XML 58 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 171,032us-gaap_CashAndCashEquivalentsAtCarryingValue $ 3,914us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash, current portion 75us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 75us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Prepaid expenses and other current assets 1,624us-gaap_PrepaidExpenseAndOtherAssetsCurrent 825us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 172,731us-gaap_AssetsCurrent 4,814us-gaap_AssetsCurrent
Property and equipment, net 19,274us-gaap_PropertyPlantAndEquipmentNet 14,315us-gaap_PropertyPlantAndEquipmentNet
Restricted cash, net of current portion 435us-gaap_RestrictedCashAndCashEquivalentsNoncurrent 510us-gaap_RestrictedCashAndCashEquivalentsNoncurrent
Other non-current assets 29us-gaap_OtherAssetsNoncurrent 3,006us-gaap_OtherAssetsNoncurrent
TOTAL ASSETS 192,469us-gaap_Assets 22,645us-gaap_Assets
CURRENT LIABILITIES    
Accounts payable 3,149us-gaap_AccountsPayableCurrent 5,526us-gaap_AccountsPayableCurrent
Accruals and other current liabilities 4,145us-gaap_AccruedLiabilitiesCurrent 4,161us-gaap_AccruedLiabilitiesCurrent
Deferred revenue, current portion 0us-gaap_DeferredRevenueCurrent 83us-gaap_DeferredRevenueCurrent
Derivative liabilities associated with convertible notes, current portion 0us-gaap_DerivativeLiabilitiesCurrent 4,890us-gaap_DerivativeLiabilitiesCurrent
Derivative liabilities associated with Medicis settlement, current portion 0rvnc_DerivativeLiabilitiesContractCurrent 6,684rvnc_DerivativeLiabilitiesContractCurrent
Financing obligation, current portion 307rvnc_FinancingObligationCurrent 0rvnc_FinancingObligationCurrent
Convertible notes, current portion 0us-gaap_ConvertibleNotesPayableCurrent 12,157us-gaap_ConvertibleNotesPayableCurrent
Notes payable, current portion and discount 2,635us-gaap_NotesPayableCurrent 10,702us-gaap_NotesPayableCurrent
Common stock warrant liability 0rvnc_CommonStockWarrantsLiabilityCurrent 3,358rvnc_CommonStockWarrantsLiabilityCurrent
Total current liabilities 10,236us-gaap_LiabilitiesCurrent 47,561us-gaap_LiabilitiesCurrent
Convertible preferred stock warrant liability 0rvnc_ConvertiblePreferredStockWarrantLiabilityNoncurrent 1,233rvnc_ConvertiblePreferredStockWarrantLiabilityNoncurrent
Financing obligation, net of current portion 598rvnc_FinancingLeaseObligationNoncurrentNetofCurrentPortion 0rvnc_FinancingLeaseObligationNoncurrentNetofCurrentPortion
Note payable, net of current portion and discount 0us-gaap_LongTermNotesPayable 2,632us-gaap_LongTermNotesPayable
Derivative liabilities associated with Medicis settlement, net of current portion 1,541us-gaap_DerivativeLiabilitiesNoncurrent 1,610us-gaap_DerivativeLiabilitiesNoncurrent
Deferred rent 3,725us-gaap_DeferredRentCreditNoncurrent 3,176us-gaap_DeferredRentCreditNoncurrent
TOTAL LIABILITIES 16,100us-gaap_Liabilities 56,212us-gaap_Liabilities
Commitments and Contingencies (Note 10)      
Convertible preferred stock, par value $0.001 per share — 5,000,000 and 145,010,269 shares authorized as of December 31, 2014 and 2013, respectively; 0 and 8,689,999 shares issued and outstanding as of December 31, 2014 and 2013, respectively (aggregate liquidation preference of $0 and $215,264 as of December 31, 2014 and 2013, respectively) 0us-gaap_TemporaryEquityCarryingAmountAttributableToParent 123,982us-gaap_TemporaryEquityCarryingAmountAttributableToParent
STOCKHOLDERS’ EQUITY (DEFICIT)    
Common stock, par value $0.001 per share — 95,000,000 and 224,000,000 shares authorized as of December 31, 2014 and 2013, respectively; 23,774,465 and 260,789 shares issued and outstanding as of December 31, 2014 and 2013, respectively 24us-gaap_CommonStockValue 0us-gaap_CommonStockValue
Additional paid-in capital 435,142us-gaap_AdditionalPaidInCapitalCommonStock 38,331us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (258,797)us-gaap_RetainedEarningsAccumulatedDeficit (195,880)us-gaap_RetainedEarningsAccumulatedDeficit
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) 176,369us-gaap_StockholdersEquity (157,549)us-gaap_StockholdersEquity
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 192,469us-gaap_LiabilitiesAndStockholdersEquity $ 22,645us-gaap_LiabilitiesAndStockholdersEquity