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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (21,335) $ (21,498)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 22 19
Amortization of warrant issuance costs 30 61
Stock-based compensation 3,979 5,326
Change in value of derivative liability 0 117
Changes in assets and liabilities:    
Prepaid expenses and other assets 238 182
Accounts payable and accrued liabilities 549 (2,176)
Accrued payroll and related expenses (1,383) 0
Royalty payable 884 (5,071)
Related party payable 83 (81)
Income tax liability 0 (8)
Deferred revenue 1,375 1,375
Net cash used in operating activities (15,558) (21,754)
Cash flows from investing activities:    
Purchase of property and equipment (14) (4)
Purchase of investments (7,888) (6,234)
Proceeds from sale or maturity of investments 8,615 18,009
Net cash provided by investing activities 713 11,771
Cash flows from financing activities:    
Proceeds from exercise of options 20 165
Proceeds from exercise of warrants 0 431
Proceeds from sale of common stock 14,626 719
Net cash provided by financing activities 14,646 1,315
Net decrease in cash and cash equivalents (199) (8,668)
Cash and cash equivalents, beginning of period 8,726 18,658
Cash and cash equivalents, end of period 8,527 9,990
Cash paid for income taxes 126 6
Non-cash transactions    
Fair value of warrants issued for services $ 0 $ 121