XML 17 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (27,961) $ (13,368)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 467 372
Stock-based compensation 769 556
Accretion on asset retirement obligation 9 9
Change in fair value of warrant liabilities 15,231  
Loss on disposal of property and equipment 6 2
Inventory lower of cost or market adjustment   235
Amortization of debt discount and interest accrual 785 462
Changes in operating assets and liabilities:    
Accounts receivable 928 830
Inventory (2,134) (4,261)
Deposits on purchased inventory (1,951) 384
Deferred cost of revenue (2,341) 4,887
Prepaid expenses and other assets (1,675) (43)
Accounts payable 560 1,957
Accrued expenses and other long-term liabilities (138) 504
Customer deposits and deferred revenue 5,481 (3,016)
Net cash used in operating activities (11,964) (10,490)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (319) (4,456)
Net cash used in investing activities (319) (4,456)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from common stock private placement, gross 26,100  
Payment of offering costs related to common stock private placement (210)  
Proceeds from the exercise of stock options 2 8
Net cash provided by financing activities 47,386 8
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 35,103 (14,938)
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD 14,198 20,667
CASH AND CASH EQUIVALENTS — END OF PERIOD 49,301 5,729
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 951 621
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Purchase of property and equipment in accounts payable and accrued expenses 135 932
Transfer of property and equipment from inventory   $ 1,728
Offering cost in accounts payable and accrued expenses 394  
At The Market Offering Program [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from at-the-market offering of common stock, gross 21,921  
Payment of offering costs related to at-the-market offering of common stock $ (427)