v3.19.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,204) $ (4,282)
Reconciliation of net loss to net cash used in operating activities    
Depreciation and amortization 37  
Stock-based compensation expense 682 1,319
Due to Parent under asset contribution agreement 500 1,000
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,292) (805)
Accounts payable, accrued expenses and other 1,603 1,743
Due to related party 4 13
Net cash used in operating activities (5,670) (1,012)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of equipment and leasehold improvements (600)  
Net cash used in investing activities (600)  
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net   56,512
Exercise of options 1  
Due to Parent   (551)
Note Payable — Parent   (371)
Net cash provided by financing activities 1 55,590
Net (decrease) increase in cash and cash equivalents (6,269) 54,578
Cash and cash equivalents, beginning of the period 42,565 887
Cash and cash equivalents, end of the period 36,296 55,465
Supplemental cash flow information:    
Interest paid $ 8 2
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

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