XML 19 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (38,619) $ (41,802)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 3,965 1,912
Change in fair value of preferred stock warrant liabilities   17,443
Depreciation and amortization 151 71
Non-cash restructuring charges (note 12) 811  
Other 36 1
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (843) (694)
Accrued liabilities 7,184 1,397
Accounts payable (184) 483
Net cash used in operating activities (27,499) (21,189)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (196) (381)
Change in restricted cash 25 (150)
Proceeds from sale of property and equipment 43  
Purchase of short-term investments   (21)
Proceeds from sale of short-term investments   10,031
Net cash (used in) provided by investing activities (128) 9,479
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of common stock options 194 18
Payment of deferred offering costs (15) (3,389)
Proceeds from issuance of common stock upon initial public offering, net of issuance costs   147,270
Proceeds from early exercise of stock options   13
Proceeds from exercise of redeemable convertible preferred stock warrants   1,507
Net cash provided by financing activities 179 139,876
Effect of foreign exchange rate changes on cash and cash equivalents (50) (12)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (27,498) 128,154
CASH AND CASH EQUIVALENTS - Beginning of period 150,180 29,154
CASH AND CASH EQUIVALENTS - End of period 122,682 157,308
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for income taxes 94 8
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Change in redemption value of redeemable convertible preferred stock   (374,015)
Conversion of preferred stock to common stock   539,151
Issuance of redeemable convertible preferred stock on exercise of warrants   19,253
Property and equipment purchases included in accounts payable and accrued liabilities $ 10 80
Series B and B-1 Redeemable Convertible Preferred Stock [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of Series B and B-1 redeemable convertible preferred stock cumulative dividend   (5,543)
Series C and D Redeemable Convertible Preferred Stock [Member]    
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Fair value of common stock issued in settlement of Series C and Series D redeemable convertible preferred stock cumulative dividends   $ 20,366