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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net loss $ (36,765) $ (37,658)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,420 1,115
Stock-based compensation expense 4,749 3,604
Net amortization of premium on short-term investments 287 127
Amortization of debt discount 0 51
Loss on extinguishment of debt 0 581
Interest accrued on long-term notes 0 (348)
Accrued interest converted to principal balance of term loan 815 179
Loss on sale of property and equipment 2 0
Gain on sale of investments 0 (5)
Changes in operating assets and liabilities    
Accounts receivable, net (467) (6,935)
Inventory (6,769) (1,198)
Prepaid expenses and other 634 (1,218)
Other assets 104 120
Accounts payable (857) (1,210)
Accrued liabilities (3,013) 667
Deferred revenue 87 9,328
Deferred rent 1,011 (382)
Net cash used in operating activities (38,762) (33,182)
Investing activities    
Purchases of property and equipment (1,847) (1,284)
Sale of property and equipment 20 0
Decrease in restricted cash 0 59
Proceeds from sale of short-term investments 3,000 4,500
Proceeds from maturity of short-term investments 46,178 26,675
Purchases of short-term investments (23,150) (47,271)
Net cash provided by (used in) investing activities 24,201 (17,321)
Financing activities    
Borrowings under long-term debt agreements 0 20,000
Deferred costs related to long-term debt agreement 0 (770)
Repayment of long-term debt (203) (18,151)
Deferred offering costs (137) 0
Proceeds from public offering, net 0 57,015
Proceeds from sale of common stock, net 12,508 0
Proceeds from exercise of common stock warrants 0 230
Repurchase of shares related to common stock warrant exercise 0 (94)
Proceeds from issuance of common stock for employee stock purchase plan 1,296 988
Proceeds from exercise of stock options 546 170
Net cash provided by financing activities 14,010 59,388
Net (decrease) increase in cash and cash equivalents (551) 8,885
Effect of exchange rate changes on cash and cash equivalents (37) 0
Cash and cash equivalents    
Beginning of period 17,223 9,941
End of period $ 16,635 $ 18,826