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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net loss $ (68,964,000) $ (36,773,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 734,000 572,000
Stock-based compensation 7,890,000 6,649,000
Accretion of interest expense 9,938,000 729,000
Change in fair value of embedded derivative liability 44,000 0
Net accretion of discounts and amortization of premiums of available-for-sale securities (344,000) (71,000)
Changes in assets and liabilities    
Accrued interest of available-for-sale securities (234,000) (50,000)
Inventory (1,726,000) 0
Prepaid expenses and other assets (4,979,000) 730,000
Accounts receivable, net (3,045,000) 760,000
Accounts payable 3,861,000 509,000
Accrued liabilities and other liabilities (558,000) 325,000
Net cash used in operating activities (57,383,000) (26,620,000)
Cash flows from investing activities    
Purchases of property and equipment (497,000) (621,000)
Purchases of available-for-sale securities (183,796,000) (40,071,000)
Maturities of available-for-sale securities 53,560,000 41,100,000
Net cash provided by (used in) investing activities (130,733,000) 408,000
Cash flows from financing activities    
Proceeds from public offerings, net of offering costs 134,268,000 0
Proceeds from issuance of long-term debt 0 34,600,000
Payment of debt issuance costs 0 (136,000)
Proceeds from issuance of common stock upon exercise of stock options 2,293,000 1,201,000
Proceeds from employee stock purchase plan 843,000 430,000
Net cash provided by financing activities 137,404,000 36,095,000
Net increase (decrease) in cash and cash equivalents (50,712,000) 9,883,000
Cash and cash equivalents at beginning of period 91,316,000 23,735,000
Cash and cash equivalents at end of period 40,604,000 33,618,000
Supplemental disclosure of noncash investing and financing activities    
Purchases of inventory in accounts payable and accrued expenses 236,000 0
Debt issuance costs in accounts payable and accrued expense 0 460,000
Purchases of property and equipment in accounts payable and accrued expense 10,000 51,000
Stock-based compensation capitalized in inventory 122,000 0
Public offering costs in accounts payable and accrued expense $ 240,000 $ 0