XML 16 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (37,785) $ (26,610)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation, amortization and accretion (137) 79
Stock-based compensation 2,992 2,825
Other (2) 8
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (2,847) (1,082)
Accounts payable 3,067 800
Deferred revenue (758) (610)
Accrued expenses and other liabilities 451 122
Net cash used in operating activities (35,019) (24,468)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (173)  
Purchases of short-term investments (34,149) (87,989)
Proceeds from sales and maturities of short-term investments 66,250 62,447
Net cash provided by (used in) investing activities 31,928 (25,542)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock in follow-on public stock offering, net   48,836
Proceeds from stock option exercises 26 269
Proceeds from Employee Stock Purchase Plan 97  
Other (1) (1)
Net cash provided by financing activities 122 49,104
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (2,969) (906)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—beginning of period 35,389 24,110
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —end of period 32,420 23,204
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Property and equipment purchases included in accounts payable and accrued expenses   41
Issuance costs included in accounts payable and accrued expenses $ 32 161
Vesting of restricted stock   $ 59