| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-32,325 | -12,521 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation | ||||||
450 | 214 | |||||
Stock-based compensation | ||||||
1,922 | 240 | |||||
Loss on disposal of property and equipment | ||||||
-3 | -10 | |||||
Changes in assets and liabilities: | ||||||
Prepaid expenses and other current assets | ||||||
2,024 | 632 | |||||
Accounts payable and accrued liabilities | ||||||
891 | 1,735 | |||||
Deferred rent | ||||||
28 | -10 | |||||
Net cash used in operating activities | ||||||
-31,055 | -10,964 | |||||
Cash flows from investing activities: | ||||||
Purchases of property and equipment | ||||||
1,635 | 935 | |||||
Proceeds from sale of property and equipment | ||||||
1 | 10 | |||||
Net cash used in investing activities | ||||||
-1,634 | -925 | |||||
Cash flows from financing activities: | ||||||
Proceeds from issuance of convertible Preferred Stock | ||||||
- | 116,000 | |||||
Preferred Stock Issuance Cost | ||||||
- | 378 | |||||
Proceeds from issuance of common stock upon initial public offering | ||||||
151,912 | - | |||||
Payments of initial public offering costs | ||||||
2,463 | - | |||||
Proceeds from issuance of common stock upon exercise of stock options | ||||||
315 | 19 | |||||
Other | ||||||
-2 | -2 | |||||
Net cash provided by (used in) financing activities | ||||||
149,762 | 115,639 | |||||
Net decrease in cash, cash equivalents and restricted cash | ||||||
117,073 | 103,750 | |||||
Supplemental Disclosure of Non-Cash Investing and Financing Activities: | ||||||
Property and equipment included in accrued expense and accounts payable | ||||||
140 | 19 | |||||
Issuance of convertible Preferred Stock in exchange for simple agreement for future equity | ||||||
- | 3,000 | |||||