Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net loss $ (11,946) $ (6,227)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 371 268
Stock-based compensation 2,427 692
Unrealized transaction gain (loss) on related party activity 6 (156)
Changes in operating assets and liabilities:    
Trade accounts receivable 0 110
Due to/from related parties 47 1,213
Prepaid expenses and other assets (799) (448)
Accounts payable 87 284
Accrued salaries, wages, and other compensation (318) 10
Accrued liabilities 1,504 369
Deferred revenue (207) (178)
Net cash used in operating activities (8,828) (4,063)
Investing activities    
Purchases of property and equipment, net (498) (608)
Net cash used in investing activities (498) (608)
Financing activities    
Advance from Parent   3,000
Costs incurred related to the issuance of stock (665) (834)
Proceeds from common stock issuance 57,706  
Proceeds from the exercise of stock options 1,241  
Net cash provided by financing activities 58,282 2,166
Net decrease in cash and cash equivalents 48,956 (2,505)
Cash and cash equivalents-beginning of period 56,664 5,026
Cash and cash equivalents-end of period 105,620 2,521
Supplemental cash flow information    
Interest paid 207  
Supplemental non-cash investing and financing transactions:    
Property and equipment included in financing lease obligation 7,096  
Offering costs in accounts payable and accrued liabilities $ 445 $ 1,269