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Condensed Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net (loss) income $ (7,028) $ 2,705
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Non-cash compensation expense 809 51
Change in fair value of liability under license agreement   (35)
Accrued interest and amortization of beneficial conversion feature on promissory notes   2,604
Depreciation and amortization 393 395
Deferred rent costs (130) (117)
Amortization of financing costs   78
Changes in operating assets and liabilities:    
Other receivables (480) (31)
Income tax receivable 4 (27)
Prepaid expenses and other current assets (561) (22)
Accounts payable and accrued expenses 69 339
Deferred revenue (406) 5,394
Net cash (used in) provided by operating activities (7,330) 11,334
Investing activities    
Purchases of property and equipment (6)  
Net cash (used in) investing activities (6)  
Financing activities    
Proceeds from convertible promissory notes   1,462
Financing costs on convertible promissory notes   (70)
Repayment of long-term debt   (307)
Proceeds from sale of Junior A convertible preferred stock, net   7,642
Proceeds from initial public offering, net of issuance costs 57,762  
Proceeds from the exercise of stock options 29  
Net cash provided by financing activities 57,791 8,727
Net cash increase for the period 50,455 20,061
Cash and cash equivalents at beginning of period 12,357 1,117
Cash and cash equivalents at end of period 62,812 21,178
Supplemental disclosure of cash flow information    
Cash paid for interest   24
Noncash financing activities    
Conversion of convertible preferred stock to common stock 65,586  
Reclassification of prepaid IPO costs paid in 2013 1,465  
Unpaid IPO issuance costs $ 50