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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income (loss) $ 5,422 $ (23,123)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 111 292
Non-cash interest expense 26 67
Stock-based compensation expense 3,351 1,895
Change in fair value of warrant liability (38) (3,186)
Loss on extinguishment of debt 221 0
Gain on sale of equipment (14) 0
Changes in operating assets and liabilities, excluding impact of acquisition:    
Prepaid expenses and other assets 62 (311)
Restricted cash (10) 0
Accounts payable (648) (179)
Accrued expenses and other liabilities (1,189) (568)
Deferred revenue 844 (35)
Net cash provided by (used in) operating activities 8,138 (25,148)
Investing activities    
Cash acquired in the acquisition 136 0
Sales (purchases) of property and equipment, net 283 (286)
Net cash provided by (used in) investing activities 419 (286)
Financing activities    
Proceeds from issuance of common stock and common stock warrants, net of offering costs 0 12,675
Payments on notes payable (14,124) 0
Proceeds from notes payable 0 5,000
Proceeds from exercise of common stock options and warrants 204 62
Net cash (used in) provided by financing activities (13,920) 17,737
Net decrease in cash and cash equivalents (5,363) (7,697)
Cash and cash equivalents at beginning of period 36,079 54,059
Cash and cash equivalents at end of period 30,716 46,362
Supplemental non-cash investing and financing activities    
Common stock issued in connection with the Acquisition 13,525 0
Fair value of assets acquired in the acquisition, excluding cash and cash equivalents 48,568 0
Fair value of liabilities assumed in the acquisition 13,279 0
Issuance of warrants for common stock 0 328
Supplemental cash flow information    
Cash paid for interest $ 663 $ 644