Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (5,105) $ (7,880)
Reconciliation of net loss to net cash used in operating activities    
Depreciation 198 23
Amortization of intellectual property 59 54
Fair value of warrants issued for consulting services 73
Stock option compensation 738 81
Increase in fair value of derivative liabilities 5,499
Amortization of debt discount 8 455
Amortization of deferred financing costs 22
Non-cash convertible note interest expense 56
Changes in operating assets and liabilities    
Inventory (138)
Prepaid expenses and other current assets 18 (154)
Accounts payable (257) 136
Accrued expenses 789 229
Deferred rent 114
Net cash used in operating activities (3,287) (1,695)
Cash flows from investing activities:    
Decrease in restricted cash 5,556
Purchases of property and equipment (13,724) (1,205)
Intellectual property related expenditures (91) (6)
Net cash used in investing activities (8,259) (1,211)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 9,114
Payments on capital leases (9)
Proceeds from issuance of convertible notes payable, net of deferred issuance costs 4,850
Net cash provided by financing activities 13,955
Net increase (decrease) in cash and cash equivalents 2,409 (2,906)
Cash and cash equivalents at beginning of period 20,141 4,537
Cash and cash equivalents at end of period 22,550 1,631
Non-cash investing activities    
Tenant improvement allowances 78
Non-cash financing activities    
Capital lease 101
Supplemental disclosure of non-cash transactions    
Increase in property and equipment resulting from increase in accounts payable 1,817
Decrease in restricted cash resulting from a decrease in accounts payable 2,644
Recognition of convertible debt discount $ 4,975