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Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net loss $ (14,635) $ (6,398)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 410 282
Amortization of premium on marketable securities 659 426
Stock-based compensation 3,158 1,960
Abandonment of capitalized intangible assets 9 9
Gain on sale of marketable securities available-for-sale   (3)
Changes in operating assets and liabilities:    
Accounts receivable 1,678 (604)
Interest receivable (479) 41
Prepaid expenses and other assets (1,465) (683)
Accounts payable 395 (2,109)
Accrued expenses (190) (1,243)
Income taxes 110  
Deferred rent (30) (26)
Deferred revenue (340) (5,952)
Net cash used in operating activities (10,720) (14,300)
Cash flows from investing activities    
Purchase of marketable securities (6,988) (16,340)
Purchase of intangible assets (702) (343)
Purchase of property and equipment (494) (317)
Proceeds from sale and maturities of marketable securities 16,911 26,660
Net cash provided by investing activities 8,727 9,660
Cash flows from financing activities    
Proceeds from issuance of common stock upon exercise of stock awards 1,026 200
Net cash provided by financing activities 1,026 200
Net decrease in cash and cash equivalents (967) (4,440)
Cash and cash equivalents, beginning of period 14,528 12,590
Cash and cash equivalents, end of period 13,561 8,150
Cash paid during the period for:    
Interest 3  
Income taxes 60  
Supplemental disclosures of non-cash investing activities    
Unrealized gain on marketable securities available for sale $ 245 $ 619