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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net loss $ (14,540) $ (9,833)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation and amortization 93 130
Stock-based compensation expense 655 373
Noncash interest expense 123  
Changes in assets and liabilities:    
Prepaid expenses and other current assets (174) (454)
Accounts payable 649 522
Accrued expenses (11) (491)
Deferred rent (18) (10)
Net cash used in operating activities (13,223) (9,763)
Investing activities    
Purchases of property and equipment (35) (157)
Net cash used in investing activities (35) (157)
Financing activities    
Proceeds from initial public offering, net of issuance costs 62,763  
Proceeds from issuance of preferred stock, net of issuance costs 12,331  
Proceeds from exercise of common stock options 51 22
Proceeds from borrowings 5,000  
Debt issuance costs (7)  
Net cash provided by financing activities 80,138 22
Net increase (decrease) in cash and cash equivalents 66,880 (9,898)
Cash and cash equivalents, beginning of period 14,668 30,747
Cash and cash equivalents, end of period 81,548 $ 20,849
Supplemental disclosures of cash flow information    
Cash paid for interest 254  
Noncash financing activities    
Warrants for the purchase of series B preferred stock issued in conjunction with credit facility 110  
Initial public offering costs in accounts payable and accrued liabilities 970  
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