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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net loss $ (26,944) $ (26,282)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and other expense 83 94
Gain on sale of property and equipment (150) 0
Deferred income taxes 0 233
Share-based compensation 4,677 5,744
Changes in operating assets and liabilities:    
Income tax receivable (1) 1,387
Prepaid expense and other current assets 299 1,227
Other assets 3 (7)
Accrued research and development expenses 308 153
Accounts payable and accrued expenses (2,628) (3,557)
Net cash used in operating activities (24,353) (21,008)
Investing Activities    
Net cash provided by (used in) investing activities 0 0
Financing Activities    
Proceeds from employee stock plan purchases 41 27
Net cash provided by financing activities 41 27
Net change in cash and cash equivalents (24,312) (20,981)
Cash and cash equivalents    
Beginning of period 131,201 166,972
End of period 106,889 145,991
Supplemental disclosure of cash paid    
Income tax refunds received $ 0 $ 2,467