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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities:    
Net loss $ (138,740) $ (87,053)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 193 103
Amortization of deferred debt costs 4,658 4,060
Stock-based compensation expense 8,494 7,724
Value of common stock issued for patent license 0 71
Accretion of discount/premium on available for sale securities 0 (97)
Change in fair value of derivative instruments—warrants (151) 364
Common stock issued for interest on Notes 2,445 0
Debt conversion expense 25,615 0
Changes in operating assets and liabilities:    
Security deposit 0 (56)
Accounts payable and accrued expenses 3,452 (1,042)
Prepaid expenses and other current assets 1,561 2,781
Accrued interest expense on senior convertible notes 486 2,470
Total Adjustments 46,753 16,378
Net Cash used in Operating Activities (91,987) (70,675)
Cash Flows From Investing Activities:    
Net sales (purchases) of available-for-sale securities 50,097 (50,188)
Additions to property and equipment (297) (50)
Net Cash provided by (used in) Investing Activities 49,800 (50,238)
Cash Flows From Financing Activities:    
Proceeds of sale of common stock 89,845 14,672
Fees and expenses — note conversions (434) 0
Fees and expenses — sale of common stock 0 (404)
Proceeds from exercise of warrants 0 1,012
Proceeds from exercise of stock options 213 1,079
Net Cash provided by Financing Activities 89,624 16,359
Net increase (decrease) in cash and cash equivalents 47,437 (104,554)
Cash and cash equivalents at beginning of period 61,653 146,470
Cash and cash equivalents at end of period 109,090 41,916
Supplementary disclosure of cash flow information:    
Cash paid for interest on senior convertible notes 2,969 7,416
Cash paid for taxes 45 258
Supplementary disclosure of non-cash investing and financing activities:    
Conversion of senior convertible notes to Synergy Common Stock $ 82,274 $ 40,989