Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (18,555,000) $ (10,530,000)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 1,658,000 174,000
Stock-based compensation expense 2,103,000 1,900,000
Restricted stock-based compensation expense 172,000 172,000
Non-cash earnings on investments (169,000) 0
Change in operating assets and liabilities:    
Receivables 43,000 43,000
Prepaid expenses and other current assets 430,000 643,000
Right-of-use lease assets and other assets 150,000 0
Accounts payable, accrued expenses and lease liabilities (910,000) 3,516,000
Net cash used in operating activities (15,078,000) (4,082,000)
Cash flows from investing activities:    
Capital expenditures (1,226,000) (3,502,000)
Proceeds from maturities of short-term investments 24,000,000 0
Net cash provided by (used in) investing activities 22,774,000 (3,502,000)
Cash flows from financing activities:    
Proceeds from exercise of stock options 28,000 1,685,000
Net cash provided by financing activities 28,000 1,829,000
Net increase (decrease) in cash, cash equivalents and restricted cash 7,724,000 (5,755,000)
Cash, cash equivalents and restricted cash at beginning of period 19,310,000 138,030,000
Cash, cash equivalents and restricted cash at end of period 27,034,000 132,275,000
Supplemental cash flow information:    
Cash and cash equivalents 25,924,000 131,995,000
Restricted cash 1,110,000 280,000
Total cash, cash equivalents and restricted cash 27,034,000 132,275,000
Cash paid for interest 0 3,000
Dollar Five Warrant [Member]    
Cash flows from financing activities:    
Proceeds from Warrant Exercises $ 0 $ 144,000