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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 111,209 $ 153,225
Accounts receivable 4,877 2,129
Inventory 1,520 1,316
Prepaid expenses and other current assets 3,009 1,905
Total current assets 120,615 158,575
Property and equipment, net 1,583 1,038
Intangible assets, net 1,925 2,103
Restricted cash 97 97
Other long-term assets 295 204
Total assets 124,515 162,017
Current liabilities:    
Accounts payable 5,612 9,106
Accrued expenses 10,199 8,879
Deferred revenue 10,361 4,944
Current portion of term loan payable 2,389 2,667
Total current liabilities 28,561 25,596
Lease incentive obligation 17 34
Term loan payable, long-term 424 1,479
Total liabilities 29,002 27,109
Commitments and contingencies (see Note 10)
Shareholders' equity:    
Preferred stock, $0.001 par value; authorized shares - 5,000,000 at June 30, 2017 and December 31, 2016; issued and outstanding shares - none at June 30, 2017 and December 31, 2016
Common stock, $0.001 par value; authorized shares - 100,000,000 at June 30, 2017 and December 31, 2016; issued and outstanding shares - 29,565,411 at June 30, 2017 and 29,364,100 at December 31, 2016 30 29
Additional paid-in capital 362,866 358,063
Accumulated deficit (267,383) (223,184)
Total shareholders’ equity 95,513 134,908
Total liabilities and shareholders’ equity $ 124,515 $ 162,017