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
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (13,259) $ (5,105)
Reconciliation of net loss to net cash used in operating activities    
Depreciation 1,387 198
Amortization of intellectual property 75 59
Accretion of asset retirement obligation 10
Fair value of warrants issued for consulting services 73
Stock option compensation 467 738
Amortization of debt discount 107 8
Amortization of deferred financing costs 42 22
Non-cash convertible note interest expense 298 56
Impairment of acquired intellectual property 2,411
Changes in operating assets and liabilities    
Accounts receivable (593)
Inventory (971)
Prepaid expenses and other current assets (227) 18
Accounts payable 1,403 (257)
Accrued expenses (68) 789
Deferred rent (86) 114
Net cash used in operating activities (9,004) (3,287)
Cash flows from investing activities:    
Decrease in restricted cash 1,124 5,556
Purchases of property and equipment, net (5,558) (13,724)
Intellectual property related expenditures (390) (91)
Net cash used in investing activities (4,824) (8,259)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of transaction costs 10,630 9,114
Payments on notes payable (83)
Payments on capital leases (68) (9)
Proceeds from issuance of convertible notes payable, net of issuance costs 4,850
Net cash provided by financing activities 10,479 13,955
Net increase (decrease) in cash and cash equivalents (3,349) 2,409
Cash and cash equivalents at beginning of period 25,458 20,141
Cash and cash equivalents at end of period 22,109 22,550
Non-cash investing activities    
Tenant improvement allowances 78
Non-cash financing activities    
Capital lease 101
Supplemental disclosure of non-cash transactions    
Change in property and equipment resulting from change in accounts payable (478) 1,817
Change in property and equipment resulting from change in accrued expenses (1,330)
Decrease in restricted cash resulting from a decrease in accounts payable 2,644
Recognition of convertible debt discount 4,975
Asset retirement obligation offset with asset retirement cost (property and equipment) 670
Fair value of common stock issued for intellectual property $ 2,149