XML 17 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net loss $ (16,815) $ (9,174)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation 186 40
Stock-based compensation expense 1,641 1,008
Amortization of premium (discount) on marketable securities 196 109
Other non-cash charges 9 12
Loss on disposal of fixed assets 2,278  
Changes in operating assets and liabilities:    
Accounts receivable 39 (403)
Prepaid expenses, other current and long-term assets (572) (987)
Accounts payable (1,009) 593
Accrued expenses and other current and long-term liabilities 51 (1,176)
Net cash used in operating activities (13,996) (9,978)
Cash flows from investing activities    
Purchases of property and equipment (3,094) (533)
Change in restricted cash   24
Purchases of marketable securities (3,006) (89,425)
Sale and redemption of marketable securities 16,097 27,465
Net cash provided by (used in) investing activities 9,997 (62,469)
Cash flows from financing activities    
Payment of public offering costs   (225)
Payments on debt   (3,500)
Payment of debt issuance costs (42)  
Proceeds from the exercise of stock options   37
Net cash used in financing activities (42) (3,688)
Net decrease in cash and cash equivalents (4,041) (76,135)
Cash and cash equivalents at beginning of period 62,944 103,098
Cash and cash equivalents at end of period 58,903 26,963
Supplemental disclosures of cash flow information:    
Cash paid for interest 237 $ 292
Supplemental disclosures of non-cash financing activities:    
Purchases of property and equipment in accounts payable and accrued expenses $ 2,450