XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net loss $ (10,975) $ (6,162)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 484 0
Amortization of discount on short-term investments (120) 0
Stock-based compensation 1,998 1,006
Amortization of operating lease right-of-use assets 219 0
Amortization of debt discount and issuance costs 281 107
Deferred income taxes (14,523) 10
Revaluation of contingent royalty obligation payable to Evolus Founders, a related party 4,913 900
Changes in assets and liabilities:    
Inventories (2,578) 0
Prepaid expenses and other current assets (1,649) (356)
Accounts payable (305) (205)
Related party accounts payable 0 730
Accrued expenses 2,667 1,361
Operating lease liabilities (222) (2)
Net cash used in operating activities (19,200) (2,201)
Cash flows from investing activities    
Additions to capitalized software (823) 0
Purchases of short-term investments (79,202) 0
Net cash used in investing activities (80,025) 0
Cash flows from financing activities    
Payment of contingent royalty obligation to Evolus Founders, a related party (9,213) 0
Milestone payment for intangible assets (2,000) 0
Proceeds from issuance of long-term debt, net of discounts 73,906 0
Payments for debt issuance costs (2,205) 0
Proceeds from initial public offering, net of underwriters fees 0 56,330
Payments for offering costs 0 (686)
Related party borrowings 0 1,127
Payments on related party borrowings 0 (5,000)
Tax withholding paid on behalf of employees for stock-based awards (58) 0
Net cash provided by financing activities 60,430 51,771
Change in cash and cash equivalents (38,795) 49,570
Cash and cash equivalents, beginning of period 93,162 0
Cash and cash equivalents, end of period 54,367 49,570
Supplemental disclosure of cash flow information    
Cash paid for interest 336 0
Cash paid for amounts included in the measurement of operating lease liabilities 238 0
Non-cash investing and financing information:    
Related party receivable 0 73,690
Related party borrowings 0 (68,767)
Note obligation 0 (140,688)
Contingent royalty obligation payable to Evolus Founders, a related party 0 39,700
Contingent promissory note payable to Evolus Founders, a related party 0 16,042
Capital contribution from Parent, convertible note write-off 0 66,998
Capital contribution from Parent, forgiveness of related party borrowings 0 13,188
Deferred offering costs 0 (2,885)
Deferred offering costs, unpaid 0 (74)
Accounts payable, paid by Parent 0 (163)
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 1,029 0
Capitalized software recorded in accounts payable and accrued expenses $ 350 $ 0