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Consolidated statements of cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net loss $ (37,002) $ (21,860) $ (24,027)
Non-cash items and reclassifications:      
Change in fair value of derivative liability (Note 8) (81) 52 (949)
Stock-based compensation (Note 7(e)) 1,966 1,506 854
Stock-based purchase of patent rights     186
Unrealized foreign exchange loss and others 185 580 549
Financing costs     320
Fees and penalty on bank loan repayment     100
Amortization and extinguishment of remaining discount on preferred stock upon conversion of preferred stock     1,884
Changes in operating assets and liabilities:      
Receivable, prepayments and deposits (109) (96) (17)
Accounts payable and other liabilities 4,815 (450) 3,614
Cash used in operating activities (30,226) (20,268) (17,486)
Investing activities      
Purchase of investments (106,442) (60,703) (36,475)
Proceeds from maturity of investments 59,097 13,196 12,990
Purchase of property and equipment (713) (27) (114)
Sale of property and equipment   1 26
Cash used in investing activities (48,058) (47,533) (23,573)
Financing activities      
Public offering of common stock (Note 7(c)) 75,368 98,038 53,130
Public offering costs (Note 7(c)) (4,692) (6,210) (5,251)
Proceeds from exercise of stock options 440 1,120  
Bank loan repayment, fees and penalty     (2,600)
Payment on capital lease obligations (4)    
Cash provided by financing activities 71,112 92,948 45,279
Effect of exchange rate changes on cash and cash equivalents (53) (527) (320)
Net change in cash and cash equivalents during the year (7,225) 24,620 3,900
Cash and cash equivalents, beginning of year 39,526 14,906 11,006
Cash and cash equivalents, end of year 32,301 39,526 14,906
Supplemental disclosure of cash flow information:      
Interest paid 1   32
Interest received 619 108 $ 91
Non-cash investing and financing activities:      
Assets acquired through capital leases 65 11  
Accrued offering costs   $ 35  
Exercise of warrants on a net settlement basis 43    
Accrued purchase of property & equipment $ 77