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Unaudited Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net loss $ (33,964) $ (21,463)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 107 90
Non-cash interest expense (debt discount and deferred costs) 87 53
Change in fair value of derivatives 304  
Stock-based compensation expense 1,780 786
Changes in assets and liabilities:    
Prepaid expenses and other current assets 432 317
Inventory (329)  
Deposits and other assets 68 (4)
Accounts payable 4,095 1,118
Accrued expenses and other current liabilities (195) 1,614
Accrued interest (200) 260
Deferred rent 18 1
Net cash used in operating activities (27,797) (17,228)
Cash flows from investing activities    
Capital expenditures (452) (123)
Purchase of marketable securities (9,176)  
Net cash used in investing activities (9,628) (123)
Cash flows from financing activities    
Sale of Series E convertible preferred stock, net of costs   10,642
Proceeds from issuance of common stock, net of issuance costs 45,737  
Proceeds from exercise of stock options 65 20
Proceeds from notes payable 17,500  
Repayments of notes payable (12,500)  
Deferred financing costs and discount of notes payable (820)  
Net cash provided by financing activities 49,982 10,662
Net increase (decrease) in cash and cash equivalents 12,557 (6,689)
Cash and cash equivalents, at beginning of period 3,939 18,923
Cash and cash equivalents, at end of period $ 16,496 $ 12,234