XML 22 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net loss $ (37,672) $ (54,218) $ (57,394)
Adjustments to reconcile net loss to net cash flows from operating activities      
Depreciation 329 123 207
Accretion of debt discount and loan costs 500 642 164
Amortization of intangible assets 970 972 1,140
Derivative loss (gain)   13,167 (121)
Impairment loss on assets   295  
Stock-based compensation expense 14,249 6,883 3,327
Purchase of Arcion license with common stock     2,072
Changes in assets and liabilities:      
Accounts receivable 653 (347) (2,273)
Inventories (730) (1,828)  
Prepaid expenses and other assets (1,365) (2,252) (68)
Accounts payable and accrued expenses 5,072 4,325 (656)
Deferred revenue 14,262 3,405 (6,500)
Net cash flows from operating activities (3,732) (28,833) (60,102)
Investing activities:      
Purchase of equipment (701) (1,603) (77)
Net cash flows from investing activities (701) (1,603) (77)
Financing activities:      
Proceeds from sales of securities, net of costs incurred (40) 72,662  
Proceeds from exercise of stock options 755 4,580 357
Proceeds from exercise of common stock warrants 1 7,741 50
Payment on note payable (3,335) (7,333)  
Proceeds from notes payable 20,667   20,000
Return of short swing profits 6 82  
Payment of deferred financing fees (533)   (241)
Net cash flows from financing activities 17,521 77,732 20,166
Net change in cash and cash equivalents 13,088 47,296 (40,013)
Cash and cash equivalents at beginning of year 70,472 23,176 63,189
Cash and cash equivalents at end of year 83,560 70,472 23,176
Cash paid for interest $ 1,885 $ 1,386 742
Cash paid for taxes     $ 80