Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (26,735) $ (14,291)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 318 78
Stock-based compensation 1,314 662
Fair value of common stock issued 260
Fair value of warrants issued 162
Non-cash interest expense 762 422
Changes in assets and liabilities:    
Accounts receivable (2,742) (1,214)
Inventory 422 76
Prepaid expenses and other current assets (2,151) (70)
Other noncurrent assets 24 5
Accounts payable 483 1,045
Accrued and other liabilities 1,747 931
Other noncurrent liabilities 24
Net cash used in operating activities (26,274) (12,194)
Cash flows from investing activities:    
Investment in limited liability company (2,500)
Purchase of property and equipment (810) (224)
Net cash used in investing activities (3,310) (224)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of issuance costs 31,440 13,886
Proceeds from note payable 19,214 9,910
Repayments of note payable (10,000) (4,833)
Proceeds from exercise of warrant 20 92
Proceeds from exercise of stock options 31 14
Net cash provided by financing activities 40,705 19,069
Net increase in cash and cash equivalents 11,121 6,651
Cash and cash equivalents - beginning of period 8,086 [1] 7,360
Cash and cash equivalents - end of period 19,207 14,011
Supplemental disclosure:    
Cash paid for interest 1,619 636
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 from inventory to property and equipment 362 60
Issuance of note payable in settlement of accrued interest 285
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.