XML 16 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net loss $ (8,685) $ (10,004)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,194 1,641
Amortization of premium on investment securities 364  
Gain on investments (84)  
Impairment of assets 20  
Stock based compensation 2,396 1,147
(Gain)/loss from changes in fair value of warrants (510) 963
Loss from change in fair value of long term debt   1,800
Provision for doubtful accounts 234 91
Changes in operating assets and liabilities    
Accounts receivable (478) 463
Inventory 1,404 (1,780)
Prepaid expenses and other current assets 1,410 (1,304)
Restricted cash (79) (34)
Other assets (561) (221)
Accounts payable 1,825 5,718
Accrued compensation 347 (435)
Other accrued liabilities 1,603 (455)
Deferred revenue 71 (81)
Net cash provided by (used in) operating activities 471 (2,491)
Investing Activities    
Purchases of investments (14,079)  
Proceeds from sale of investments 10,599  
Proceeds from maturity of investments 10,000  
Proceeds from sale of property and equipment 225  
Purchases of property and equipment, net (3,484) (3,749)
Net cash provided by (used in) investing activities 3,261 (3,749)
Financing Activities    
Proceeds from issuance of common stock, net of issuance costs   106
Proceeds from exercise of stock options 1,306  
Proceeds from issuance of preferred stock, net   (27)
Costs paid for loan   (6)
Repayments of equipment financing   (585)
Deferred offering costs   (76)
Net cash provided by (used in) financing activities 1,306 (588)
Net increase (decrease) in cash 5,038 (6,828)
Cash at beginning of period 28,947 87,176
Cash at end of period $ 33,985 $ 80,348