Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (4,894) $ (2,174)
Reconciliation of net loss to net cash used in operating activities    
Depreciation 665 78
Amortization of intellectual property 36 31
Fair value of warrants issued for consulting services 15
Stock option compensation 161 208
Amortization of debt discount 42
Amortization of deferred financing costs 22 9
Non-cash convertible note interest expense 146
Changes in operating assets and liabilities    
Inventory (238)
Prepaid expenses and other current assets (301) (18)
Accounts payable 307 89
Accrued expenses (53) 84
Deferred rent (43) 78
Net cash used in operating activities (4,150) (1,600)
Cash flows from investing activities:    
Decrease in restricted cash 548 1,131
Purchases of property and equipment (2,232) (4,396)
Other assets (45)
Intellectual property related expenditures (43) (28)
Net cash used in investing activities (1,772) (3,293)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of transaction costs 10,654
Payments on notes payable (44)
Payments on capital leases (33) (4)
Net cash provided by (used in) financing activities 10,577 (4)
Net increase (decrease) in cash and cash equivalents 4,655 (4,897)
Cash and cash equivalents at beginning of period 25,458 20,141
Cash and cash equivalents at end of period 30,113 15,244
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 761 3,066
Change in property and equipment resulting from change in accrued expenses (768) 1,046
Decrease in restricted cash resulting from a decrease in accounts payable 2,644
Asset retirement obligation offset with asset retirement cost (property and equipment) $ 670