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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net loss $ (14,399) $ (12,600)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 364 645
Stock-based compensation expense 649 617
Non-cash interest expense 108 188
Change in fair value of redeemable convertible preferred stock warrant 12  
Changes in operating assets and liabilities:    
Accounts receivable (1,137) 153
Prepaid expenses and other assets (537) (230)
Restricted cash and other deposits (1,351) 301
Account payable (338) 926
Deferred revenue 933 773
Contingently repayable grant funding received (204) (310)
accrued expenses and other liabilities 127 326
Net cash used in operating activities (15,773) (9,211)
Investing activities    
Maturities of short term government obligations 3,516  
purchase of property and equipment (202) (553)
Net cash provided by (used in ) investing activities 3,314 (553)
Financing activities    
Vesting of restricted stock 10 10
Principle payments on loan payable   (916)
Deferred IPO costs paid (2,650)  
Issuance of convertible note   7,092
Proceeds from Initial Public Offering 65,100  
Exercise of stock options 48 49
Net cash provided by financing activities 62,508 6,235
Effect of exchange rate changes on cash 262 91
Net (decrease) increase in cash and cash equivalents 50,311 (3,438)
Cash and cash equivalents at beginning of period 32,337 16,592
Cash and cash equivalents at end of period 82,648 13,154
Cash paid during the year for:    
Interest 486 291
Supplemental Noncash Financing Activities:    
Reclassification of IPO costs from non-current assets to additional paid-in capital 4,324  
Initial public offering costs in accounts payable and accrued liabilities 1,372  
Accrued dividends and accretion of preferred stock to redemption value $ 4,566 $ 3,123