XML 31 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net loss $ (82,177) $ (57,513) $ (18,497)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization 194 107 17
Loss on disposition of assets   26  
Stock-based compensation expense 10,699 4,641 215
Amortization of debt discount     121
Non-cash interest expense     7
Remeasurement of convertible preferred stock call option liability   9,560 (969)
Remeasurement of convertible preferred stock warrant liability   2,279 41
Changes in assets and liabilities      
Prepaid expenses and other assets 317 (1,695) 383
Accounts payable 413 944 (675)
Accrued liabilities and other liabilities 1,490 1,998 2,267
Net cash (used in) operating activities (69,064) (39,653) (17,090)
Cash flows from investing activities      
Purchase of property and equipment   (827) (9)
Security deposit for facility lease (42) 55  
Net cash used in investing activities (42) (772) (9)
Cash flows from financing activities      
Proceeds from issuance of common stock in initial public offering, net of issuance costs   132,137  
Proceeds from issuance of convertible preferred stock, net of issuance costs   64,793 29,956
Proceeds from exercise of convertible preferred stock warrants   572  
Proceeds from issuance of common stock in connection with employee benefit plans 400 201 27
Net cash provided by financing activities 80,609 197,703 29,983
Net increase in cash and cash equivalents 11,503 157,278 12,884
Cash and cash equivalents at beginning of period 170,566 13,288 404
Cash and cash equivalents at end of period 182,069 170,566 13,288
Supplemental disclosure of noncash items      
Conversion of notes payable and accrued interest to preferred stock     4,588
Issuance of call options related to convertible preferred stock     $ 1,116
Conversion of preferred stock call option liability [Member]      
Supplemental disclosure of noncash items      
Conversion of liability to additional paid in capital   9,581  
Conversion of preferred stock warrant liability [Member]      
Supplemental disclosure of noncash items      
Conversion of liability to additional paid in capital   2,752  
Conversion of preferred stock to common stock [Member]      
Supplemental disclosure of noncash items      
Conversion to common stock and additional paid in capital   $ 122,290  
Secondary Offering [Member]      
Cash flows from financing activities      
Proceeds from issuance of common stock in public offering, net of issuance costs $ 80,209