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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
10 Months Ended 12 Months Ended
Dec. 31, 2014
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net loss $ (8,010,860) $ (39,493,123) $ (29,141,630)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation expense 11,997 277,231 49,881
Stock-based compensation expense 1,462,061 6,572,963 6,597,359
Amortization of premium on investments 0 16,161 9,523
Other non-cash items 55,221 3,434 4,123
Changes in operating assets and liabilities:      
Restricted cash (126,808) 240 (27)
Accounts receivable 0 (12,181) 0
Inventory 0 (454,132) 0
Prepaid expenses and other current assets (370,396) (17,409) (538,178)
Other assets (50,000) (64,800) 100,103
Accounts payable 254,253 309,437 621,393
Accrued expenses and other current liabilities 220,375 746,879 1,570,216
Deferred revenue 0 88,344 0
Deferred rent 57,849 (9,475) (18,881)
Other long term liabilities 15,442 (15,442) 0
Net cash used in operating activities (6,480,866) (32,051,873) (20,746,118)
Investing activities      
Purchases of marketable securities 0 (38,682,081) (39,397,769)
Proceeds from maturities and sales of marketable securities 0 26,995,324 12,398,295
Purchases of property and equipment (76,141) (559,378) (265,617)
Proceeds from sales of property and equipment 0 5,255 0
Net cash used in investing activities (76,141) (12,240,880) (27,265,091)
Financing activities      
Proceeds from initial public offering, net of offering costs 0 0 80,435,430
Proceeds from sale of restricted common stock to founders 2,321 0 0
Proceeds from exercise of common stock   22,098 8,321
Proceeds from early exercise of common stock 8,138 0 400,000
Deferred IPO issuance costs (575,245) 0 0
Net cash provided by financing activities 40,411,160 22,098 80,843,751
Net (decrease) increase in cash and cash equivalents 33,854,153 (44,270,655) 32,832,542
Cash and cash equivalents at beginning of period   66,686,695 33,854,153
Cash and cash equivalents at end of period 33,854,153 22,416,040 66,686,695
Supplemental cash flow information      
Property and equipment purchases included in accounts payable and accrued expense 21,000 7,100 106,680
IPO issuance costs paid in cash through December 31, 2014 0 0 575,245
IPO issuance costs included in accounts payable and accrued expenses 499,549 0 0
Issuance of Series A convertible preferred stock in satisfaction of accounts payable 55,221 0 0
Series A Preferred Stock      
Financing activities      
Proceeds from issuance of convertible preferred stock, net of issuance costs 15,581,811 0 0
Series B Preferred Stock      
Financing activities      
Proceeds from issuance of convertible preferred stock, net of issuance costs $ 25,394,135 $ 0 $ 0