XML 28 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net income (loss) $ (15,752) $ 13,018 $ 12,032
Items not involving cash:      
Depreciation and amortization 1,038 738 705
Gain on write-off of assets     (11)
Stock-based compensation 3,729 760 575
Non-cash compensation on issuance of subscription rights     73
Deferred tenant inducements (63) (66) (115)
Unrealized foreign exchange loss 6,902 72 94
Changes in operating assets and liabilities:      
Accounts receivable (107) 209 (76)
Prepaid expenses, and other current assets (1,214) (573) (14)
Prepaid expenses, long term (1,094)    
Accounts payable and accrued expenses 80 518 (228)
Deferred revenue (11,622) (14,410) (16,357)
Net cash provided by (used in) operating activities (18,103) 266 (3,322)
Investing activities:      
Purchases of property, plant and equipment (551) (1,529) (156)
Sale of property, plant and equipment     10
Purchase of marketable securities   (15,254) (17,876)
Proceeds from marketable securities 10,745 13,539 6,550
Net cash provided by (used in) investing activities 10,194 (3,244) (11,472)
Financing activities:      
Note payable     (1,701)
Deferred financing fees   (1,533) (2,739)
Proceeds from issuance of common shares 278 42,657 49
Net cash provided by (used in) financing activities 278 41,124 (4,391)
Effect of exchange rate changes on cash and cash equivalents (5,744) (4,070) (3,027)
Increase (decrease) in cash and cash equivalents (13,375) 34,076 (22,212)
Cash and cash equivalents, beginning of year 72,026 37,950 60,162
Cash and cash equivalents, end of year 58,651 72,026 37,950
Supplemental disclosures:      
Interest paid     201
Interest received 659 574 279
Supplemental disclosures of non-cash transactions:      
Issuance of common shares on conversion of subscription rights   124 $ 45
Financing fees included in accounts payable and accrued liabilities   39  
Fair value of options exercised on a cashless basis $ 744    
Conversion of convertible preferred shares into common shares   $ 102,488