XML 17 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (34,717) $ (22,285)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation expense 3,462 2,864
Non-cash interest expense 210 71
Depreciation and amortization expense 615 412
Purchase of premium on marketable securities (3) (12)
Amortization of premium on marketable securities 17 153
Changes in operating assets and liabilities:    
Accounts receivable 39 (30)
Prepaid expenses and other current assets (588) 877
Inventory 23 (15)
Accounts payable 2,922 (462)
Accrued expenses and deferred rent 2,312 (589)
Deferred revenue   (42)
Net cash used in operating activities (25,708) (19,058)
Cash flows from investing activities:    
Purchases of property and equipment (5,652) (370)
Change in restricted cash   (1,500)
Purchases of marketable securities (3,000) (11,500)
Maturities of investments 35,200 50,000
Net cash provided by investing activities 26,548 36,630
Cash flows from financing activities:    
Proceeds from issuance of notes payable 3,700  
Proceeds from exercise of stock options 38 75
Proceeds from issuance of common stock pursuant to employee stock purchase plan 157 128
Proceeds from issuance of common stock offering, net 27,072  
Payments of insurance costs financed by a third-party (394) (389)
Repayment of notes payable (1,300)  
Net cash provided by (used in) financing activities 29,273 (186)
Net increase in cash and cash equivalents 30,113 17,386
Cash and cash equivalents at beginning of period 32,936 30,784
Cash and cash equivalents at end of period 63,049 48,170
Supplemental disclosure of cash flow information:    
Cash paid for interest 688  
Supplemental disclosure of non-cash investing and financing activities:    
Additions to property and equipment included in accounts payable at balance sheet dates $ 1,269 $ 188