XML 49 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net loss $ (34,512) $ (16,741)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization expense 1,098 996
(Gain) loss from valuation of convertible note payable (614) 3,787
Stock-based compensation 4,710 2,524
Amortization of premium on investments, net 1,235 1,012
Loss on disposal of long-term assets 18  
Change in operating assets and liabilities:    
Contracts and other receivables 50 (95)
Prepaid and other assets (882) (512)
Accounts payable 1,470 829
Accrued liabilities 610 851
Accrued compensation 147 (120)
Deferred revenue (980) (11,615)
Deferred rent and other liabilities (203) 68
Net cash used in operating activities (27,853) (19,016)
Investing activities    
Purchases of short-term investments (52,268) (50,390)
Maturities and sales of short-term investments 63,074 16,520
Purchases of property and equipment (1,120) (608)
Acquisition of intangibles (53) (46)
Net cash provided by (used in) investing activities 9,633 (34,524)
Financing activities    
Proceeds from issuance of common stock, net 9,853 46,562
Proceeds from exercise of common stock options 624  
Principal payments on other long-term obligations (106) (84)
Net cash provided by financing activities 10,371 46,478
Net decrease in cash and cash equivalents (7,849) (7,062)
Cash and cash equivalents at beginning of period 17,807 40,552
Cash and cash equivalents at end of period 9,958 33,490
Supplemental disclosure of cash flow information    
Interest paid 30  
Income taxes paid 1 1
Supplemental disclosure of non-cash investing and financing activities    
Amounts accrued for property and equipment, net   57
Allowance for tenant improvements   $ 947