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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net loss $ (23,078) $ (15,653)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 208 43
Lease incentive (9) (8)
Stock-based compensation expense 1,821 1,101
Changes in operating assets and liabilities:    
Accounts receivable (1,220)  
Inventories (179)  
Prepaid expenses and other assets (148) 365
Accounts payable (2,313) 2,651
Accrued expenses (2,521) (15)
Deferred revenue 3,751  
Net cash used in operating activities (23,688) (11,516)
Investing activities    
Purchases of property and equipment (29)  
Net cash used in investing activities (29)  
Financing activities    
Proceeds from issuances of common stock from public offerings, net of issuance costs of $526   51,174
Proceeds from issuances of common stock from employee stock purchase plans 673  
Repayment of term note (666) (667)
Proceeds from the exercise of stock options 94 42
Payments made for employee restricted stock tax withholdings (51)  
Net cash provided by financing activities 50 50,549
Net (decrease) increase in cash and cash equivalents (23,667) 39,033
Cash and cash equivalents at beginning of period 153,225 95,697
Cash and cash equivalents at end of period 129,558 134,730
Supplemental disclosure of cash flow information    
Cash paid for offering costs   384
Cash paid for interest 49 83
Supplemental disclosure of non-cash activities    
Offering costs in accrued expenses 112 $ 128
Acquisition of property and equipment in accrued expenses $ 99