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 $ (9,844) $ (23,782)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of premium on marketable securities 6 46
Depreciation of property and equipment 34 67
Stock-based compensation 1,044 1,623
Changes in operating assets and liabilities:    
Prepaid expenses (111) 930
Accounts payable 307 (1,117)
Accrued expenses and deferred rent (590) (1,247)
Net cash used in operating activities (9,154) (23,480)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (2) (66)
Maturities of marketable securities 7,174 7,518
Net cash provided by investing activities 7,172 7,452
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of warrants 14
Proceeds, net of expenses of $1,168 and $1,065, from sale of common stock 17,386 11,783
Net cash provided by financing activities 17,400 11,783
Effect of currency rate change on cash (4) 8
Net increase (decrease) in cash and cash equivalents 15,414 (4,237)
Cash and cash equivalents, beginning of the period 18,941 19,175
Cash and cash equivalents, end of period 34,355 14,938
Non-cash financing activities:    
Issuance of common stock under employee benefit plan $ 10 $ 113