XML 19 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (3,362,000) $ (404,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 110,000 388,000
Change in fair value of contingent consideration liability (200,000) (14,833,000)
Gain on restructuring of financing obligations (2,506,000) 0
Gain on fair value of inventory received resulting from restructuring of financing obligations (945,000) 0
Amortization of debt discount, deferred interest 576,000 642,000
Amortization of discount on available-for-sale securities 0 50,000
Depreciation and amortization 571,000 879,000
Impairment of property and equipment 0 1,381,000
Impairment of inventory 945,000 1,229,000
Impairment of prepaid expenses 0 1,024,000
Changes in operating assets and liabilities:    
Receivables (8,000) 74,000
Inventory 0 28,000
Prepaid expenses and other current assets 95,000 (293,000)
Other assets 28,000 165,000
Accounts payable 409,000 (234,000)
Accrued clinical trial expense and other accrued liabilities 1,092,000 (2,140,000)
Deferred revenues (712,000) (613,000)
Other liabilities (346,000) (77,000)
Net cash used in operating activities (4,253,000) (12,734,000)
Cash flows from investing activities:    
Purchase of available-for-sale securities 0 (5,442,000)
Maturities of available-for-sale securities 0 13,540,000
Net cash (used in) provided by investing activities 0 8,098,000
Cash flows from financing activities:    
Payment of contingent payment to Symphony Allegro Holdings, LLC 0 (867,000)
Change in restricted cash 0 1,396,000
Proceeds from financing obligations 1,000,000 0
Net cash provided by financing activities 1,000,000 529,000
Net decrease in cash and cash equivalents (3,253,000) (4,107,000)
Cash and cash equivalents at beginning of period 7,755,000 [1] 15,200,000
Cash and cash equivalents at end of period $ 4,502,000 $ 11,093,000
[1] The condensed consolidated balance sheet at December 31, 2015 has been derived from audited consolidated financial statements at that date.