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Condensed Statements of Cash Flows (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net loss $ (13,430) $ (15,343)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 192 209
Non-cash interest expense 26 18
Stock-based compensation expense 1,266 1,137
Change in fair value of warrant liability (3,123) (50)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (596) (913)
Accounts payable (578) 1,706
Accrued expenses and other liabilities (1,209) 468
Deferred revenue (55) (715)
Net cash used in operating activities (17,507) (13,483)
Investing activities    
Purchases of property and equipment (286) (132)
Net cash used in investing activities (286) (132)
Financing activities    
Proceeds from issuance of common stock and common stock warrants, net of offering costs 12,172 51,505
Payments on notes payable 0 (833)
Proceeds from notes payable 5,000 0
Proceeds from exercise of common stock options and warrants 56 32
Net cash provided by financing activities 17,228 50,704
Net (decrease) increase in cash and cash equivalents (565) 37,089
Cash and cash equivalents at beginning of period 54,059 7,942
Cash and cash equivalents at end of period 53,494 45,031
Supplemental non-cash financing activities    
Conversion of preferred stock into common stock 0 56,678
Conversion of preferred stock warrants into common stock warrants $ 0 $ 247
Issuance of warrants for common stock 328 0
Supplemental cash flow information    
Cash paid for interest $ 374 $ 123