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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net loss $ (66,374) $ (45,498) $ (30,933)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 2,340 1,782 817
Amortization of intangible assets 11 10 71
Amortization of investment discount 374 188 269
Equity-based compensation 8,775 8,388 9,624
Impairment loss 0 0 3
Realized gain on available-for-sale securities (6) 0 0
Loss on disposal of property & equipment 23 0 0
(Increase) decrease in assets:      
Accounts receivable 43 1 (54)
Prepaid expense and other 1,292 (1,241) (166)
Other current assets (171) (12) 0
Increase (decrease) in liabilities:      
Accounts payable (1,242) 329 1,336
Accrued liabilities 1,619 827 80
Deferred revenue and income (92) 100 168
Net cash used in operating activities (53,408) (35,126) (18,785)
Cash flows from investing activities:      
Purchases of equipment (2,409) (3,656) (1,933)
Purchase of available-for-sale securities (74,075) (12,418) (7,657)
Sales of available-for-sale securities 9,716 141 861
Maturity of available-for-sale securities 17,200 13,258 5,357
Net cash used in investing activities (49,568) (2,675) (3,372)
Cash flows from financing activities:      
Exercise of warrants and options 1,497 805 923
Common stock issuance cost (814) 0 0
Issuance of common stock and warrants 226 104,165 44,875
Recovery of related party short-swing profits 866 0 0
Payments on capital lease obligations (13) (147) (107)
Net cash provided by financing activities 1,762 104,823 45,691
Effect of exchange rate on cash (127) 0 0
Increase (decrease) in cash and cash equivalents (101,341) 67,022 23,534
Cash and cash equivalents, beginning of period 120,585 53,563 30,029
Cash and cash equivalents, end of period $ 19,244 $ 120,585 $ 53,563