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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net loss $ (24,231) $ (22,006)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 53 54
Stock-based compensation expense 2,363 1,988
Changes in assets and liabilities    
Prepaid expenses and other assets (255) (1,456)
Accounts payable (293) (657)
Accrued liabilities and other liabilities 1,314 1,553
Net cash used in operating activities (21,049) (20,524)
Cash flows from investing activities    
Purchase of property and equipment (90) (5)
Net cash used in investing activities (90) (5)
Cash flows from financing activities    
Proceeds from issuance of common stock in follow-on offering, net of issuance costs   80,208
Proceeds from issuance of common stock in connection with employee benefit plans 3 16
Net cash provided by financing activities 3 80,224
Net increase (decrease) in cash and cash equivalents (21,136) 59,695
Cash and cash equivalents at beginning of period 182,069 170,566
Cash and cash equivalents at end of period $ 160,933 $ 230,261