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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 $ (36,060) $ (32,630) $ (21,884)
Reconciliation of net loss to net cash used in operating activities:      
Depreciation and amortization 395 202 248
Stock-based compensation expense 2,160 1,658 897
Accretion of discount/premium on investment securities 148    
Non-cash interest expense 277 293 74
Gain on the sale of fixed assets (52)    
Changes in assets and liabilities:      
Prepaid expenses and other current assets (229) (450) (208)
Other assets   2  
Accounts payable 77 196 481
Accrued expenses 418 954 8
Deferred rent 8 (18) (28)
Net cash used in operating activities (32,858) (29,793) (20,412)
Investing activities      
Purchases of available-for-sale securities (45,539)   (4,976)
Sales and maturities of available-for-sale securities 30,456   4,976
Purchases of property and equipment (459) (421) (228)
Sale of property and equipment 52    
Net cash used in investing activities (15,490) (421) (228)
Financing activities      
Proceeds from initial public offering, net of issuance costs   61,744  
Proceeds from issuance of preferred stock, net of issuance costs   12,331  
Proceeds from registered direct offering, net of issuance costs 10,603    
Proceeds from at-the-market offering, net of issuance costs 1,391    
Proceeds from exercise of common stock options and warrants 503 91 118
Proceeds from borrowing   5,000 5,000
Payments on borrowing (3,333) (833)  
Debt issuance costs   (7) (284)
Net cash provided by financing activities 9,164 78,326 4,834
Net (decrease) increase in cash and cash equivalents (39,184) 48,112 (15,806)
Cash and cash equivalents, beginning of period 62,780 14,668 30,474
Cash and cash equivalents, end of period 23,596 62,780 14,668
Supplemental disclosure of cash flow information      
Cash paid for interest $ 582 684 100
Non-cash financing activities      
Warrants for the purchase of series B preferred stock issued in conjunction with credit facility   107 110
Initial public offering costs in accounts payable and accrued liabilities   (492) $ 492
Reclassification of deferred IPO costs from non-current assets to additional paid-in capital   1,787  
Reclassification of warrant liability to additional paid-in capital   $ 206