Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash flows (Unaudited)

v3.19.1
Condensed Consolidated Statements of Cash flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Cash flows from operating activities:      
Net loss $ (20,580) $ (12,146)  
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation 35 31 $ 136
Share-based compensation expense 540 149  
Gain on short term investments (88)    
Non-cash gain on short term investments (9) (23)  
Interest on short-term investments (11)    
Amortization of SVB loan 98    
Other 29    
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets 1,193 (793)  
Other assets (191) (52)  
Accounts payable 2,135 422  
Accrued expenses 1,662 692  
Income taxes 134 82  
Other liabilities   (2)  
Net cash used in operating activities (15,053) (11,640)  
Cash flows from investing activities:      
Purchases of property and equipment (10) (21)  
Purchases of short-term investments   (6,372)  
Proceeds from sale of short-term investments 35,100 15,750  
Net cash generated by investing activities 35,090 9,357  
Cash flows from financing activities:      
Proceeds from exercise of shares options 49    
Net cash provided by financing activities 49 32,176  
Effect of exchange rates on cash and cash equivalents (34)    
Net increase in cash, cash equivalents and restricted cash 20,052 29,893  
Cash, cash equivalents and restricted cash, at beginning of period 44,671 8,485 8,485
Cash, cash equivalents and restricted cash, at end of period 64,723 38,378 $ 44,671
Supplemental Disclosure of Cash Flow Information:      
Interest paid $ 350    
Series B Convertible Preferred Shares      
Cash flows from financing activities:      
Proceeds from issuance of Series B convertible preferred shares, net of issuance costs   $ 32,176