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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net loss $ (45,498) $ (30,933) $ (15,282)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 1,782 817 286
Amortization of intangible assets 10 71 77
Amortization of investment discount 188 269 76
Equity-based compensation 8,388 9,624 3,828
Impairment loss 0 3 11
(Increase) decrease in assets:      
Accounts receivable 1 (54) 739
Prepaid expense and other (1,241) (166) (114)
Other current assets (12) 0 0
Increase (decrease) in liabilities:      
Accounts payable 329 1,336 205
Accrued liabilities 827 80 (356)
Deferred revenue and income 100 168 781
Net cash used in operating activities (35,126) (18,785) (9,749)
Cash flows from investing activities:      
Purchases of equipment (3,656) (1,933) (1,158)
Purchase of available-for-sale securities (12,418) (7,657) (12,014)
Sales of available-for-sale securities 141 861 0
Maturity of available-for-sale securities 13,258 5,357 0
Net cash used in investing activities (2,675) (3,372) (13,172)
Cash flows from financing activities:      
Exercise of warrants and options 805 923 20,969
Issuance of common stock and warrants 104,165 44,875 19,912
Payments on capital lease obligations (147) (107) 0
Net cash provided by financing activities 104,823 45,691 40,881
Increase in cash and cash equivalents 67,022 23,534 17,960
Cash and cash equivalents, beginning of period 53,563 30,029 12,069
Cash and cash equivalents, end of period $ 120,585 $ 53,563 $ 30,029