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Statement of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Collaboration revenue $ 3,308 $ 4,937 $ 11,858 $ 12,397
Operating Expenses [Abstract]        
Research and development 10,309 6,481 29,526 18,459
General and administrative 3,370 2,475 9,789 6,752
Total operating expenses 13,679 8,956 39,315 25,211
Operating loss (10,371) (4,019) (27,457) (12,814)
Other expense, net        
Interest income 1,171 102 2,069 175
Other expense, net 99   435 9,750
Total other income (expense) 1,072 102 1,634 (9,575)
Loss before income taxes (9,299) (3,917) (25,823) (22,389)
Income tax benefit 303   303  
Net loss (8,996) (3,917) (25,520) (22,389)
Other comprehensive loss        
Net unrealized gain on available-for-sale-securities, net of tax expense of $570 for the three and nine months ended September 30, 2016 570 58 881 38
Total other comprehensive gain 570 58 881 38
Comprehensive loss (8,426) (3,859) (24,639) (22,351)
Reconciliation of net loss to net loss attributable to common stockholder:        
Accretion of redeemable convertible preferred stock to redemption value   (2,594)   (6,045)
Accrued dividends on series A preferred stock   (403)   (1,039)
Net loss attributable to common stockholders $ (8,996) $ (6,914) $ (25,520) $ (29,473)
Net loss per share attributable to common stock, basic and diluted $ (0.35) $ (5.25) $ (1.01) $ (25.36)
Weighted-average common shares outstanding, basic and diluted 25,374,381 1,317,150 25,227,058 1,161,982