XML 16 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows (unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Net loss $ (40,646,000) $ (40,856,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 2,832,000 1,873,000
Amortization of intangible assets 284,000 232,000
Amortization of deferred financing costs 34,000 54,000
Change in fair value of warrant liability (52,000) 536,000
Stock-based compensation 7,701,000 7,699,000
Other 120,000 165,000
Changes in assets and liabilities:    
Accounts receivable, net (13,887,000) (3,229,000)
Prepaid expenses and other assets 849,000 (3,021,000)
Accounts payable and accrued liabilities 4,303,000 3,496,000
Deferred revenue 32,460,000 25,796,000
Deferred rent (379,000) 504,000
Other liabilities (361,000) (285,000)
Net cash used in operating activities (6,742,000) (7,036,000)
Investing Activities:    
Purchases of property and equipment (4,922,000) (4,463,000)
Purchases of intangible assets (311,000)  
Proceeds from disposal of property and equipment 23,000 53,000
Purchases of marketable securities (24,363,000) (1,456,000)
Maturities of marketable securities 325,000 500,000
Net cash used in investing activities (29,248,000) (5,366,000)
Financing Activities:    
Proceeds from exercise of redeemable convertible preferred stock warrants   250,000
Proceeds from issuance of common stock from employee equity plans 4,494,000 246,000
Payments of line of credit financing costs   (32,000)
Repayment of capital lease obligations   (207,000)
Net cash provided by financing activities 4,494,000 257,000
Net decrease in cash and cash equivalents (31,496,000) (12,145,000)
Cash and cash equivalents, beginning of period 90,471,000 43,915,000
Cash and cash equivalents, end of period 58,975,000 31,770,000
Supplemental cash flow disclosure:    
Cash paid for interest   18,000
Cash paid for taxes 49,000 67,000
Non-cash investing and financing activities:    
Leasehold improvements   494,000
Capital expenditures incurred but not yet paid 210,000 164,000
Issuance of common stock for exercise of common stock warrant 244,000  
Deemed dividends to investors   632,000
Vesting of common stock subject to repurchase $ 20,000 $ 40,000