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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net loss $ (28,526,000) $ (21,377,000) $ (3,342,000)
Reconciliation of net loss to net cash used in operating activities:      
Depreciation 123,000 57,000 30,000
Amortization of premium/discount on available-for-sale securities 131,000 651,000 30,000
Accretion of discount and debt issuance cost of convertible notes payable 742,000
Unrealized (gain) loss on forward foreign currency contracts included in net income (127,000) 537,000
Foreign currency remeasurement loss 76,000 75,000
Stock-based compensation 3,343,000 2,164,000 459,000
Change in fair value of investor rights/obligation (5,151,000)
Change in fair value of derivative liability 81,000
Changes in:      
Prepaid expenses and other assets 246,000 (899,000) (961,000)
Interest receivable (26,000) (32,000)
Accounts payable and accrued expenses 1,073,000 1,258,000 955,000
Accrued interest payable 115,000
Deferred revenue from sale of acquisition option to acquire company (2,948,000)
Net cash used in operating activities (23,687,000) (17,566,000) (9,990,000)
Investing activities      
Purchases of available-for-sale investments (39,756,000) (88,644,000) (34,950,000)
Proceeds from maturities of available-for-sale investments 59,943,000 75,505,000 22,518,000
Proceeds from sale of available-for-sale investments 2,006,000
Purchase of property and equipment (271,000) (198,000) (51,000)
Net cash provided by (used in) investing activities 19,916,000 (11,331,000) (12,483,000)
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 11,000 75,000
Net proceeds from IPO 62,485,000
Exercise of stock options 197,000 88,000 59,000
Exercise of warrants 1,428,000
Net cash provided by financing activities 208,000 163,000 88,520,000
Effect of exchange rate changes on cash (76,000) (75,000)
(Decrease) increase in cash and cash equivalents (3,639,000) (28,809,000) 66,047,000
Cash and cash equivalents, beginning of period 40,031,000 68,840,000 2,793,000
Cash and cash equivalents, end of period 36,392,000 40,031,000 68,840,000
Supplemental disclosure of non-cash investing and financing activities      
Accretion of redeemable convertible preferred stock to redemption value 6,353,000
Conversion of convertible notes, including accrued interest, into Series D Redeemable Convertible Preferred Stock 6,089,000
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