Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Cash flows from operating activities:      
Net loss $ (79,489) $ (52,799)  
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation 113 99 $ 136
Share-based compensation expense 1,674 878  
Gain on short-term investments (125) (128)  
Non-cash gain on short-term investments   (315)  
Interest on short-term investments (44) (34)  
Amortization of debt discount and deferred financing costs 243 174  
Other 25 304  
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets 1,758 165  
Other assets (1,036) (1,406)  
Accounts payable 10,487 (449)  
Accrued expenses 8,030 1,349  
Income taxes (7) (18)  
Other liabilities (498) 115  
Net cash used in operating activities (58,869) (52,065)  
Cash flows from investing activities:      
Purchases of property and equipment (22) (69)  
Purchases of short-term investments   (88,735)  
Proceeds from sale of short-term investments 40,125 51,400  
Net cash provided by / (used in) investing activities 40,103 (37,404)  
Cash flows from financing activities:      
Proceeds from issuance of debt, net of debt issuance costs   14,507  
Proceeds from issuance of ordinary shares, net of issuance costs 3,037 74,155 74,200
Proceeds from exercise of share options 60    
Net cash provided by financing activities 3,097 120,835  
Effect of exchange rates on cash and cash equivalents (29) (133)  
Net increase in cash, cash equivalents and restricted cash (15,698) 31,233  
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 28,973 39,718 $ 44,671
Supplemental Disclosure of Cash Flow Information:      
Income tax paid - US 402 284  
Interest paid $ 1,067 465  
Series B Convertible Preferred Shares      
Cash flows from financing activities:      
Proceeds from issuance of Series B convertible preferred shares, net of issuance costs   $ 32,173