XML 26 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net (loss) income $ (26,859) $ 21,495
Adjustments to reconcile net (loss) income to net cash flows from operating activities    
Depreciation 685 465
Accretion of debt discount and loan costs 2,953 1,941
Amortization of intangible assets 3,868 4,103
Impairment loss on equipment 78  
Provision for inventory obsolescence 396  
Stock-based compensation expense 4,896 10,223
Deferred income taxes   (15,972)
Bargain purchase gain   (27,336)
Changes in assets and liabilities, net of effect of acquisition:    
Accounts receivable (3,581) (7,222)
Inventories 261 2,314
Prepaid expenses and other assets (545) 1,826
Accounts payable and accrued liabilities (427) 8,998
Deferred revenue   (21,716)
Net cash flows used in operating activities (18,275) (20,881)
Investing activities:    
BELBUCA® acquisition (1,951) (3,902)
Purchase of equipment (155) (5)
Net cash flows used in investing activities (2,106) (3,907)
Financing activities:    
Proceeds from issuance of Series B preferred stock 50,000  
Equity finance costs (1,410)  
Proceeds from notes payable   45,000
Proceeds from exercise of stock options 528 313
Payment on note payable   (30,000)
Payment of deferred financing fees (450) (2,798)
Net cash flows provided by financing activities 48,668 12,515
Net change in cash and cash equivalents 28,287 (12,273)
Cash and cash equivalents at beginning of period 21,195 32,019
Cash and cash equivalents at end of period 49,482 19,746
Cash paid for interest 4,645 3,816
Non-cash Operating, Financing and Investing Activities:    
Adjustments to additional paid in capital dividends in excess of retained earnings $ 12,500  
Common stock issuance upon retirement, shares 2,119,925  
Common stock issuance upon retirement $ 5,300  
Fair value of bargain purchase price of BELBUCA acquisition   $ 27,300
Series B Non-Voting Convertible Preferred Stock [Member]    
Non-cash Operating, Financing and Investing Activities:    
Adjustments to additional paid in capital dividends in excess of retained earnings 12,500  
Accrued financing expenses $ 600