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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net loss $ (8,114) $ (7,852)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 112 101
Stock-based compensation 665 710
Amortization of debt issuance cost 16 34
Net accretion/amortization on investments (42) (54)
Changes in assets and liabilities:    
Accounts receivable (922) 500
Inventories 320 (91)
Prepaid expenses and other assets (419) 68
Accounts payable (948) (292)
Accrued and other liabilities 220 827
Contract research liabilities 4 (121)
Deferred revenue (9) (215)
Total adjustments (1,003) 1,467
Net cash used in operating activities (9,117) (6,385)
Cash flows from investing activities    
Purchases of property and equipment (6) (12)
Purchases of available-for-sale securities   (5,132)
Proceeds from maturities of available-for-sale securities 7,234 10,479
Net cash provided by investing activities 7,228 5,335
Cash flows from financing activities    
Payments on equipment financing obligations (3) (6)
Net proceeds from issuances of common stock 760 1,326
Net cash provided by financing activities 757 1,320
Net (decrease) increase in cash and cash equivalents (1,132) 270
Cash and cash equivalents, beginning of the period 5,404 3,583
Cash and cash equivalents, end of the period $ 4,272 $ 3,853