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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (7,661) $ (14,101)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,185 843
Net amortization of premium on available-for-sale securities 120 122
Depreciation and amortization 78 88
Changes in operating assets and liabilities:    
Research and development tax incentive receivable (606) (102)
Receivable from collaboration partner - related party (906)  
Prepaid expenses and other assets 1,150 1,586
Accounts payable 21 (151)
Payable to collaboration partner - related party 379  
Accrued expenses and other payables 974 1,359
Deferred revenue - related party (9,872)  
Net cash used in operating activities (15,138) (10,356)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of available-for-sale securities (25,636) (8,002)
Proceeds from maturities of available-for-sale securities 4,000 6,800
Purchases of property and equipment, net (208) (48)
Net cash used in investing activities (21,844) (1,250)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock upon exercise of stock options and purchases under employee stock purchase plan 530 374
Net cash provided by financing activities 530 374
Effect of exchange rate changes on cash, cash equivalents and restricted cash   115
Net decrease in cash, cash equivalents and restricted cash (36,452) (11,117)
Cash, cash equivalents and restricted cash, beginning of year 106,489 21,094
Cash, cash equivalents and restricted cash, end of year 70,037 9,977
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING AND INVESTING INFORMATION:    
Purchases of property and equipment in accounts payable $ 36 $ 118