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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net loss $ (24,690) $ (17,745) $ (3,963)
Adjustments to reconcile net loss to net cash (used in) provided by operations:      
Stock-based compensation expense 2,514 1,371 123
Change in fair value of liability under license agreement     (35)
Accrued interest and amortization of beneficial conversion feature on promissory notes     3,605
Loss on write-off of fixed assets 2    
Depreciation & amortization 839 783 789
Amortization/accretion of available-for-sale securities (18)    
Deferred rent costs (289) (265) (238)
Amortization of financing costs     117
Changes in operating assets and liabilities:      
Income tax receivable (184) (139) (30)
Interest receivable (80)    
Prepaid expenses (1,442) 388 (1,736)
Accounts payable and accrued expenses 3,322 (12) 722
Deferred revenue (1,452) (2,023) 3,475
Net cash (used in) provided by operating activities (21,478) (17,642) 2,829
Investing activities      
Purchase of available-for-sale marketable securities (91,657)    
Purchases of property and equipment (20) (42) (5)
Net cash used in investing activities (91,677) (42) (5)
Financing activities      
Proceeds from convertible promissory notes     1,462
Financing costs on convertible promissory notes     (70)
Repayment of convertible promissory notes     (311)
Repayment of long-term debt     (307)
Proceeds from sale of common stock   100  
Proceeds from the exercise of stock options 362 128  
Proceeds from initial public offering, net of issuance costs   57,762  
Net cash provided by financing activities 75,593 57,990 8,416
Net cash increase (decrease) for the period (37,562) 40,306 11,240
Cash and cash equivalents at beginning of period 52,663 12,357 1,117
Cash and cash equivalents at end of period 15,101 52,663 12,357
Supplemental disclosure of cash flow information      
Cash paid for interest     37
Noncash financing activities      
Conversion of convertible preferred stock to common stock   65,586  
Reclassification of prepaid IPO costs paid in 2013   $ 1,465  
Conversion of convertible promissory notes to Series D convertible preferred stock     3,888
Junior A Convertible Preferred Stock [Member]      
Financing activities      
Proceeds from sale of convertible preferred stock     $ 7,642
Follow-on Offering [Member]      
Financing activities      
Proceeds from follow-on offering, net of issuance costs $ 75,231