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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net loss $ (23,240) $ (16,481)
Adjustments to reconcile net loss to net cash used for operating activities:    
Share-based compensation expense 4,788 3,623
Third party share-based compensation expense 195 82
Depreciation expense 281 142
Loss on disposal of equipment 0 21
Changes in operating assets and liabilities:    
Restricted cash (104) 37
Prepaid expenses and other current assets (182) (631)
Other assets 199 (147)
Accounts payable (2,479) (98)
Accrued clinical and other expenses (439) 1,187
Accrued payroll and related expenses (1,167) (738)
Net cash used for operating activities (22,148) (13,003)
Investing activities    
Purchase of property and equipment (750) (478)
Net cash used for investing activities (750) (478)
Financing activities    
Net proceeds from the issuance of common stock 117,480 0
Proceeds from the exercise of stock options for common stock 2,074 85
Net cash provided by financing activities 119,554 85
Net increase (decrease) in cash and cash equivalents 96,656 (13,396)
Cash and cash equivalents at beginning of period 65,726 126,467
Cash and cash equivalents at end of period $ 162,382 $ 113,071