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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (30,657) $ (32,940)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,045 1,147
Amortization of intangible assets 6 5
Amortization of investment discount 219 123
Equity-based compensation 7,450 3,921
Loss on disposal of property & equipment 5 0
(Increase) decrease in assets:    
Accounts receivable (648) (92)
Inventory (5,537) 0
Prepaid expense and other (624) 272
Other current assets (313) (1,220)
Increase (decrease) in liabilities:    
Accounts payable 528 (394)
Accrued liabilities 392 1,175
Deferred revenue and income 43 (84)
Net cash used in operating activities (28,091) (28,087)
Cash flows from investing activities:    
Purchases of equipment (1,643) (2,084)
Purchases of available-for-sale securities (39,342) (63,534)
Sales of available-for-sale securities 6,522 1,000
Maturity of available-for-sale securities 18,449 9,380
Net cash used in investing activities (16,014) (55,238)
Cash flows from financing activities:    
Issuance of common stock net issuance costs 83,854 0
Exercise of options and warrants 3,418 95
Common stock issuance costs 0 (814)
Payments on capital lease obligations 0 (13)
Recovery of related party short-swing profits 0 991
Net cash provided by financing activities 87,272 259
Effect of exchange rate on cash: 198 0
Increase (decrease) in cash and cash equivalents 43,365 (83,066)
Cash and cash equivalents, beginning of period 19,244 120,585
Cash and cash equivalents, end of period $ 62,609 $ 37,519