Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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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 $ (6,695) $ (4,106)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 107 21
Stock-based compensation 372 188
Fair value of warrants issued 142
Non-cash interest expense 35 45
Changes in assets and liabilities:    
Accounts receivable (1,929) (198)
Inventory 40 623
Prepaid expenses and other current assets (174) (314)
Other noncurrent assets (16) (8)
Accounts payable 273 197
Accrued and other liabilities (62) 1,361
Net cash used in operating activities (8,049) (2,049)
Cash flows from investing activities:    
Purchase of property and equipment (151) (36)
Net cash used in investing activities (151) (36)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of issuance costs 31,503
Transaction costs in connection with November 2015 Offering (3)
Repayments of note payable (299)
Proceeds from exercise of warrant 27
Proceeds from exercise of stock option 6
Net cash provided by (used in) financing activities 31,503 (269)
Net increase (decrease) in cash and cash equivalents 23,303 (2,354)
Cash and cash equivalents - beginning of period 8,086 [1] 7,360
Cash and cash equivalents - end of period 31,389 5,006
Supplemental disclosure:    
Cash paid for interest 194 64
Cash paid for income taxes
Supplemental disclosure of cash flow information as of end of period:    
Restricted stock awards granted to employees for 2015 accrued bonuses 246
Net transfer of equipment between inventory and property and equipment $ 264
[1] The condensed consolidated balance sheet as of December 31, 2016 has been derived from the audited consolidated financial statements as of that date.