v3.20.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (32,968) $ (19,270)
Reconciliation of net loss to net cash used in operating activities    
Depreciation and amortization 156 17
Stock-based compensation expense 3,142 3,082
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,190) (539)
Accounts payable, accrued expenses and other liabilities 3,580 3,201
Net cash used in operating activities (27,280) (13,509)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (870) (340)
Net cash used in investing activities (870) (340)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net 17,810 56,513
Exercise of options 22 7
Payable to Parent for services   (67)
Due to Parent 179 (555)
Note Payable — Parent   (371)
Net cash provided by financing activities 18,011 55,527
Net (decrease) increase in cash and cash equivalents (10,139) 41,678
Cash and cash equivalents, beginning of the period 42,565 887
Cash and cash equivalents, end of the period 32,426 42,565
Supplemental cash flow information:    
Interest paid 62 1
Supplemental disclosure of non-cash Operating, Investing and Financing Activities:    
Deferred issuance costs reclassified to additional paid-in-capital upon completion of initial public offering   $ 461
Right-of-use asset obtained in exchange for new operating lease liability $ 1,308  

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