XML 22 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net loss $ (81,836,000) $ (55,748,000) $ (56,680,000)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization expense 2,276,000 1,591,000 1,490,000
Loss from valuation of convertible note payable 0 1,811,000 12,118,000
Stock-based compensation 12,872,000 15,368,000 7,039,000
Amortization of premium on investments, net 666,000 1,472,000 1,597,000
Other 1,043,000 98,000 18,000
Change in operating assets and liabilities:      
Contracts and other receivables 8,364,000 (9,746,000) (196,000)
Prepaid materials (616,000) (3,460,000) (641,000)
Prepaid expenses and other assets (778,000) (683,000) (1,241,000)
Accounts payable 3,123,000 529,000 940,000
Accrued liabilities (871,000) 2,094,000 556,000
Accrued compensation (74,000) 284,000 811,000
Deferred revenue (1,194,000) (3,090,000) (5,039,000)
Deferred rent and other liabilities 143,000 (379,000) (282,000)
Net cash used in operating activities (56,882,000) (49,859,000) (39,510,000)
Investing activities      
Purchases of short-term investments (65,110,000) (78,401,000) (113,417,000)
Sales and maturities of short-term investments 101,387,000 101,306,000 85,421,000
Purchases of property and equipment (913,000) (1,363,000) (1,146,000)
Acquisition of intangibles (53,000) (67,000) (65,000)
Net cash provided by (used in) investing activities 35,311,000 21,475,000 (29,207,000)
Financing activities      
Proceeds from borrowing under term loan, net 19,768,000 0 0
Proceeds from issuance of common stock, net 641,000 492,000 86,146,000
Proceeds from exercise of common stock options 310,000 6,680,000 2,233,000
Principal payments on other long-term obligations (167,000) (155,000) (142,000)
Net cash provided by financing activities 20,552,000 7,017,000 88,237,000
Net (decrease) increase in cash and cash equivalents (1,019,000) (21,367,000) 19,520,000
Cash and cash equivalents at beginning of period 15,960,000 37,327,000 17,807,000
Cash and cash equivalents at end of period 14,941,000 15,960,000 37,327,000
Supplemental disclosure of cash flow information      
Net changes in restricted cash (1,256,000) 1,256,000 0
Interest paid (981,000) (27,000) (39,000)
Income taxes paid (1,000) (1,000) (1,000)
Supplemental disclosure of non-cash investing and financing activities      
Allowance for tenant improvements 6,653,000 1,656,000 0
Amounts accrued for property and equipment 292,000 223,000 76,000
Amounts accrued for patent expenditures $ 0 $ 28,000 $ 42,000