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Condensed Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net loss $ (21,377,000) $ (3,342,000) $ (7,912,000)
Reconciliation of net loss to net cash used in operating activities:      
Depreciation, Depletion and Amortization 57,000 30,000 27,000
Amortization of premium/discount on available-for-sale securities $ 651,000 $ 30,000 30,000
Gain on sale of fixed assets (65,000)
Accretion of discount and debt issuance cost of convertible notes payable $ 742,000 $ 749,000
Unrealized loss on forward foreign currency contracts included in net income $ 537,000
Foreign currency remeasurement loss 75,000
Stock-based compensation $ 2,164,000 $ 459,000 $ 155,000
Change in fair value of investor rights/obligation (5,151,000)
Change in fair value of derivative liability 81,000 $ (2,000)
Changes in:      
Prepaid expenses and other assets $ (899,000) $ (961,000) $ 72,000
Interest receivable (32,000)
Accounts payable and accrued expenses $ 1,258,000 $ 955,000 $ 177,000
Accrued interest payable 115,000 $ 112,000
Deferred revenue from sale of acquisition option to acquire company (2,948,000)
Net cash used in operating activities $ (17,566,000) (9,990,000) $ (6,657,000)
Investing activities      
Purchases of available-for-sale investments (88,644,000) (34,950,000) (3,878,000)
Proceeds from maturities of available-for-sale investments 75,505,000 $ 22,518,000 $ 6,550,000
Proceeds from sale of available-for-sale investments 2,006,000
Purchase of property and equipment $ (198,000) $ (51,000) $ (10,000)
Sale of property and equipment 65,000
Net cash (used in) provided by investing activities $ (11,331,000) $ (12,483,000) $ 2,727,000
Financing activities      
Proceeds from issuance of Series D preferred stock 25,000,000
Issuance costs for preferred stock $ (452,000)
Proceeds from issuance of common stock under ESPP $ 75,000
Proceeds from Issuance Initial Public Offering $ 62,485,000
Proceeds from issuance of convertible notes payable $ 4,339,000
Payments for debt issuance costs (46,000)
Exercise of stock options $ 88,000 $ 59,000 $ 21,000
Exercise of warrants 1,428,000
Net cash provided by financing activities $ 163,000 $ 88,520,000 $ 4,314,000
Effect of exchange rate changes on cash (75,000)
(Decrease) increase in cash and cash equivalents (28,809,000) $ 66,047,000 $ 384,000
Cash and cash equivalents, beginning of period 68,840,000 2,793,000 2,409,000
Cash and cash equivalents, end of period $ 40,031,000 68,840,000 2,793,000
Supplemental disclosure of non-cash investing and financing activities      
Accretion of redeemable convertible preferred stock to redemption value 6,353,000 $ 6,119,000
Conversion of convertible notes, including accrued interest, into Series D Redeemable Convertible Preferred Stock $ 6,089,000
Fair value of derivative embedded within convertible notes payable $ 1,445,000
Conversion of redeemable convertible preferred stock into common stock $ 126,836,000
Fair value of investors' rights/ obligations reclassified to equity upon IPO $ 1,408,000