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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (66,135,000) $ (47,733,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,734,000 1,595,000
Amortization of intangible assets 15,000 9,000
Amortization of investment discount (413,000) 298,000
Equity-based compensation 12,476,000 10,970,000
Amortization of debt discount and issuance costs 4,529,000 0
Loss on disposal of property and equipment 540,000 3,000
(Increase) decrease in assets:    
Accounts receivable 506,000 (1,077,000)
Inventory (5,206,000) (7,079,000)
Prepaid expense and other 55,000 (392,000)
Other current assets (26,000) (277,000)
Other non-current assets (241,000) 0
Increase (decrease) in liabilities:    
Accounts payable (524,000) 359,000
Accrued liabilities (18,000) 780,000
Accrued interest 191,000 0
Deferred revenue and income (918,000) 46,000
Deferred compensation 5,000 0
Net cash used in operating activities (53,430,000) (42,498,000)
Cash flows from investing activities:    
Purchases of equipment (842,000) (2,055,000)
Purchases of available-for-sale securities (115,634,000) (68,423,000)
Sales of available-for-sale securities 3,000,000 9,522,000
Maturity of available-for-sale securities 74,496,000 30,049,000
Net cash used in investing activities (38,980,000) (30,907,000)
Cash flows from financing activities:    
Issuance of common stock net of issuance costs 447,000 83,741,000
Exercise of options and warrants 3,710,000 4,562,000
Proceeds from issuance of convertible note 171,500,000 0
Prepayment of forward stock repurchase transaction (45,069,000) 0
Payment of debt issuance costs (4,992,000) 0
Net cash provided by financing activities 125,596,000 88,303,000
Effect of exchange rate on cash (77,000) 289,000
Increase in cash and cash equivalents 33,109,000 15,187,000
Cash and cash equivalents, beginning of period 28,513,000 19,244,000
Cash and cash equivalents, end of period 61,622,000 34,431,000
Non-cash investing activities:    
Transfer of instruments from inventory to property and equipment 4,061,000 0
Interest paid 2,001,000 0
Income taxes paid $ 435,000 $ 0