XML 67 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net loss $ (6,757) $ (770)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 34 11
Stock-based compensation expense 1,386 187
Non-cash interest expense 18 23
Amortization of debt issuance costs   9
Change in fair value of embedded derivative liability   (9)
Change in fair value of warrant liabilities 470 9
Loss on extinguishment of related-party convertible notes 204  
Change in operating assets and liabilities:    
Accounts receivable   (9)
Prepaid expenses and other assets (85) (511)
Accounts payable 114 287
Accrued expenses and other liabilities 993 (91)
Deferred revenue 7,865  
Deferred rent 138  
Net cash provided by (used in) operating activities 4,380 (864)
Cash flows from investing activities:    
Purchase of property and equipment (474) (81)
Net cash used in investing activities (474) (81)
Cash flows from financing activities:    
Proceeds from issuance of Series B convertible preferred stock 52,905  
Expenses related to issuance of Series B convertible preferred stock (2,540)  
Expenses related to initial public offering (408)  
Proceeds from issuance of convertible notes 2,000 800
Repurchase of Series A convertible preferred stock (4,000)  
Net cash provided by financing activities 47,957 800
Effect of foreign currency exchange rate on cash 1 (21)
NET INCREASE (DECREASE) IN CASH 51,864 (166)
Cash-Beginning of period 564 357
Cash-End of period 52,428 191
Supplemental disclosures of noncash investing and financing information    
Conversion of related-party convertible notes payable to convertible preferred stock 2,000  
Warrants issued in connection with issuance of Series B converted preferred stock 266  
Warrants issued in connection with license agreements 42  
Fixed assets in accounts payable 37  
Deferred initial public offering expenses in accounts payable and current liabilities $ 895