XML 22 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net loss $ (16,863) $ (9,460)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 476 443
Stock-based compensation 1,776 1,474
Changes in valuation of warrant liability   (6,296)
Non-cash interest expense 300 64
Deferred income taxes 9 1
Non-cash tax expense from other unrealized loss on available-for-sale securities 768  
Changes in operating assets and liabilities:    
Accounts receivable 1,708 340
Inventories (488) (1,220)
Other assets (213) (116)
Accounts payable 995 484
Accrued liabilities (639) (1,488)
Manufacturing and development obligations (924)  
Deferred revenue 52 23
Net cash used in operating activities (13,043) (15,751)
Investing activities    
Capital expenditures (43) (59)
Purchases of investments (50,544) (69,982)
Proceeds from maturities of investments 5,500 4,400
Restricted cash 38 47
Net cash used in investing activities (45,049) (65,594)
Financing activities    
Net proceeds from the issuance of common stock in connection with equity incentive plans 698 999
Net proceeds from public offering 7,199 75,527
Repayment of debt (32) (28)
Net cash provided by financing activities 7,865 76,498
Net decrease in cash and cash equivalents (50,227) (4,847)
Cash and cash equivalents, beginning of year 71,018 22,781
Cash and cash equivalents, end of year $ 20,791 $ 17,934