| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net loss | ||||||
-31,863 | -29,518 | -18,759 | ||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation | ||||||
249 | 223 | 206 | ||||
Amortization of debt discount | ||||||
- | 308 | 1,217 | ||||
Net amortization of premiums and discounts on marketable securities | ||||||
44 | 100 | - | ||||
Stock-based compensation | ||||||
447 | 177 | 319 | ||||
Change in fair value of derivative liabilities | ||||||
- | 369 | 3,743 | ||||
Loss on extinguishment of related party convertible promissory note | ||||||
- | -2,379 | - | ||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
260 | 522 | 13 | ||||
Prepaid expenses and other current assets | ||||||
-725 | 384 | 330 | ||||
Accounts payable | ||||||
725 | 421 | -555 | ||||
Accrued expenses | ||||||
-694 | 2,407 | -27 | ||||
Deferred revenue | ||||||
- | -298 | 298 | ||||
Net cash used in operating activities | ||||||
-30,715 | -25,276 | -21,387 | ||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Purchases of marketable securities | ||||||
- | 20,756 | - | ||||
Sales of marketable securities | ||||||
14,151 | 6,750 | - | ||||
Purchase of property and equipment | ||||||
78 | 235 | 68 | ||||
Net cash (used in) provided by investing activities | ||||||
14,073 | -14,241 | -68 | ||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Proceeds from issuance of convertible promissory notes to related parties, net of issuance cost | ||||||
- | - | 9,977 | ||||
Proceeds from initial public offering of common stock, net of commissions and underwriting discounts | ||||||
- | 37,125 | - | ||||
Proceeds from private offering of common stock | ||||||
13,800 | - | - | ||||
Payments of initial public offering costs | ||||||
- | 2,675 | - | ||||
Proceeds from exercise of stock options | ||||||
- | 5 | 15 | ||||
Repayment of convertible promissory note, related party | ||||||
- | 5,500 | 6,000 | ||||
Proceeds from capital contribution | ||||||
- | 12,000 | 12,000 | ||||
Net cash provided by financing activities | ||||||
13,800 | 40,955 | 23,974 | ||||
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | ||||||
-2,842 | 1,438 | - | ||||
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||||||
Cash paid for interest | ||||||
- | 275 | 13 | ||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||
- | - | 2,519 | ||||
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ||||||
Purchase of property and equipment in accounts payable | ||||||
161 | - | - | ||||
Purchase of property and equipment included in accounts payable | ||||||
- | - | 9 | ||||
Conversion of redeemable convertible preferred stock into common stock | ||||||
- | 111,718 | - | ||||
Conversion of convertible preferred stock into common stock | ||||||
- | 7,684 | - | ||||
Series D Redeemable Convertible Preferred Stock [Member] | ||||||
Proceeds from issuance of Series D redeemable convertible preferred stock, net of issuance costs | ||||||
- | - | 7,982 | ||||