XML 15 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (85,462) $ (18,753)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 3,088 1,886
Depreciation expense 17 4
Non-cash interest expense   280
Change in fair value of warrant liability 1,182 454
Change in fair value of derivative liability   (289)
Change in fair value of contingent equity liability   3,375
Loss from equity method investment 728 218
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (5,270) (480)
Accounts payable 4,224 2,656
Accrued expenses (27) 2,991
Other long-term liabilities (13) 6
Net cash used in operating activities (81,533) (7,652)
Cash flows from investing activities:    
Purchases of property and equipment (357) (21)
Purchase of equity method investment (1,375) (1,624)
Net cash used in investing activities (1,732) (1,645)
Cash flows from financing activities:    
Proceeds from issuance of common shares 55,000  
Proceeds from issuance of Series A preferred shares   40,000
Payments of offering costs   (2,049)
Proceeds from exercise of stock options 1,003  
Net cash provided by financing activities 56,003 37,951
Net increase (decrease) in cash (27,262) 28,654
Cash at beginning of period 131,468 23,692
Cash at end of period 104,206 52,346
Supplemental disclosure of cash flow information:    
Cash paid for interest   25
Cash paid for income taxes 80  
Supplemental disclosure of non-cash investing and financing activities:    
Deferred offering costs included in accounts payable and accrued expenses $ 2,987 1,515
Deferred Series A offering costs included in accrued expenses   65
Beneficial conversion feature on Series A preferred shares   12,006
Accretion of beneficial conversion feature on Series A preferred shares   4,000
Issuance of Series A preferred shares as payment of offering costs   1,242
Issuance of common shares as payment of equity investment   $ 352