XML 31 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net loss $ (27,298) $ (25,510)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,107 745
Stock-based compensation expense 2,902 2,298
Net amortization of premium on short-term investments 152 (26)
Amortization of debt discount   51
Loss on extinguishment of debt   581
Interest accrued on long-term notes   (348)
Accrued interest converted to principal balance of term loan 538  
Loss on sale of property and equipment (2)  
Gain on sale of investments   (2)
Changes in operating assets and liabilities    
Accounts receivable, net (781) (743)
Inventory (4,333) (1,061)
Prepaid expenses and other (1,091) (936)
Other assets 69 133
Accounts payable (989) (655)
Accrued liabilities (3,089) (50)
Deferred revenue 722 5,110
Deferred rent 828 (266)
Net cash used in operating activities (31,265) (20,679)
Investing activities    
Purchases of property and equipment (1,564) (1,236)
Sale of property and equipment 20  
Decrease in restricted cash   59
Proceeds from sale of short-term investments 3,000 2,500
Proceeds from maturity of short-term investments 34,230 11,225
Purchases of short-term investments (19,150) (39,400)
Net cash provided by (used in) investing activities 16,536 (26,852)
Financing activities    
Borrowings under long-term debt agreements   20,000
Deferred costs related to long-term debt agreement   (770)
Repayment of long-term debt (135) (18,094)
Deferred offering costs (137)  
Proceeds from public offering, net   57,015
Proceeds from sale of common stock, net 12,518  
Proceeds from exercise of common stock warrants   94
Repurchase of shares related to common stock warrant exercise   (94)
Proceeds from issuance of common stock for employee stock purchase plan 664 442
Proceeds from exercise of stock options 352 183
Net cash provided by financing activities 13,262 58,776
Net (decrease) increase in cash and cash equivalents (1,467) 11,245
Effect of exchange rate changes on cash and cash equivalents (19)  
Cash and cash equivalents    
Beginning of period 17,223 9,941
End of period $ 15,737 $ 21,186