XML 36 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows From Operating Activities:    
Net loss $ (187,364) $ (138,740)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 121 193
Amortization of deferred debt costs and debt discount 1,014 4,658
Accretion of back-end facility fee 21 0
Loss on disposal of property and equipment 44 0
Stock-based compensation expense 20,082 8,494
Interest expense — Payment-in-kind (PIK) 765 0
Change in fair value of derivative instruments—warrants (216) (151)
Common stock issued for interest on Notes 0 2,445
Debt conversion expense 1,209 25,615
Changes in operating assets and liabilities:    
Accounts receivable (5,036) 0
Inventories (7,405) 0
Security deposit 25 0
Prepaid expenses and other current assets (7,671) 1,561
Accounts payable and accrued expenses 2,145 3,452
Deferred revenues, net 1,927 0
Accrued interest expense on senior convertible notes 287 486
Total Adjustments 7,312 46,753
Net Cash used in Operating Activities (180,052) (91,987)
Cash Flows From Investing Activities:    
Net sales of available-for-sale securities 0 50,097
Additions to property and equipment (48) (297)
Net Cash (used in) provided by Investing Activities (48) 49,800
Cash Flows From Financing Activities:    
Proceeds of sale of common stock 121,951 89,845
Proceeds from borrowings, net of issuance costs 95,140 0
Payment for deferred financing costs (1,591) 0
Fees and expenses — note conversions 0 (434)
Fees and expenses — sale of common stock (347) 0
Proceeds from exercise of stock options 347 213
Net Cash provided by Financing Activities 215,500 89,624
Net increase in cash and cash equivalents 35,400 47,437
Cash and cash equivalents at beginning of period 82,387 61,653
Cash and cash equivalents at end of period 117,787 109,090
Supplementary disclosure of cash flow information:    
Cash paid for interest on senior convertible notes 698 2,969
Cash paid for taxes 20 45
Supplementary disclosure of non-cash investing and financing activities:    
Conversion of senior convertible notes to Synergy Common Stock 4,912 82,274
Amount added to principal of term loan for Payment-in-kind (PIK) interest 765 0
Non-cash tenant improvement allowance $ 587 $ 0