferred revenue | ||||||||
-5,030 | 17,427 | -4,774 | -5,039 | -3,106 | - | - | - | - |
Other liabilities | ||||||||
- | 0 | 0 | -72 | 13 | 13 | 13 | 49 | 33 |
Net cash provided by (used in) operating activities | ||||||||
2,636 | -16,067 | -15,112 | -16,406 | -15,530 | 55,094 | -9,013 | -11,626 | -9,884 |
Cash flows from investing activities: | ||||||||
Purchase of property and equipment | ||||||||
209 | 1,470 | 366 | 598 | 681 | 701 | 599 | 16 | 176 |
Purchase of marketable securities | ||||||||
19,400 | 40,809 | 117,311 | 0 | 77,297 | - | - | - | 23,412 |
Maturities of marketable securities | ||||||||
75,700 | 63,488 | 45,500 | 21,700 | 45,600 | - | - | - | - |
Net cash provided by (used in) investing activities | ||||||||
56,091 | 21,209 | -72,169 | 21,102 | -32,378 | -60,939 | -598 | 24,894 | -23,588 |
Cash flows from financing activities: | ||||||||
Principal payments on loan payable | ||||||||
- | 0 | 0 | 198 | 167 | 167 | 167 | 166 | 167 |
Proceeds from stock option exercises | ||||||||
405 | 821 | 0 | 79 | 13 | - | - | - | - |
Other | ||||||||
-6 | -3 | -4 | -3 | -3 | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||
399 | 818 | 6,124 | 42,098 | -157 | 16,928 | -1,464 | 78,971 | -167 |
Net (decrease) increase in cash and cash equivalents and restricted cash | ||||||||
59,126 | 5,960 | -81,157 | 46,794 | -48,065 | 11,083 | -11,075 | 92,239 | -33,639 |
Supplemental disclosure of non-cash items: | ||||||||
Property and equipment purchases in accounts payable and accrued expenses | ||||||||
10 | - | 805 | -456 | 483 | - | - | - | 13 |
Offering costs in accounts payable and accrued expenses | ||||||||
- | - | - | - | - | - | - | 317 | 985 |
Operating lease right-of-use asset obtained in exchange for operating lease obligation | ||||||||
- | 0 | 95 | 0 | 5,349 | - | - | - | - |
Cash paid for interest | ||||||||
- | - | - | - | - | - | 8 | 9 | 10 |