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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net loss $ (24,283) $ (32,241) $ (15,337)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 855 684 382
Gain from forgiveness of note payable 0 0 (190)
Stock-based compensation 3,849 3,044 2,868
Discount on revenue from issuance of warrant 1,080 0 0
Other 0 (22) 2
Stock–based patent license and settlement expense 315 3,150 0
Gain from insurance proceeds, net (617) 0 (682)
Change in fair value of warrant liabilities 0 (728) 557
Changes in operating assets and liabilities:      
Accounts receivable 324 12 (237)
Prepaid expenses and other (1,346) (206) (462)
Accounts payable and accrued expenses 4,269 1,537 2,413
Advances and deposits from Healios 4,889 134 0
Deferred revenue (250) 771 (245)
Net cash used in operating activities (13,350) (24,018) (10,931)
Investing activities      
Purchase of available-for-sale securities 0 0 (16,343)
Sales of available-for-sale securities 0 0 16,305
Proceeds from insurance, net 617 0 682
Purchases of equipment (1,532) (285) (1,711)
Net cash used in investing activities (915) (285) (1,067)
Financing activities      
Proceeds from issuance of common stock, net 15,415 37,287 4,028
Proceeds from exercise of warrants 0 1,862 163
Shares retained for withholding tax payments on stock-based awards (402) (283) (467)
Net cash provided by financing activities 36,008 38,866 3,724
Increase (decrease) in cash and cash equivalents 21,743 14,563 (8,274)
Cash and cash equivalents at beginning of year 29,316 14,753 23,027
Cash and cash equivalents at end of year 51,059 29,316 14,753
Healios License Agreement      
Changes in operating assets and liabilities:      
Accounts receivable (4,545) (153) 0
Deferred revenue (2,110) 0 0
Financing activities      
Proceeds from issuance of common stock, net $ 20,995 $ 0 $ 0