Quarterly report pursuant to Section 13 or 15(d)

Combined Statements of Cash Flows (Unaudited)

v3.19.3
Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (25,232) $ (56,986)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 4,254 3,370
Depreciation expense 369 273
Change in contingent consideration valuation (15,241) 7,030
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 857 770
Right-of-use asset 342  
Accounts payable, accrued expenses and other liabilities (7,109) (1,305)
Operating lease liability (344)  
Net cash used in operating activities (42,104) (46,848)
Cash flows from investing activities:    
Purchase of property and equipment (1,633) (2,118)
Acquisition of license agreement (165) (82)
Net cash used in investing activities (1,798) (2,200)
Cash flows from financing activities:    
Proceeds from Parent Company Investment 53,902 49,048
Payment of contingent consideration (10,000)  
Net cash provided by financing activities 43,902 49,048
Net decrease in cash and cash equivalents 0 0
Cash and cash equivalents, beginning of period 0 0
Cash and cash equivalents, end of period $ 0 0
Supplemental disclosure of cash flow information:    
Purchase of property, plant and equipment included in accrued expenses and accounts payable   $ 449