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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (100,108) $ (38,065)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 10,805 2,167
Depreciation expense 21 2
Non-cash interest expense 784 93
Fair value of warrants issued as consideration for license agreement   2,127
Change in fair value of warrant liability 5,509 (2)
Change in fair value of derivative liability (512) 105
Change in fair value of contingent equity liability 13,082 13,125
Loss from equity method investment 1,204 75
Non-cash amortization of fair value of warrant issued as consideration for service 29  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (3,282) (484)
Deferred tax assets 9  
Accounts payable 7,978 982
Accrued expenses 10,371 6,426
Other long-term liabilities 62  
Net cash used in operating activities (54,048) (13,449)
Cash flows from investing activities:    
Purchases of property and equipment (253) (5)
Purchase of equity method investment (2,999) (3,000)
Decrease in restricted cash 127  
Net cash used in investing activities (3,125) (3,005)
Cash flows from financing activities:    
Proceeds from issuance of common shares   11,399
Proceeds from issuance of common shares upon completion of initial public offering, net of underwriting commissions and discounts 179,996  
Proceeds from issuance of Series A preferred shares 40,000  
Payments of related party notes payable (595)  
Proceeds from borrowings   5,000
Repayment of notes payable (5,000)  
Payments of offering costs (5,039) (238)
Net cash provided by financing activities 209,362 16,161
Net increase in cash 152,189 (293)
Cash at beginning of period 23,565 1,460
Cash at end of period 175,754 1,167
Supplemental disclosure of cash flow information:    
Cash paid for interest 122  
Cash paid for income taxes 450  
Supplemental disclosure of non-cash investing and financing activities:    
Deferred offering costs included in accounts payable and accrued expenses 29 71
Debt issuance costs included in accrued expenses   26
Issuance of warrants to guarantor and co-guarantor of notes payable   $ 934
Beneficial conversion feature on Series A preferred shares 12,006  
Accretion of beneficial conversion feature on Series A preferred shares 12,006  
Issuance of Series A preferred shares as payment of offering costs 1,242  
Issuance of common shares as payment of equity investment 352  
Issuance of common share warrant as consideration for services 93  
Exercise of stock options 255  
Purchases of property and equipment included in accounts payable $ 9