XML 50 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (112,477) $ (98,036)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 7,338 13,824
Depreciation and amortization expense 7,175 6,698
Change in fair value of warrant derivative liability 19,192 0
Impairment of intangible assets 2,064 0
Amortization of (discount) premium on investment securities, net (30) 94
Amortization of right-of-use assets 1,331 0
Accretion of lease liability 804 (276)
Amortization of deferred issuance costs 885 886
Loss on disposition of fixed assets 6 10
Warrant and private placement option issuance costs 3,047 0
Changes in operating assets and liabilities:    
Accounts receivable, interest and other receivables 606 (589)
Prepaid expenses and other assets (1,096) 1,070
Accounts payable (1,131) 460
Accrued liabilities and other (2,300) 2,197
Deferred revenue (2,983) (1,120)
Net cash used in operating activities (77,569) (74,782)
Cash flows from investing activities:    
Purchases of investment securities 0 (59,335)
Proceeds from sale of investment securities 49,379 71,362
Purchases of property and equipment (522) (1,617)
Cash provided by investing activities 48,857 10,410
Cash flows from financing activities:    
Proceeds from issuance of common stock in a public offering, net 8,977 64,860
Proceeds from issuance of redeemable convertible preferred stock in a public offering, net 22,944 0
Proceeds from issuance of warrants in a public offering, net 30,888 0
Proceeds received from private placement option, net 11,152 0
Proceeds from exercise of stock options 76 3,270
Proceeds from issuance of stock from employee stock purchase plan 98 205
Payment on financing lease obligations (47) (31)
Payment of issuance costs on common stock 0 (195)
Net cash provided by financing activities 74,088 68,109
Effect of exchange rate changes on cash (228) (98)
Net change in cash, cash equivalents and restricted cash 45,148 3,639
Cash, cash equivalents and restricted cash at beginning of period 48,668 45,029
Cash, cash equivalents and restricted cash at end of period 93,816 48,668
Supplemental cash flow information:    
Cash paid during the period for interest 3,201 3,025
Non-cash investing and financing activities:    
Purchases of property and equipment in accounts payables and accrued liabilities 0 27
Financing leases incurred for equipment 167 0
Conversion of redeemable preferred stock into common stock 1,476 0
Reclassification of property and equipment, net to assets held for sale $ 12,039 $ 0