v3.19.3
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (24,693) $ (12,195)
Reconciliation of net loss to net cash used in operating activities    
Depreciation and amortization 218 9
Stock-based compensation expense 2,488 2,949
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (618) (515)
Accounts payable, accrued expenses and other 3,249 584
Net cash used in operating activities (19,356) (9,168)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment, net (868) (182)
Net cash used in investing activities (868) (182)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net 17,736 56,512
Exercise of options 1  
Due to (from) Parent 174 (556)
Note Payable — Parent   (371)
Net cash provided by financing activities 17,911 55,585
Net (decrease) increase in cash and cash equivalents (2,313) 46,235
Cash and cash equivalents, beginning of the period 42,565 887
Cash and cash equivalents, end of the period 40,252 47,122
Supplemental cash flow information:    
Interest paid $ 47 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

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