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
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (17,120) $ (9,422)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 188 45
Stock-based compensation 827 390
Fair value of common stock issued 260
Fair value of warrants issued 162
Non-cash interest expense 489 387
Changes in assets and liabilities:    
Accounts receivable (1,709) 4
Inventory 352 679
Prepaid expenses and other current assets (822) 24
Other noncurrent assets 4 (1)
Accounts payable 258 422
Accrued and other liabilities (58) 1,009
Net cash used in operating activities (17,331) (6,301)
Cash flows from investing activities:    
Purchase of property and equipment (400) (137)
Net cash used in investing activities (400) (137)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of issuance costs 31,440 13,857
Proceeds from note payable, net of issuance costs 19,214 9,944
Repayments of note payable (10,000) (4,833)
Proceeds from exercise of warrant 20 27
Proceeds from exercise of stock options 31 14
Net cash provided by financing activities 40,705 19,009
Net increase in cash and cash equivalents 22,974 12,571
Cash and cash equivalents - beginning of period 8,086 [1] 7,360
Cash and cash equivalents - end of period 31,060 19,931
Supplemental disclosure:    
Cash paid for interest 1,183 487
Cash paid for income taxes 1
Supplemental disclosure of cash flow information as of end of period:    
Issuance of warrants in connection with note payable 940 350
Net transfer of equipment between inventory and property and equipment 292 25
Restricted stock awards granted to employees for 2015 accrued bonuses $ 246
[1] The condensed consolidated balance sheet as of December 31, 2016 has been derived from the audited consolidated financial statements as of that date.