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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows From Operating Activities:    
Net loss $ (87,053) $ (65,153)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 103 86
Amortization of deferred financing costs 4,060  
Stock-based compensation expense 7,724 3,187
Value of common stock issued for patent license 71  
Accretion of discount/premium on available for sale securities (97) 28
Change in fair value of derivative instruments-warrants 364 (1,404)
Changes in operating assets and liabilities:    
Security deposit (56) (69)
Accounts payable and accrued expenses (1,042) 3,086
Prepaid expenses and other current assets 2,781 (394)
Accrued interest expense on Senior Convertible Debentures 2,470  
Total Adjustments 16,378 4,520
Net Cash used in Operating Activities (70,675) (60,633)
Cash Flows From Investing Activities:    
Net purchases of available-for-sale securities (50,188) 30,000
Additions to property and equipment (50) (104)
Repayment on ContraVir loan receivable   455
Net Cash (used in) / provided by Investing Activities (50,238) 30,351
Cash Flows From Financing Activities:    
Proceeds of sale of common stock 14,672 25,612
Proceeds of sale of common stock - ContraVir   3,224
Fees and expenses - sale of common stock (404) (721)
Proceeds from exercise of warrants 1,012  
Proceeds from exercise of stock options 1,079 36
Distribution associated with ContraVir Spinoff   (3,230)
Net Cash provided by Financing Activities 16,359 24,921
Net decrease in cash and cash equivalents (104,554) (5,361)
Cash and cash equivalents at beginning of period 146,470 18,130
Cash and cash equivalents at end of period 41,916 12,769
Supplementary disclosure of cash flow information:    
Cash paid for interest on Senior Convertible Debentures 7,416  
Cash paid for taxes 258 55
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 $ 40,989