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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net loss $ (44,037) $ (30,657)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,072 1,045
Amortization of intangible assets 10 6
Amortization of investment discount (146) 219
Equity-based compensation 9,011 7,450
Amortization of debt discount and issuance costs 2,273 0
Loss on disposal of property and equipment 266 5
(Increase) decrease in assets:    
Accounts receivable 123 (648)
Inventory (4,334) (5,537)
Prepaid expense and other (444) (624)
Other current assets (175) (313)
Other non-current assets (78) 0
Increase (decrease) in liabilities:    
Accounts payable 206 528
Accrued liabilities 661 392
Increase (Decrease) in Interest Payable, Net 1,105 0
Deferred revenue and income (935) 43
Deferred compensation 5 0
Net cash used in operating activities (35,417) (28,091)
Cash flows from investing activities:    
Purchases of equipment (702) (1,643)
Purchases of available-for-sale securities (91,272) (39,342)
Sales of available-for-sale securities 3,000 6,522
Maturity of available-for-sale securities 38,272 18,449
Net cash used in investing activities (50,702) (16,014)
Cash flows from financing activities:    
Issuance of common stock net of issuance costs 276 83,854
Exercise of options and warrants 2,757 3,418
Proceeds from issuance of convertible note 171,499 0
Prepayment of forward stock repurchase transaction (45,069) 0
Payment of debt issuance costs (4,991) 0
Net cash provided by financing activities 124,472 87,272
Effect of exchange rate on cash: (56) 198
Increase in cash and cash equivalents 38,297 43,365
Cash and cash equivalents, beginning of period 28,513 19,244
Cash and cash equivalents, end of period 66,810 62,609
Non-cash investing activities:    
Transfer of instruments from inventory to property and equipment $ 1,196 $ 0