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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (11,092) $ (10,538)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,527 1,363
Depreciation 53 52
Other 35 13
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 568 (85)
Accrued liabilities (1,003) (1,451)
Accounts payable (1,452) 1,415
Net cash used in operating activities (11,364) (9,231)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (78) (179)
Change in restricted cash 13 25
Net cash used in investing activities (65) (154)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock upon follow-on offering, net of offering costs 27,422  
Proceeds from exercise of common stock options 23 96
Payment of deferred offering costs   (15)
Net cash provided by financing activities 27,445 81
Effect of exchange rate changes on cash and cash equivalents 2 (5)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 16,018 (9,309)
CASH AND CASH EQUIVALENTS - Beginning of period 109,007 150,180
CASH AND CASH EQUIVALENTS - End of period 125,025 140,871
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for income taxes 90  
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Property and equipment purchases included in accounts payable and accrued liabilities $ 7 $ 20