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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net loss $ (31,841) $ (29,685)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,428 2,974
Amortization of premium on investment securities 761  
Gain on sales of property and equipment   (5)
Impairment of assets 20  
Non-cash interest accrual 237  
Gain on investments (112)  
Stock based compensation 5,292 2,740
Loss from changes in fair value of warrants 306 3,925
Loss from change in fair value of long term debt   2,122
Provision for doubtful accounts 479 119
Changes in operating assets and liabilities    
Accounts receivable (789) 549
Inventory (800) (3,091)
Prepaid expenses and other current assets (296) (2,223)
Restricted cash (32) (262)
Other assets (532) (337)
Accounts payable 2,150 2,678
Accrued compensation 543 1,031
Other accrued liabilities (156) 3,683
Deferred revenue 188 (78)
Deferred rent 1,964  
Net cash used in operating activities (20,190) (15,860)
Investing Activities    
Purchases of investments (30,118)  
Proceeds from sale of investments 16,766  
Proceeds from maturity of investments 18,000  
Proceeds from sale of property and equipment 225  
Purchases of property and equipment, net (7,311) (6,037)
Net cash used in investing activities (2,438) (6,037)
Financing Activities    
Proceeds from issuance of common stock, net of issuance costs 970 315
Proceeds from exercise of stock options 2,268  
Borrowings under credit facility 8,000  
Repayment under credit facility (1,000)  
Proceeds from issuance of preferred stock, net   (27)
Costs paid for loan   (6)
Repayments of equipment financing   (1,170)
Proceeds from collection of officer receivable   192
Deferred offering costs   (2,340)
Net cash provided by (used in) financing activities 10,238 (3,036)
Net decrease in cash (12,390) (24,933)
Cash at beginning of period 28,947 87,176
Cash at end of period $ 16,557 $ 62,243