Quarterly Financial Information (unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (unaudited)

Quarterly Financial Information (unaudited)

The following is a summary of the quarterly results of operations for the years ended December 31, 2015 and 2014 (in thousands, except per share amounts):

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2015
Total revenue	$	—		$	—		$	647		$	410
Loss from operations	$	(8,966	)	$	(10,658	)	$	(10,487	)	$	(11,858	)
Net loss	$	(8,955	)	$	(10,650	)	$	(10,474	)	$	(11,833	)
Basic and diluted net loss per share	$	(0.59	)	$	(0.70	)	$	(0.70	)	$	(0.69	)
Shares used in computing basic and diluted net loss per share	15,242			15,251			14,899			17,200
2014
Total revenue	$	—		$	—		$	—		$	—
Loss from operations	$	(5,130	)	$	(4,286	)	$	(5,061	)	$	(6,863	)
Net loss	$	(5,128	)	$	(4,284	)	$	(5,052	)	$	(6,849	)
Basic and diluted net loss per share	$	(0.93	)	$	(0.53	)	$	(0.37	)	$	(0.45	)
Shares used in computing basic and diluted net loss per share	5,535			8,122			13,646			15,226