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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net loss $ (56,515) $ (59,881) $ (65,984)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation 3,845 5,674 10,720
Warrant liability revaluation expense 598    
Future tranche right liability revaluation expense 10,964    
Issuance of common stock for services rendered 129 97 150
Accretion of discounts and premiums on investments (372)   94
Depreciation and amortization expense 120 432 746
(Gain) Loss on disposal or impairment of property and equipment (10) 477  
Changes in operating assets and liabilities:      
Prepaid expenses and other assets (2,160) 2,717 (1,962)
Accounts payable, accrued expenses, and other liabilities (1,105) (866) 1,674
Deferred revenue   (566) (697)
Other 8    
Net cash used in operating activities (44,498) (51,916) (55,259)
Cash Flows from Investing Activities:      
Purchases of available-for-sale securities (44,502)    
Proceeds from maturity of available-for-sale securities 42,100   28,270
Proceeds from the sale of property and equipment 11 290  
Purchases of property and equipment (11) (75) (206)
Net cash (used in) provided by investing activities (2,402) 215 28,064
Cash Flows from Financing Activities:      
Proceeds from private placement 10,072    
Proceeds from common stock financings, net 5,298   53,763
Proceeds from employee stock purchases 121 243 253
Proceeds from exercise of common stock options and warrants 3 10,166 5,444
Payments on note payable   (209) (292)
Payments on capital leases (6)    
Payments on capital leases   (8) (11)
Net cash provided by financing activities 15,488 10,192 59,157
Net (decrease) increase in cash, cash equivalents and restricted cash (31,412) (41,509) 31,962
Cash, cash equivalents and restricted cash, beginning of period 71,431 112,940 80,978
Cash, cash equivalents and restricted cash, end of period 40,019 71,431 112,940
Supplemental disclosure of cash flow information:      
Cash paid for interest   9 42
Increase to right-of-use asset at adoption of ASC 842 and upon lease reassessment 1,236    
Increase to lease liability at adoption of ASC 842 and upon lease reassessment 1,236    
Supplemental disclosure of non-cash financing and investing activities:      
Non-cash property additions     150
Accrued financing transaction costs $ 165 $ 101 $ 17