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Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
6 Months Ended
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Operating activities:    
Net income (loss) $ 33,446 $ (35,219)
Depreciation 226 212
Accretion of debt discount and loan costs 1,491 198
Amortization of intangible assets 2,735 485
Derivative liability   114
Stock-based compensation expense 6,000 7,457
Deferred income taxes (15,972)  
Bargain purchase gain (27,336)  
Changes in assets and liabilities:    
Accounts receivable (4,183) 80
Inventories, net of effect of acquisition 2,660 (1,868)
Prepaid expenses and other assets 1,034 321
Accounts payable and accrued expenses, net of effect of acquisition 4,904 (441)
Deferred revenue (21,716) 90
Net cash flows from operating activities (16,711) (28,571)
Investing activities:    
Purchase of equipment (2) (249)
Net cash flows from investing activities (2) (249)
Financing activities:    
Proceeds from notes payable 45,000  
Payment of notes payable (30,000)  
Payment of deferred financing fees (2,798)  
Equity financing costs   40
Proceeds from exercise of stock options   225
Proceeds from issuance of common stock   2,459
Net cash flows from financing activities 12,202 2,724
Net change in cash and cash equivalents (4,511) (26,096)
Cash and cash equivalents at beginning of year 32,019 83,560
Cash and cash equivalents at end of period 27,508 57,464
Cash paid for interest 2,373 $ 1,358
Non-cash Operating, Financing and Investing Activities:    
Fair value of bargain purchase price of BELBUCA acquisition 27,300  
Fair value of warrants, in connection with CRG term loan $ 4,500