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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities:    
Net loss $ (10,408) $ (8,574)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 101 42
Noncash interest expense 45 38
Amortization of premium on marketable securities 59 54
Stock based compensation expense 491 181
Changes in operating assets and liabilities:    
Contract receivables 40 53
Prepaid expenses and other assets (138) (1,025)
Accounts payable (1,563) 3,329
Accrued compensation (454) 200
Accrued research and clinical liabilities 382 (2,153)
Other liabilities 155 73
Deferred rent (8) (19)
Net cash used in operating activities (11,298) (7,801)
Investing activities:    
Purchases of property and equipment (35) (5)
Purchase of marketable securities (31,005)  
Proceeds from maturities of marketable securities 22,460 2,395
Changes in restricted cash (193)  
Net cash provided by (used in) investing activities (8,773) 2,390
Financing activities:    
Proceeds from issuance of common stock in initial public offering, net of underwriting costs   64,413
Proceeds from the exercise of stock options 59  
Principal payments under notes payable (811)  
Net cash provided by (used in) financing activities (752) 64,413
Net increase (decreases) in cash and cash equivalents (20,823) 59,002
Cash and cash equivalents, beginning of period 54,220 10,947
Cash and cash equivalents, end of period 33,397 69,949
Supplemental cash flow disclosure:    
Cash paid for interest 219 225
Supplemental disclosure of noncash financing activities:    
Conversion of preferred stock to common stock and additional paid-in capital   102,023
Reclassification of preferred stock warrants liability to additional paid-in capital   $ 157