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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (15,074,000) $ (8,897,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 542,000 326,000
Amortization of intangible assets 3,000 2,000
Amortization of investment discount 37,000 47,000
Equity-based compensation 1,686,000 1,657,000
(Increase) in assets:    
Accounts receivable 0 (14,000)
Prepaid expense and other (518,000) (104,000)
Other current assets (1,212,000) (647,000)
Increase (decrease) in liabilities:    
Accounts payable 494,000 166,000
Accrued liabilities 906,000 501,000
Deferred revenue and income (69,000) 0
Net cash used in operating activities (13,205,000) (6,963,000)
Cash flows from investing activities:    
Purchases of equipment (1,681,000) (1,198,000)
Purchase of available-for-sale securities (36,718,000) (4,503,000)
Sales of available-for-sale securities 500,000 107,000
Maturity of available-for-sale securities 3,400,000 6,355,000
Net cash provided by (used in) investing activities (34,499,000) 761,000
Cash flows from financing activities:    
Exercise of warrants and options 28,000 66,000
Common stock issuance costs (814,000) 0
Payments on capital lease obligations (13,000) (36,000)
Net cash provided by (used in) financing activities (799,000) 30,000
Effect of exchange rate on cash (49,000) 0
Decrease in cash and cash equivalents (48,552,000) (6,172,000)
Cash and cash equivalents, beginning of period 120,585,000 53,563,000
Cash and cash equivalents, end of period $ 72,033,000 $ 47,391,000