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Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
9 Months Ended
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Operating activities:    
Net income (loss) $ 21,495 $ (51,196)
Depreciation 465 325
Accretion of debt discount and loan costs 1,941 297
Amortization of intangible assets 4,103 728
Derivative liability   100
Stock-based compensation expense 10,223 11,600
Deferred income taxes (15,972)  
Bargain purchase gain (27,336)  
Changes in assets and liabilities:    
Accounts receivable (7,222) (601)
Inventories, net of effect of acquisition 2,314 (1,460)
Prepaid expenses and other assets 1,826 (537)
Accounts payable and accrued expenses, net of effect of acquisition 8,998 (662)
Deferred revenue (21,716) 47
Net cash flows from operating activities (20,881) (41,359)
Investing activities:    
BELBUCA® acquisition (3,902)  
Purchase of equipment (5) (316)
Net cash flows from investing activities (3,907) (316)
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 313 297
Proceeds from issuance of common stock   2,460
Net cash flows from financing activities 12,515 2,797
Net change in cash and cash equivalents (12,273) (38,878)
Cash and cash equivalents at beginning of year 32,019 83,560
Cash and cash equivalents at end of period 19,746 44,682
Cash paid for interest 3,816 $ 2,045
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