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
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (8,622) $ (9,965)
Reconciliation of net loss to net cash used in operating activities    
Depreciation 403 54
Amortization of intellectual property 93 81
Fair value of warrants issued for consulting services 138
Stock option compensation 898 175
Increase in fair value of derivative liabilities 5,776
Amortization of debt discount 26 909
Amortization of deferred financing costs 44
Non-cash convertible note interest expense 197 214
Changes in operating assets and liabilities    
Inventory (342)
Prepaid expenses and other current assets (80) (354)
Accounts payable 500 648
Accrued expenses 530 57
Deferred rent 71 75
Net cash used in operating activities (5,802) (2,672)
Cash flows from investing activities:    
Decrease in restricted cash 8,263
Purchases of property and equipment (20,940) (1,794)
Deposits and other assets (93) (3,646)
Intellectual property related expenditures (165) (6)
Net cash used in investing activities (12,935) (5,446)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 9,167 32,862
Payments on capital leases (21)
Proceeds from issuance of convertible notes payable, net of issuance costs 4,858
Net cash provided by financing activities 14,004 32,862
Net increase (decrease) in cash and cash equivalents (4,733) 24,744
Cash and cash equivalents at beginning of period 20,141 4,537
Cash and cash equivalents at end of period 15,408 29,281
Non-cash investing activities    
Tenant improvement allowances 78
Non-cash financing activities    
Capital lease 143
Fair value of common stock issued upon conversion of convertible notes and accrued interest 6,280
Fair value of common stock issued upon extinguishment of beneficial conversion feature derivative liability 6,280
Supplemental disclosure of non-cash transactions    
Increase in property and equipment resulting from increase in accounts payable 2,548
Increase in property and equipment resulting from increase in accrued expenses 123
Decrease in restricted cash resulting from a decrease in accounts payable 2,644
Recognition of convertible debt discount $ 4,975