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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operating Activities:      
Net loss $ (117,500) $ (95,708) $ (62,124)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 163 120 56
Amortization of deferred financing costs 4,566 411  
Value of common stock issued for patent license 67    
Stock-based compensation expense 9,724 4,722 4,614
Accretion of discount/premium on available for sale securities (109) 130 59
Change in fair value of derivative instruments-warrants 394 (1,362) (149)
Changes in operating assets and liabilities:      
Security deposit (180) (69)  
Accounts payable and accrued expenses 1,867 316 7,084
Prepaid expenses and other current assets 531 (124) (2,171)
Accrued interest expense on Senior Convertible Debentures (512) 2,500  
Total Adjustments 16,511 6,644 9,493
Net Cash used in Operating Activities (100,989) (89,064) (52,631)
Cash Flows From Investing Activities:      
Loans to related parties     (270)
Net purchases of available-for-sale securities (200)   (30,000)
Additions to property and equipment (50) (173) (615)
Repayment on ContraVir loan receivable   455  
Net Cash provided by/(used in) Investing Activities (250) 282 (30,885)
Cash Flows From Financing Activities:      
Proceeds of sale of common stock 14,672 30,700 94,734
Proceeds of sale of common stock - ContraVir   3,224  
Issuance of Senior Convertible Debentures   200,000  
Payment for debt financing costs   (12,747)  
Fees and expenses related to sale of common stock (404) (861) (5,623)
Proceeds from exercise of stock options 1,142 36 119
Proceeds from exercise of warrants 1,012    
Distribution associated with ContraVir Spinoff   (3,230)  
Net Cash provided by Financing Activities 16,422 217,122 89,230
Net increase/(decrease) in cash and cash equivalents (84,817) 128,340 5,714
Cash and cash equivalents at beginning of period 146,470 18,130 12,416
Cash and cash equivalents at end of period 61,653 146,470 18,130
Supplementary disclosure of cash flow information:      
Cash paid for interest on Senior Convertible Debentures 13,379    
Cash paid for taxes 258 55 $ 81
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