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Condensed Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows from Operating Activities:    
Net loss $ (26,724) $ (12,136)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,086 994
Depreciation and amortization expense 135 106
Amortization of investment premiums 149  
Issuance of common stock for services rendered 62 18
Other (8) 41
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (228) (199)
Accounts payable, accrued expenses, and other liabilities 2,718 (1,499)
Net cash used in operating activities (21,810) (12,675)
Cash Flows from Investing Activities:    
Purchases of available-for-sale securities (2,619)  
Maturities of available-for-sale securities 2,000  
Purchases of property and equipment (891) (4)
Net cash used in investing activities (1,510) (4)
Cash Flows from Financing Activities:    
Proceeds from equity financings 37,137 40,538
Proceeds from issuance of note payable 850  
Dividends paid (582) (1,067)
Proceeds from exercise of common stock warrants and options and employee stock purchases 8,132 1,864
Payments on capital lease (4) (3)
Net cash provided by financing activities 45,533 41,332
Net increase in cash and cash equivalents 22,213 28,653
Cash and cash equivalents, beginning of period 26,278 10,096
Cash and cash equivalents, end of period $ 48,491 $ 38,749