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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 $ (20,563) $ (8,517) $ (5,236)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation expense 90 12 11
Stock-based compensation expense 891 27  
Deferred rent, amortization of deferred credits (5)    
Deferred rent, amortization of deferred charges   1 3
Write-down of property and equipment held for sale 289    
Changes in operating assets and liabilities:      
Prepaid expenses and other assets (1,269) (152) 7
Accounts payable (359) 819 303
Accrued expenses 557 174 (8)
Net cash used in operating activities (20,369) (7,636) (4,920)
Cash flows from investing activities:      
Purchases of property and equipment (507) (417)  
Purchases of marketable securities (82,513) (5,035) (4,535)
Proceeds from sales and maturities of marketable securities 6,069 3,673  
Net cash used in investing activities (76,951) (1,779) (4,535)
Cash flows from financing activities:      
Proceeds from issuance of convertible preferred stock, net of issuance costs 39,864 10,584  
Proceeds from initial public offering, net of offering costs 56,550    
Net cash provided by financing activities 96,414 10,584  
Net (decrease) increase in cash and cash equivalents (906) 1,169 (9,455)
Cash and cash equivalents at beginning of period 10,757 9,588 19,043
Cash and cash equivalents at end of period 9,851 10,757 9,588
Supplemental disclosures of non-cash investing and financing activities:      
Additions to property and equipment purchases included in accounts payable 2 91  
Accretion of convertible preferred stock to redemption value $ 1,764 2,054 $ 1,740
Fair value of preferred stock purchased put option on date of issuance   $ 1,039