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CONSOLIDATED STATEMENT OF CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY (DEFICIT) - 3 months ended Mar. 31, 2017 - USD ($)
$ in Thousands
Series A Convertible Preferred Shares
Common Shares
Additional Paid-in Capital
Accumulated Deficit
Total
Balance, beginning of period at Dec. 31, 2016 $ 43,270       $ 43,270
Balance, beginning of period (in shares) at Dec. 31, 2016 4,948,369        
Increase (decrease) in temporary equity          
Issuance of Series A preferred shares, net offering costs of $1364 $ 38,636        
Issuance of Series A preferred shares, net offering costs of $1364 (in shares) 4,305,182        
Issuance of Series A preferred shares as payment of offering costs 105,009        
Beneficial conversion feature on Series A preferred shares $ (12,006)        
Accretion of beneficial conversion feature on Series A preferred shares 4,000        
Balance, end of period at Mar. 31, 2017 $ 73,900       73,900
Balance, end of period (in shares) at Mar. 31, 2017 9,358,560        
Balances at Dec. 31, 2016   $ 19,944 $ 10,479 $ (75,456) (45,033)
Balances (in shares) at Dec. 31, 2016   13,088,500      
Increase (Decrease) in Stockholders' Equity          
Issuance of common shares as payment for equity investment (Note 5)   $ 352     352
Issuance of common shares as payment for equity investment (Note 5) (in shares)   32,500      
Beneficial conversion feature on Series A preferred shares     12,006   12,006
Accretion of beneficial conversion feature on series A preferred shares $ 4,000   (4,000)   (4,000)
Share-based compensation expense     1,886   1,886
Net Loss       (18,753) (18,753)
Balances at Mar. 31, 2017   $ 20,296 $ 20,371 $ (94,209) $ (53,542)
Balances (in shares) at Mar. 31, 2017   13,121,000