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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net loss $ (47,089) $ (45,581) $ (50,038)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization 2,977 2,377 1,590
Stock-based compensation expense 9,038 6,278 4,926
Loss on extinguishment of debt 0 0 581
(Accretion) amortization of discount or premium on short-term investments (20) 270 86
Interest accrued on long-term debt 158 18 (348)
Conversion of accrued interest to long-term debt 1,357 1,067 420
(Gain) loss on disposal of property and equipment (2) 3 0
Bad debt expense 0 34 0
Gain on sale of investments 0 0 (5)
Changes in operating assets and liabilities      
Accounts receivable (2,476) (7,328) (4,109)
Inventory (5,035) (5,354) (1,252)
Prepaid expenses and other 72 1,199 (2,132)
Other assets 37 (7) (70)
Accounts payable 869 (166) 21
Accrued liabilities 851 1,162 3,379
Deferred revenue 29,948 (127) 9,497
Deferred rent and other liabilities 3,236 2,793 (607)
Net cash used in operating activities (6,079) (43,362) (38,061)
Investing activities      
Purchases of property and equipment (3,991) (3,796) (1,900)
Proceeds from sale of property and equipment 4 6 0
Proceeds from sale of short-term investments 4,700 3,000 4,500
Proceeds from maturity of short-term investments 34,800 57,309 35,977
Purchases of short-term investments (65,774) (32,750) (62,911)
Decrease in restricted cash 0 0 59
Net cash provided by (used in) investing activities (30,261) 23,769 (24,275)
Financing activities      
Proceeds from long-term debt 5,000 10,000 30,000
Deferred costs related to long-term debt 0 0 (770)
Repayment of long-term debt and lease financing obligations (226) (271) (18,214)
Proceeds from sale of common stock, net 26,223 12,518 57,015
Proceeds from exercise of common stock warrants 0 2 230
Proceeds from issuance of common stock for employee stock purchase plan 1,489 1,295 988
Repurchase of shares related to common stock warrant exercise 0 0 (94)
Deferred offering costs 0 (152) 0
Proceeds from exercise of stock options 2,607 876 411
Net cash provided by financing activities 35,093 24,268 69,566
Net increase (decrease) in cash and cash equivalents (1,247) 4,675 7,230
Effect of exchange rate changes on cash and cash equivalents (26) (42) 52
Cash and cash equivalents      
Beginning of year 21,856 17,223 9,941
End of year 20,583 21,856 17,223
Supplemental disclosures      
Cash paid for interest 4,071 2,844 3,479
Cash paid for taxes 217 69 0
Purchases of property and equipment, accrued but not paid 275 640 0
Rental instruments reclassified from inventory 801 772 2,541
Non-cash inventory exchange for services 28 112 0
Non-cash capital lease 0 48 262
Accrual of offering costs $ 0 $ 29 $ 0