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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Cash flows from operating activities: | |||
| Net loss | $ (20,386)us-gaap_NetIncomeLoss | $ (37,158)us-gaap_NetIncomeLoss | $ (27,610)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Stock-based compensation expense | 5,546us-gaap_ShareBasedCompensation | 5,902us-gaap_ShareBasedCompensation | 3,638us-gaap_ShareBasedCompensation |
| Acquired in-process research and development | 0us-gaap_ResearchAndDevelopmentInProcess | 0us-gaap_ResearchAndDevelopmentInProcess | 1,043us-gaap_ResearchAndDevelopmentInProcess |
| Noncash interest expense | 634us-gaap_OtherNoncashExpense | 536us-gaap_OtherNoncashExpense | 130us-gaap_OtherNoncashExpense |
| Depreciation expense | 23us-gaap_Depreciation | 17us-gaap_Depreciation | 3us-gaap_Depreciation |
| Asset impairment | 722us-gaap_AssetImpairmentCharges | 0us-gaap_AssetImpairmentCharges | 0us-gaap_AssetImpairmentCharges |
| Change in fair value of investments | (942)cndo_ChangeInFairValueOfShortTermInvestments | 0cndo_ChangeInFairValueOfShortTermInvestments | 0cndo_ChangeInFairValueOfShortTermInvestments |
| Changes in operating assets and liabilities: | |||
| Prepaid, other current assets and short-term investment | (139)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (117)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (238)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Interest payable - related parties | 0cndo_IncreaseDecreaseInInterestPayableRelatedParties | 0cndo_IncreaseDecreaseInInterestPayableRelatedParties | (19)cndo_IncreaseDecreaseInInterestPayableRelatedParties |
| Interest payable | (81)us-gaap_IncreaseDecreaseInInterestPayableNet | (10)us-gaap_IncreaseDecreaseInInterestPayableNet | 119us-gaap_IncreaseDecreaseInInterestPayableNet |
| Accounts payable and accrued expenses | (849)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 1,184us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (260)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| End of term charge associated with Hercules Note | (398)us-gaap_IncreaseDecreaseInOtherAccountsPayable | ||
| Other | (464)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | 0us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | 0us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet |
| Net cash used in operating activities | (16,334)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (29,646)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (23,194)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Cash flows from investing activities: | |||
| Purchase of property and equipment | 0us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (40)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (54)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Purchase of investments, short-term | (346)us-gaap_PaymentsToAcquireShortTermInvestments | 0us-gaap_PaymentsToAcquireShortTermInvestments | 0us-gaap_PaymentsToAcquireShortTermInvestments |
| Purchase of investments, long-term | (2,925)us-gaap_PaymentsToAcquireLongtermInvestments | 0us-gaap_PaymentsToAcquireLongtermInvestments | 0us-gaap_PaymentsToAcquireLongtermInvestments |
| Deposit for leasehold improvements | 0us-gaap_PaymentsForCapitalImprovements | (148)us-gaap_PaymentsForCapitalImprovements | (225)us-gaap_PaymentsForCapitalImprovements |
| Purchase of marketable securities, short-term | (20,002)us-gaap_IncreaseDecreaseInTradingSecurities | 0us-gaap_IncreaseDecreaseInTradingSecurities | 0us-gaap_IncreaseDecreaseInTradingSecurities |
| Net cash used in investing activities | (23,273)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (188)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (279)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Cash flows from financing activities: | |||
| Payment of PCP notes payableTSO asset purchase | 0cndo_PaymentOfNotesPayableAssetPurchaseAgreement | 0cndo_PaymentOfNotesPayableAssetPurchaseAgreement | (750)cndo_PaymentOfNotesPayableAssetPurchaseAgreement |
| Proceeds from issuance of Common Stock | 4,117us-gaap_ProceedsFromIssuanceOfCommonStock | 92,399us-gaap_ProceedsFromIssuanceOfCommonStock | 28,855us-gaap_ProceedsFromIssuanceOfCommonStock |
| Payment of costs related to the issuance of Common Stock | (32)us-gaap_PaymentsOfStockIssuanceCosts | (1,898)us-gaap_PaymentsOfStockIssuanceCosts | (2,305)us-gaap_PaymentsOfStockIssuanceCosts |
| Payment of Hercules Note | (13,654)us-gaap_RepaymentsOfNotesPayable | (1,345)us-gaap_RepaymentsOfNotesPayable | 0us-gaap_RepaymentsOfNotesPayable |
| Proceeds from issuance of Hercules Note | 0us-gaap_ProceedsFromIssuanceOfLongTermDebt | 0us-gaap_ProceedsFromIssuanceOfLongTermDebt | 15,000us-gaap_ProceedsFromIssuanceOfLongTermDebt |
| Proceeds from IDB Note | 14,009us-gaap_ProceedsFromNotesPayable | ||
| Payment of debt issue costs associated with Hercules Note | 0us-gaap_PaymentsOfFinancingCosts | 0us-gaap_PaymentsOfFinancingCosts | (288)us-gaap_PaymentsOfFinancingCosts |
| Payment of debt issue costs associated with IDB Note | (9)us-gaap_PaymentsOfDebtIssuanceCosts | 0us-gaap_PaymentsOfDebtIssuanceCosts | 0us-gaap_PaymentsOfDebtIssuanceCosts |
| Transfer of restricted cash | (14,586)us-gaap_IncreaseDecreaseInRestrictedCash | 0us-gaap_IncreaseDecreaseInRestrictedCash | 0us-gaap_IncreaseDecreaseInRestrictedCash |
| Net cash (used in)/provided by financing activities | (10,155)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 89,156us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 40,512us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| (Decrease)/Increase in cash and cash equivalents | (49,762)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 59,322us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 17,039us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents-beginning of period | 99,521us-gaap_CashAndCashEquivalentsAtCarryingValue | 40,199us-gaap_CashAndCashEquivalentsAtCarryingValue | 23,160us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents-end of period | 49,759us-gaap_CashAndCashEquivalentsAtCarryingValue | 99,521us-gaap_CashAndCashEquivalentsAtCarryingValue | 40,199us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | 785us-gaap_InterestPaid | 1,387us-gaap_InterestPaid | 421us-gaap_InterestPaid |
| Supplemental disclosure of non-cash financing and investing activities: | |||
| Issuance of Warrant related to Hercules Note | 0us-gaap_DebtConversionConvertedInstrumentAmount1 | 0us-gaap_DebtConversionConvertedInstrumentAmount1 | 323us-gaap_DebtConversionConvertedInstrumentAmount1 |
| Issuance of Restricted Stock | $ 4us-gaap_StockIssuedDuringPeriodValueIssuedForServices | $ 4us-gaap_StockIssuedDuringPeriodValueIssuedForServices | $ 0us-gaap_StockIssuedDuringPeriodValueIssuedForServices |
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- Definition
Represents the value of change in fair value of short term investments. No definition available.
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- Definition
The increase (decrease) during the reporting period in interest payable, which represents the amount owed to related parties. No definition available.
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- Definition
Payment of notes payable asset purchase agreement. No definition available.
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- Details
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- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other obligations due by the reporting entity that are payable within one year (or one business cycle), not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in the fair value of equity or debt securities classified as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other expenses or losses included in net income that result in no cash outflows or inflows in the period and are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The cash outflow for acquisition of or capital improvements to properties held for investment (operating, managed, leased) or for use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for cost incurred directly with the issuance of an equity security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, beyond the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the long-term. No definition available.
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of purchased research and development assets that are acquired in a business combination have no alternative future use and are therefore written off in the period of acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders. No definition available.
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- Details
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