Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (15,675) $ (7,308)
Reconciliation of net loss to net cash used in operating activities    
Depreciation and amortization 122 2
Stock-based compensation expense 1,712 2,059
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,009) (666)
Accounts payable, accrued expenses and other 3,153 (69)
Net cash used in operating activities (11,697) (5,982)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of equipment and leasehold improvements (825) (120)
Net cash used in investing activities (825) (120)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net 230 56,512
Deferred offering costs (378)  
Exercise of options 1  
Due to (from) Parent 69 (577)
Note Payable — Parent   (371)
Net cash (used in) provided by financing activities (78) 55,564
Net (decrease) increase in cash and cash equivalents (12,600) 49,462
Cash and cash equivalents, beginning of the period 42,565 887
Cash and cash equivalents, end of the period 29,965 50,349
Supplemental cash flow information:    
Interest paid $ 29 1
Supplemental disclosure of non-cash Financing Activity:    
Deferred issuance costs, unpaid as of December 31, 2017   391
Deferred issuance costs reclassified to additional paid-in-capital upon completion of initial public offering.   461
Reclassification of net Parent Investment in the Company to accumulated deficit.   $ 440