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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net loss $ (59,668) $ (26,458) $ (10,819)
Adjustments to reconcile net loss to net cash used in operating activities:      
Amortization of discount on investments 51 660 0
Depreciation and amortization 1,630 166 35
Stock-based compensation 2,004 1,291 515
Accretion of asset retirement obligation 106 136 0
Change in fair value of contingent acquisition consideration payable 102 131 0
Other 71 0 (9)
Changes in operating assets and liabilities:      
Additions to restricted cash (90) (3,610) 0
Prepaid expenses and other current assets 1,085 (3,188) (300)
Other assets 27 (195) (36)
Accounts payable (671) 628 857
Accrued liabilities 4,815 2,634 1,683
Deferred rent 1,522 290 5
Net cash used in operating activities (49,016) (27,515) (8,069)
Cash flows from investing activities:      
Cash acquired from acquisition 0 142 0
Proceeds from sales of property and equipment 16 0 0
Purchases of property and equipment (16,651) (1,686) (125)
Proceeds from sales and maturities of marketable securities 58,624 32,792 0
Purchases of marketable securities (104,037) (40,124) (16,539)
Net cash used in investing activities (62,048) (8,876) (16,664)
Cash flows from financing activities:      
Proceeds from exercise of stock options 157 70 0
Proceeds from issuance of common stock from initial public offering, net of offering costs 75,208 0 0
Net cash provided by financing activities 75,365 62,850 57,386
Net (decrease) increase in cash and cash equivalents (35,699) 26,459 32,653
Cash and cash equivalents at beginning of period 72,058 45,599 12,946
Cash and cash equivalents at end of period 36,359 72,058 45,599
Noncash investing and financing activities:      
Change in accounts payable, accrued liabilities and facility lease obligations related to property and equipment purchases 927 1,140 65
Conversion of redeemable convertible preferred stock to common stock at closing of initial public offering 135,750 0 0
Deferred financing costs for initial public offering 2,333 0 0
Preferred stock issuance costs 0 140 (120)
Issuance of common stock in exchange for license 0 128 0
Convertible Preferred Stock, Series A      
Cash flows from financing activities:      
Proceeds from issuance of convertible preferred stock, net of issuance costs 0 0 14,998
Convertible Preferred Stock, Series B      
Cash flows from financing activities:      
Proceeds from issuance of convertible preferred stock, net of issuance costs 0 0 42,388
Convertible Preferred Stock, Series C      
Cash flows from financing activities:      
Proceeds from issuance of convertible preferred stock, net of issuance costs 0 62,780 0
Cardiogen Sciences, Inc      
Noncash investing and financing activities:      
Net assets acquired and stock issued for the Cardiogen acquisition $ 0 $ 8,513 $ 0