XML 56 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities      
Net loss $ (18,668) $ (17,408) $ (7,602)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization expense 1,360 1,017 911
Loss from change in value of convertible note payable 1,145 2,969  
Loss on extinguishment of debt   1,738  
Amortization of premium on investments, net 1,464 422 551
Gain on investments (25) (28) (1)
Stock-based compensation 3,422 1,550 825
Loss on disposal of long-term assets   36  
Change in operating assets and liabilities:      
Contracts and other receivables (79)    
Prepaid and other assets (2,283) (308) (136)
Accounts payable 860 (189) (1,345)
Accrued compensation (51) 677 (528)
Accrued liabilities 1,355 (20) 29
Deferred revenue (16,819) 486 (8,219)
Deferred rent and other liabilities (11) 337 452
Net cash used in operating activities (28,330) (8,721) (15,063)
Investing activities      
Purchases of short-term investments (72,005) (62,041) (50,663)
Maturities and sales of short-term investments 31,951 33,083 54,585
Purchases of property and equipment (800) (1,151) (467)
Acquisition of intangibles (35) (275) (131)
Net cash (used in) provided by investing activities (40,889) (30,384) 3,324
Financing activities      
Proceeds from issuance of convertible notes payable and other long-term obligations   5,000  
Proceeds from issuance of common stock, net 45,980 65,788  
Principal payments on other long-term obligations (100) (445) (412)
Proceeds from exercise of common stock options 594 139 58
Net cash provided by (used in) financing activities 46,474 70,482 (354)
Net (decrease) increase in cash and cash equivalents (22,745) 31,377 (12,093)
Cash and cash equivalents at beginning of period 40,552 9,175 21,268
Cash and cash equivalents at end of period 17,807 40,552 9,175
Supplemental disclosure of cash flow information      
Interest paid 37 8 65
Income taxes paid 1 208  
Supplemental disclosures of non-cash investing and financing activities      
Conversion of notes payable to common stock   10,813  
Allowance for tenant improvements 653   586
Amounts accrued for patent expenditures $ 11   $ 21