XML 19 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities:    
Net loss and comprehensive loss for the period $ (24,403) $ (11,197)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Share-based compensation expense 660 186
Depreciation expense 403 262
Change in fair value of the Series A preferred shares tranche obligation   700
Non-cash lease expense 305 86
Foreign exchange loss (gain) 1,162 (522)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (2,577) (155)
Research and development tax credits receivable (381) (246)
Other receivables (725) (566)
Deferred tax asset (60) (42)
Other non-current assets (535) (15)
Accounts payable 915 260
Accrued expenses and other current liabilities 2,371 (119)
Operating lease liability, current portion (9) 15
Income tax payable 133 72
Operating lease liability, net of current portion (292) (93)
Deferred revenue 50,000 8,142
Net cash provided by (used in) operating activities 26,967 (3,232)
Cash Flows From Investing Activities:    
Purchase of property and equipment (43) (380)
Net cash used in investing activities (43) (380)
Cash Flows From Financing Activities:    
Proceeds from issuance of Series A preferred shares, net   20,995
Proceeds from exercise of stock options 488  
Proceeds from issuance of warrant 15,000  
Net proceeds from issuance of common shares in initial public offering 233,760  
Net cash provided by financing activities 249,248 20,995
Effect of exchange rate fluctuations on cash held (1,045) 482
Net Increase In Cash And Restricted Cash 275,127 17,865
Cash and restricted cash at beginning of period 95,005 10,929
Cash and restricted cash at end of period 370,132 28,794
Reconciliation Of Cash And Restricted Cash    
Cash 369,933 28,588
Restricted cash 199 206
Total cash and restricted cash 370,132 28,794
Supplemental Disclosure Of Cash Flow Information:    
Property and equipment purchases in accounts payable 423 $ 14
Initial public offering costs in accounts payable 102  
Initial public offering costs in accruals and other current liabilities 1,615  
Conversion of Series A and B convertible preferred shares into common shares 135,997  
Conversion of warrant into common shares $ 15,000