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Condensed Statements of Cash Flows (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net loss $ (23,123) $ (26,017)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 292 311
Non-cash interest expense 67 28
Stock-based compensation expense 1,895 1,945
Change in fair value of warrant liability (3,186) (50)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (311) (258)
Accounts payable (179) 1,692
Accrued expenses and other liabilities (568) 984
Deferred revenue (35) (804)
Net cash used in operating activities (25,148) (22,169)
Investing activities    
Purchases of property and equipment (286) (137)
Net cash used in investing activities (286) (137)
Financing activities    
Proceeds from issuance of common stock and common stock warrants, net of offering costs 12,675 51,505
Payments on notes payable 0 (1,249)
Proceeds from notes payable 5,000 0
Proceeds from exercise of common stock options and warrants 62 51
Net cash provided by financing activities 17,737 50,307
Net (decrease) increase in cash and cash equivalents (7,697) 28,001
Cash and cash equivalents at beginning of period 54,059 7,942
Cash and cash equivalents at end of period 46,362 35,943
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 to purchase common stock 328 0
Supplemental cash flow information    
Cash paid for interest $ 644 $ 177