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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flow from operating activities:      
Net loss $ (59,699) $ (28,060) $ (11,388)
Income (loss) from discontinued operations   2,274 (1,715)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 757 631 462
Share-based compensation 1,573 1,974 177
Non-cash interest income     (58)
Non-cash interest expense     700
Increase in fair value of warrant liability     641
Loss (gain) on disposal of property and equipment (36) 8  
Changes in operating assets and liabilities:      
Contracts and grants receivable     519
Prepaid expenses and other current assets (22) (604) (278)
Accounts payable 1,372 825 338
Accrued compensation 1,258 769 61
Accrued outside research and development services 4,649 837 251
Accrued legal and professional fees 179 200 3
Accrued expenses 1,083 411 (92)
Other (25) (30) (22)
Net cash used in continuing operating activities (48,911) (20,765) (10,401)
Net cash provided by (used in) discontinued operating activities (257) (1,427) 1,798
Net cash used in operating activities (49,168) (22,192) (8,603)
Cash flow from investing activities:      
Purchases of property and equipment (6,143) (1,212) (772)
Purchase of intangible asset (75)    
Cash restricted to secure letter of credit   (539)  
Net cash used in continuing investing activities (6,218) (1,751) (772)
Net cash used in discontinued investing activities   (139) (6)
Net cash used in investing activities (6,218) (1,890) (778)
Cash flow from financing activities:      
Proceeds from issuance of preferred stock   67,099 11,959
Proceeds from issuance of convertible notes     3,502
Proceeds from initial public offering, net of underwriting fees and commissions 47,785    
Payments related to public offering costs (3,190)    
Proceeds from exercise of stock options 35 458 57
Proceeds from the exercise of preferred stock warrants     550
Purchase of treasury stock (155)    
Dividend Distribution   (5,200)  
Payments on capital lease obligation (7) (6) (5)
Payments on facility financing obligation (159)    
Net cash provided by financing activities 44,309 62,351 16,063
Net increase (decrease) in cash and cash equivalents (11,077) 38,269 6,682
Cash and cash equivalents as of beginning of period 45,688 7,419 737
Cash and cash equivalents as of end of period 34,611 45,688 7,419
Supplemental disclosure of cash flow information:      
Cash paid for interest, including capitalized interest 410 1 2
Supplemental disclosure of non-cash investing and financing activities:      
Purchases of equipment with accounts payable and accrued expenses 420 92 240
Conversion of notes payable and unpaid interest into preferred stock     3,782
Exercise of preferred stock warrants     $ 853
Distribution of KNOW Bio, LLC equipment   125  
Equipment acquired through capital lease 39    
Non-cash addition to construction in progress related to build-to-suit lease and facility financing obligation 8,157    
Non-cash addition to deferred offering costs   $ 309  
Conversion of convertible preferred stock and non-voting common stock to voting common stock 104,798    
Deferred offering costs reclassified to additional paid-in capital $ 3,190