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Condensed Consolidated Statements of Cash Flows
$ in Thousands
9 Months Ended
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Operating activities    
Net loss $ (36,521) $ (55,162)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of property and equipment 1,212 1,251
Amortization of financing costs 4,396 3,299
Noncash interest expense 6,206 9,083
Share-based compensation expense 3,365 4,596
Costs associated with aborted 2015 IPO   3,978
Change in fair value of derivative liabilities 662 (443)
Gain on sale of property and equipment (121)  
Changes in:    
Accounts receivable (187) (810)
Other receivables 367 (156)
Inventories 665 (903)
Deferred cost of goods sold (4) (65)
Prepaid expense and other current assets (89) 552
Other assets 126 9
Accounts payable (4,535) 3,555
Accrued expense 451 283
Deferred revenue 73 206
Deferred rent liability (53) (39)
Net cash used in operating activities (23,987) (30,766)
Investing activities    
Proceeds from sale of property and equipment 121  
Acquisition of property and equipment (171) (921)
Net cash used in investing activities (50) (921)
Financing activities    
Repayment of capital lease (26) (115)
Investor capital contributions   17,982
Proceeds from issuance of private company Series AB Preferred Stock 5,819 3,016
Proceeds from issuance of common stock 25,395  
Costs associated with investor capital contributions   (173)
Debt restructuring costs (355)  
Offering costs (1,431) (2,418)
Proceeds from exercise of warrants by a related party 7,375  
Net cash provided by financing activities 36,777 18,292
Net (decrease)/ increase in cash and cash equivalents 12,740 (13,395)
Cash and cash equivalents-beginning of period 2,789 20,944
Cash and cash equivalents-end of period 15,529 7,549
Supplemental disclosures of cash flow information    
Interest paid 0 $ 0
Reclassification of derivative liability upon exercise of warrants 1,557  
Cancellation of derivative liability 3,036  
Issuance of derivative liabilities for PPO warrants 226  
Conversion of interest and fees and write off of remaining debt discounts 17,934  
Issuance of Series AB Preferred Stock warrants $ 4,000