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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net loss $ (26,268) $ (24,983) $ (15,834)
Adjustment to reconcile net loss to net cash used in operating activities:      
Restructuring charges 4,442 0 0
Depreciation and amortization 159 54 35
Stock-based compensation 1,592 985 408
Issuance of stock for services 0 0 4
Amortization of premiums/ discounts on marketable securities 260 0 0
Loss on disposal of assets 128 0 0
Changes in operating assets and liabilities:      
Grant reimbursement and other receivables (160) 119 40
Prepaid expenses and other current assets 107 (650) (99)
Deferred offering costs 0 0 105
Other noncurrent assets 0 0 17
Accounts payable (3,264) 2,816 189
Accrued expenses (1,801) 524 1,165
Net cash used in operating activities (24,805) (21,135) (13,970)
Investing activities      
Purchases of marketable securities (103,114) 0 0
Maturities of marketable securities 58,784 0 0
Restricted cash (2,432) 0 0
Purchase of property and equipment (1,729) (251) (102)
Net cash used in investing activities (48,491) (251) (102)
Financing activities      
Proceeds from issuance of convertible preferred stock, net of issuance costs 0 41,433 0
Proceeds from the issuance of common stock, net of issuance costs 0 60,280 0
Proceeds from the exercise of stock options 16 67 209
Cash provided by financing activities 16 101,780 209
Net increase (decrease) in cash and cash equivalents (73,280) 80,394 (13,863)
Cash and cash equivalents at beginning of period 89,713 9,319 23,182
Cash and cash equivalents at end of period 16,432 89,713 9,319
Supplemental disclosure of non-cash investing and financing activities      
Conversion of preferred stock to common stock $ 0 $ 100,938 $ 0