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v3.8.0.1

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2018 | Mar. 31, 2017
Operating Activities: |  |
Net loss | $ (15,343) | $ (2,678)
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Accretion of discount on convertible notes | 696 | 0
Reduction of lease liability | (20) | 0
Depreciation expense | 83 | 28
Share-based compensation expense | 5,382 | 99
Amortization of premium on short term investments | 12 | 0
Changes in operating assets and liabilities: |  |
Prepaid expenses | (266) | (954)
Accounts payable and accrued expenses | (2,261) | (282)
Accrued research and development costs | 116 | 64
Net cash used in operating activities | (11,601) | (3,723)
Investing activities: |  |
Cash acquired in connection with the Reverse Merger | 76,348 | 0
Proceeds from maturities of short-term investments | 9,718 | 0
Proceeds from sale of property and equipment | 20 | 0
Purchases of property and equipment | (8) | (131)
Net cash provided by (used in) investing activities | 86,078 | (131)
Financing activities: |  |
Proceeds from issuance of common stock, net of issuance costs | 78,518 | 0
Proceeds from issuance of convertible preferred stock, net | 0 | 21,549
Net cash provided by financing activities: | 78,518 | 21,549
Net change in cash and restricted cash | 152,995 | 17,695
Cash, cash equivalents and restricted cash at beginning of period | 18,349 | 9,665
Cash, cash equivalents and restricted cash at end of period | 171,344 | 27,360
Supplemental disclosure of non-cash financing activities: |  |
Conversion of convertible preferred stock into common stock | 41,466 | 0
Supplemental Cash Flow Information [Abstract] |  |
Cash paid for interest | 1,495 | 0
Cash paid for income taxes | $ 0 | $ 0

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- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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