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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities:    
Net loss $ (61,057) $ (42,145)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 67 57
Amortization of deferred financing costs 2,516  
Stock-based compensation expense 7,794 2,264
Accretion of discount/premium on available for sale securities (87) 28
Change in fair value of derivative instruments-warrants 1,810 (979)
Changes in operating assets and liabilities:    
Security deposit (56) (69)
Accounts payable and accrued expenses (1,294) 2,421
Prepaid expenses and other current assets 1,549 (1,086)
Accrued interest expense on Senior Convertible Debentures (277)  
Total Adjustments 12,022 2,636
Net Cash used in Operating Activities (49,035) (39,509)
Cash Flows From Investing Activities:    
Net purchases of available-for-sale securities (50,000)  
Additions to property and equipment (8) (57)
Repayment on ContraVir loan receivable   455
Net Cash (used in) / provided by Investing Activities (50,008) 398
Cash Flows From Financing Activities:    
Proceeds of sale of common stock 14,672 22,795
Proceeds of sale of common stock - ContraVir   3,224
Fees and expenses - sale of common stock (404) (644)
Proceeds from exercise of stock options   36
Distribution associated with ContraVir Spinoff   (3,230)
Net Cash provided by Financing Activities 14,268 22,181
Net decrease in cash and cash equivalents (84,775) (16,930)
Cash and cash equivalents at beginning of period 146,470 18,130
Cash and cash equivalents at end of period 61,695 1,200
Supplementary disclosure of cash flow information:    
Cash paid for interest on Senior Convertible Debentures 7,416  
Cash paid for taxes 224 30
Supplementary disclosure of non-cash investing and financing activities:    
Distribution of net assets of ContraVir   $ 84
Conversion of Senior Convertible Debentures to Synergy Common Stock $ 22,213