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Description of Business and Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2018 and 2017 excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive:

 

 

 

June 30,

2018

 

 

 

2018

 

 

2017

 

Vesting of restricted stock units

 

 

1,219,419

 

 

 

1,193,100

 

Employee stock purchase plan

 

 

248,067

 

 

 

 

Exercise of common stock options

 

 

11,368,356

 

 

 

7,972,175

 

Conversion of convertible notes into common stock

 

 

14,154,500

 

 

 

814,561

 

Conversion of convertible related party notes into common

   stock

 

 

21,909,541

 

 

 

 

Exercise of common stock warrants

 

 

31,856

 

 

 

9,740,597

 

Exercise of warrants associated with direct placement

 

 

14,000,000

 

 

 

 

 

 

 

62,931,739

 

 

 

19,720,433

 

 

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):

 

 

 

 

For the six months ended June 30, 2018

 

 

 

As Reported

 

 

Adjustments

 

 

Balances without

adoption of Topic

606

 

Cash Flows from Operating Activities

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(53,060

)

 

$

202

 

 

$

(52,858

)

Change in:

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable, net

 

 

(170

)

 

 

(188

)

 

 

(358

)

Deferred costs from commercial product

   sales

 

 

 

 

 

(1

)

 

 

(1

)

Accrued expenses and other current

   liabilities

 

 

818

 

 

 

170

 

 

 

988

 

Deferred revenue, net

 

 

 

 

 

(348

)

 

 

(348

)

Cash (used in) provided by operating

   activities

 

 

(48,800

)

 

 

(165

)

 

 

(48,965

)