Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (46,811) $ (17,915)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 176 93
Intangible asset impairment charges   500
Amortization of debt discounts and issuance costs 3,740 1,271
Costs of warrants issued at IPO 5,790  
Write-off of debt discounts and issuance costs at IPO 10,132  
Change in fair value of warrant liability (7,114) (117)
Provision for doubtful accounts 69  
Stock issued to dissenting shareholder   159
Stock-based compensation expense 13,611 1,588
Changes in assets and liabilities:    
Accounts receivable (5,315) (5,523)
Expenditures billable to clients (1,783) (733)
Prepaid expenses and other current assets (1,641) (174)
Accounts payable 3,519 (10,208)
Accrued media payments 2,597 4,522
Other accrued liabilities 651 523
Customer advances 2,009 4,559
Net cash used in operating activities (20,370) (21,455)
Cash flows from investing activities:    
Purchases of marketable securities (39,850)  
Capital expenditures (16) (20)
Addition to intangible assets (30)  
Deposits for operating leases (774)  
Net cash used in investing activities (40,670) (20)
Cash flows from financing activities:    
Net proceeds from public offering 32,580  
Proceeds from exercise of Primary Warrant 29,263  
Proceeds from exercise of stock options 5 72
Debt issuance costs (68) (168)
Repurchase of common stock (56)  
Net cash provided by financing activities 69,724 9,904
Net increase (decrease) in cash and cash equivalents 8,684 (11,571)
Cash and cash equivalents, beginning of period 12,078 19,197
Cash and cash equivalents, end of period 20,762 7,626
Non-cash investing and financing activities:    
Conversion of convertible notes payable, including accrued interest, to common stock 28,782  
Conversion of redeemable convertible preferred stock to common stock 27,266  
Bridge Loan [Member]    
Cash flows from financing activities:    
Proceeds from debt 8,000  
Convertible Notes Payable [Member]    
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Amortization of debt discounts and issuance costs $ 1,271 1,271
Cash flows from financing activities:    
Proceeds from debt   $ 10,000