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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:    
Net loss $ (36,126) $ (36,528)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 3,127 7,542
Issuance of common stock for services rendered 45 74
Accretion of discounts and premiums on investments   92
Depreciation and amortization expense 321 368
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 69 (2,179)
Accounts payable, accrued expenses, and other liabilities 4,243 (779)
Deferred revenue (331) (465)
Net cash used in operating activities (28,652) (31,875)
Cash Flows from Investing Activities:    
Proceeds from maturity of available-for-sale securities   25,695
Purchases of property and equipment (42) (100)
Net cash (used in) provided by investing activities (42) 25,595
Cash Flows from Financing Activities:    
Proceeds from employee stock purchases 159 115
Proceeds from exercise of common stock options and warrants 10,166 304
Payments on note payable (209) (142)
Payments on capital lease (5) (5)
Net cash provided by financing activities 10,111 272
Net decrease in cash, cash equivalents and restricted cash (18,583) (6,008)
Cash, cash equivalents and restricted cash, beginning of period 112,940 80,978
Cash, cash equivalents and restricted cash, end of period $ 94,357 $ 74,970