XML 39 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net loss $ (15,343) $ (9,146)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 209 228
Non-cash interest expense 18 18
Stock-based compensation expense 1,137 429
Change in fair value of warrant liability (50) 114
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (913) (274)
Accounts payable 1,706 (419)
Accrued expenses 468 (157)
Deferred revenue (715) 1,950
Net cash used in operating activities (13,483) (7,257)
Investing activities    
Purchases of property and equipment (132)  
Net cash used in investing activities (132)  
Financing activities    
Proceeds from issuance of common stock in initial public offering, net of offering costs 51,505  
Proceeds from issuance of convertible notes payable, net of debt issuance costs   3,500
Proceeds from issuance of notes payable, net of debt issuance costs   3,000
Payments on equipment financing and notes payable (833) (62)
Proceeds from exercise of common stock options and warrants 32 15
Net cash provided by financing activities 50,704 6,453
Net increase (decrease) in cash and cash equivalents 37,089 (804)
Cash and cash equivalents at beginning of period 7,942 7,882
Cash and cash equivalents at end of period 45,031 7,078
Supplemental non-cash financing activities    
Conversion of preferred stock into common stock 56,678  
Conversion of preferred stock warrants into common stock warrants 247  
Issuance of warrants   287
Supplemental cash flow information    
Cash paid for interest $ 123 $ 120