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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net loss $ (19,810) $ (21,867)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation and amortization 111 237
Stock-based compensation expense 1,340 1,501
Accretion of discount/premium on investment securities (4) 26
Non-cash interest expense 37 128
Gain on disposal of property and equipment (297) (30)
Services received in non-monetary exchange 8  
Changes in assets and liabilities:    
Prepaid expenses and other current assets (120) (98)
Accounts payable 274 (203)
Accrued expenses 267 (903)
Deferred rent (3) 10
Net cash used in operating activities (18,197) (21,199)
Investing activities    
Purchases of short-term investments (39,364)  
Sales and maturities of short-term investments 16,000 14,910
Purchases of property and equipment   (57)
Proceeds from sale of property and equipment 365 30
Net cash (used in) provided by investing activities (22,999) 14,883
Financing activities    
Proceeds from public offering, net of issuance costs 38,886  
Proceeds from at-the-market offering, net of issuance costs 8,313 6,910
Proceeds from exercise of common stock options and warrants 4 23
Payments on borrowing (2,500) (2,500)
Net cash provided by financing activities 44,703 4,433
Net increase (decrease) in cash, cash equivalents and restricted cash 3,507 (1,883)
Cash, cash equivalents and restricted cash, beginning of period 16,482 23,709
Cash, cash equivalents and restricted cash, end of period 19,989 21,826
Supplemental disclosure of cash flow information    
Cash paid for interest $ 79 $ 269