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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net loss $ (23,766) $ (10,373)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,194 1,146
Depreciation and amortization 1,249 386
Accretion/amortization on available-for-sale marketable securities (126)  
Deferred rent costs (395) (142)
Changes in operating assets and liabilities:    
Income tax receivable (224) (50)
Other receivables (171)  
Prepaid expenses (1,669) (303)
Accounts payable and accrued expenses 2,616 1,204
Deferred revenue   (1,363)
Net cash used in operating activities (21,292) (9,495)
Investing activities    
Proceeds from maturities of available-for-sale marketable securities 42,400  
Proceeds from sale of available-for-sale marketable securities 10,900  
Purchases of available-for-sale marketable securities (42,677)  
Change in restricted cash (769)  
Purchases of property and equipment (158) (12)
Net cash provided by (used in) investing activities 9,696 (12)
Financing activities    
Proceeds from the exercise of stock options 40 35
Net cash provided by financing activities 40 35
Net cash decrease for the period (11,556) (9,472)
Cash and cash equivalents at beginning of period 15,101 52,663
Cash and cash equivalents at end of period 3,545 $ 43,191
Noncash investing and financing activities    
Tenant improvements paid by landlord $ 1,094