XML 46 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended 70 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Cash flows from operating activities      
Net loss $ (41,860) $ (12,683) $ (96,704)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization 59 12 152
Loss on sale of assets 26   34
Reserve for uncollectible receivables     52
Stock-based compensation expense 3,049 144 3,600
Amortization of debt discount   121 666
Non-cash interest expense   7 195
Non-cash research and development expense     1
Remeasurement of convertible preferred stock call option liability 9,560 (863) 7,464
Remeasurement of convertible preferred stock warrant liability 2,279 (1) 2,239
Changes in assets and liabilities      
Accounts receivable   84  
Prepaid expenses and other assets (2,030) (75) (3,350)
Accounts payable (71) (251) 244
Accrued liabilities and other liabilities 377 1,073 4,045
Net cash used in operating activities (28,611) (12,432) (81,362)
Cash flows from investing activities      
Proceeds from sale of property and equipment     10
Purchase of property and equipment (600) (9) (785)
Security deposit for facility lease     (55)
Net cash used in investing activities (600) (9) (830)
Cash flows from financing activities      
Proceeds from issuance of common stock in initial public offering, net of issuance costs 132,138   132,138
Proceeds from sale of option for Series A preferred stock purchase rights     1,000
Proceeds from issuance of convertible preferred stock, net of issuance costs 64,793 20,165 120,113
Proceeds from exercise of convertible preferred stock warrants 570   1,470
Proceeds from exercise of common stock options 4 27 53
Proceeds from issuance of convertible notes payable     9,000
Net cash provided by financing activities 197,505 20,192 263,774
Net increase in cash and cash equivalents 168,294 7,751 181,582
Cash and cash equivalents at beginning of period 13,288 329  
Cash and cash equivalents at end of period 181,582 8,080 181,582
Supplemental disclosure      
Cash paid for interest     2
Supplemental disclosure of noncash items      
Conversion of notes payable and accrued interest to preferred stock   4,588 9,195
Issuance of warrants for preferred stock in connection with convertible notes   433 666
Accretion of Series A convertible preferred stock to redemption value     11,002
Issuance of call options related to convertible preferred stock   990 3,504
Extinguishment of Series A convertible preferred stock     12,100
Conversion of preferred stock call option liability [Member]
     
Supplemental disclosure of noncash items      
Conversion of liability to additional paid in capital 9,581   9,581
Conversion of preferred stock warrant liability [Member]
     
Supplemental disclosure of noncash items      
Conversion of liability to additional paid in capital 2,753   2,753
Conversion of preferred stock to common stock [Member]
     
Supplemental disclosure of noncash items      
Conversion of liability to additional paid in capital $ 122,290   $ 122,290