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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net loss $ (7,574) $ (6,524)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 54 96
Non-cash interest expense 26 2
Stock-based compensation expense 586 664
Change in fair value of warrant liability (115) (1,304)
Loss on extinguishment of debt 221  
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (162) (155)
Restricted cash (80) 0
Accounts payable 342 (415)
Accrued expenses and other liabilities (1,645) (598)
Deferred revenue (203) (244)
Net cash used in operating activities (8,550) (8,478)
Investing activities    
Purchases of property and equipment 0 (32)
Net cash used in investing activities 0 (32)
Financing activities    
Proceeds from issuance of common stock and common stock warrants, net of offering costs 0 (46)
Payments on notes payable (14,124) 0
Proceeds from exercise of common stock options and warrants 14 46
Net cash used in financing activities (14,110) 0
Net decrease in cash and cash equivalents (22,660) (8,510)
Cash and cash equivalents at beginning of period 36,079 54,059
Cash and cash equivalents at end of period 13,419 45,549
Supplemental cash flow information    
Cash paid for interest $ 663 $ 175