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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net income $ 4,825 $ 738
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Loss on extinguishment of debt 382 2,134
Change in fair value of derivative liability (101) 49
Depreciation and amortization 429 214
Non cash interest expense, net/interest income, net 155 463
Non-recourse liability related to sale of future royalties 1,279 759
Non-cash royalty revenue (1,119) (605)
Share-based compensation expense 1,359 902
Changes in operating assets and liabilities:    
Accounts receivable (4,744) (2,001)
Inventories (457) (261)
Prepaid expenses and other assets 260 38
Accounts payable (1,691) (1,004)
Accrued sales deduction 1,903 1,505
Accrued expenses (5,995) (1,883)
Deferred licensing revenue 300 (36)
Other non-current liabilities 73 (1,277)
Net cash (used in) provided by operating activities (3,142) (265)
Cash flows from investing activities    
Purchases of marketable securities (17,335) (17,967)
Sales and maturities of marketable securities 7,400 8,731
Purchases of property and equipment (279) (189)
Deferred legal fees (436) (1,695)
Net cash used in investing activities (10,650) (11,120)
Cash flows from financing activities    
Proceeds from issuance of common stock 124 147
Net cash provided by financing activities 124 147
Net change in cash and cash equivalents (13,668) (11,238)
Cash and cash equivalents at beginning of period 33,498 36,396
Cash and cash equivalents at end of period 19,830 25,158
Noncash financial activity:    
Conversion of convertible notes and interest make-whole 2,138 21,176
Deferred legal fees included in accounts payable and accrued expenses $ 3,779 $ 3,176