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Unaudited Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (15,312) $ (15,881)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment loss on classification of assets as held for sale 0 1,350
Depreciation 7 447
Stock-based compensation expense 616 1,115
Write off of deferred offering costs 111 0
Change in fair value of warrant liability (101) 0
Changes in deferred rent 0 (122)
Changes in operating assets and liabilities:    
Accounts receivable and unbilled services 0 (214)
Prepaid expenses, other assets, and deferred costs (1,003) (1,262)
Accounts payable and accrued expenses 278 467
Accrued severance and retention cost obligations (2,419) 1,499
Deferred revenue (128) (218)
Net cash used in operating activities (17,951) (12,819)
Cash flows from investing activities:    
Purchases of property and equipment (14) (527)
Purchase of short-term investments (12,472) 0
Net cash used in investing activities (12,486) (527)
Cash flows from financing activities:    
Proceeds from public offerings 22,500 41,400
Payments of deferred offering costs and underwriting discounts and commissions (1,746) (3,335)
Proceeds from Sales Agreement 558 0
Proceeds from employee stock purchase plan issuance 5 95
Net cash provided by financing activities 21,317 38,160
Net decrease in cash and cash equivalents (9,120) 24,814
Cash and cash equivalents, beginning of period 46,985 32,243
Cash and cash equivalents, end of period 37,865 57,057
Supplemental cash flow information:    
Cash received for interest 67 0
Noncash financing and investing activities:    
Deferred offering costs included in accounts payable and accrued expenses 205 53
Equipment purchases in accounts payable and accrued expenses 0 20
Deferred offering costs reclassified to additional-paid-in capital $ 65 $ 3,388