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Description of Business and Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2018
Summary Of Significant Accounting Policies [Line Items]  
Schedule of Potentially Dilutive Common Stock Equivalent Securities

The computation of basic and diluted net loss per share for the three months ended March 31, 2018 and 2017 excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive:

 

 

 

Three months ended March 31,

 

 

 

2018

 

 

2017

 

Vesting of restricted stock units

 

 

1,073,036

 

 

 

709,004

 

Conversion of convertible notes into common stock

 

 

14,154,500

 

 

 

814,561

 

Conversion of convertible related party notes into common

   stock

 

 

18,743,500

 

 

 

 

Exercise of common stock warrants

 

 

31,856

 

 

 

9,740,597

 

Employee stock purchase plan

 

 

111,020

 

 

 

31,459

 

Exercise of common stock options

 

 

7,212,239

 

 

 

5,941,408

 

 

 

 

41,326,151

 

 

 

17,237,029

 

 

Accounting Standards Update 2014-09  
Summary Of Significant Accounting Policies [Line Items]  
Schedule of Cumulative Effect of Changes to Condensed Consolidated Balance Sheet for Adoption of New Revenue Guidance

The cumulative effect of the changes made to the condensed consolidated January 1, 2018 balance sheet for the adoption of the new revenue guidance were as follows (in thousands):

 

 

 

Balance at December 31, 2017

 

 

Adjustments due to new revenue guidance

 

 

 

Balance at January 1, 2018

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable, net

 

$

2,789

 

 

$

(111

)

(1)

 

$

2,678

 

Deferred costs from commercial product sales

 

 

405

 

 

 

(405

)

(2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses and other current liabilities

 

$

12,449

 

 

$

649

 

(3)

 

$

13,098

 

Deferred revenue, net

 

 

3,038

 

 

 

(3,038

)

(4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated deficit

 

$

(2,854,898

)

 

$

1,873

 

(5)

 

$

(2,853,025

)

 

 

(1)

To establish a reserve for product returns

 

(2)

To eliminate deferred costs from commercial product sales previously required by the sell-through method

 

(3)

To record additional accrual for estimated voucher payments related to inventory remaining in the distribution channel at January 1, 2018

 

(4)

To eliminate deferred revenue previously required by the sell-through method

 

(5)

To record the net impact of (1)-(4) in opening accumulated deficit

Schedule of Adoption of New Revenue Guidance Impact on Financial Statements

In accordance with the new revenue guidance, the disclosure of the impact of adoption on the condensed consolidated balance sheet and the condensed consolidated statement of operations and cash flows was as follows (in thousands):

 

Condensed Consolidated Balance Sheet

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended March 31, 2018

 

 

 

As Reported

 

 

Adjustments

 

 

Balances without adoption of Topic 606

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable, net

 

$

1,550

 

 

$

130

 

 

$

1,680

 

Deferred costs from commercial product sales

 

 

 

 

 

361

 

 

 

361

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses and other current liabilities

 

$

15,930

 

 

$

(479

)

 

$

15,451

 

Deferred revenue, net

 

 

 

 

 

2,298

 

 

 

2,298

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated deficit

 

$

(2,883,410

)

 

$

(1,328

)

 

$

(2,884,738

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidated Statement of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended March 31, 2018

 

 

 

As Reported

 

 

Adjustments

 

 

Balances without adoption of Topic 606

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue - commercial product sales

 

$

3,402

 

 

$

589

 

 

$

3,991

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold

 

$

4,008

 

 

$

44

 

 

$

4,052

 

Net loss

 

 

(30,385

)

 

 

545

 

 

 

(29,840

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidated Statement of Cash

   Flows

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended March 31, 2018

 

 

 

As Reported

 

 

Adjustments

 

 

Balances without adoption of Topic 606

 

Cash Flows from Operating Activities

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(30,385

)

 

$

545

 

 

$

(29,840

)

Change in:

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable, net

 

 

1,128

 

 

 

(18

)

 

 

1,110

 

Deferred costs from commercial product sales

 

 

 

 

 

44

 

 

 

44

 

Accrued expenses and other current liabilities

 

 

2,675

 

 

 

171

 

 

 

2,846

 

Deferred revenue, net

 

 

 

 

 

(740

)

 

 

(740

)

Cash (used in) provided by operating activities

 

 

(21,650

)

 

 

2

 

 

 

(21,648

)