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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net loss $ (7,517) $ (3,263)
Items not involving cash:    
Depreciation and amortization 165 282
Stock-based compensation 478 592
Unrealized foreign exchange gain (326) (2,260)
Changes in operating assets and liabilities:    
Accounts receivable 11 (60)
Prepaid expenses, and other current assets 404 82
Prepaid expenses, long term 139  
Accounts payable and accrued expenses 186 (160)
Deferred revenue   (157)
Net cash used in operating activities (6,460) (4,944)
Investing activities:    
Purchases of property, plant and equipment (137) (83)
Proceeds from marketable securities 9,384  
Net cash provided by (used in) investing activities 9,247 (83)
Financing activities:    
Issuance of common shares pursuant to exercise of stock options 174 44
Net cash provided by financing activities 174 44
Effect of exchange rate changes on cash and cash equivalents 104 2,396
Increase (decrease) in cash and cash equivalents 3,065 (2,587)
Cash and cash equivalents, beginning of period 17,095 58,651
Cash and cash equivalents, end of period 20,160 56,064
Supplemental disclosures:    
Interest received 55 $ 112
Supplemental disclosures of non-cash transactions:    
Fair value of options exercised on a cashless basis $ 19