Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

v3.7.0.1
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net loss $ (4,383) $ (3,605)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 979 1,088
Issuance of common shares - Founders Agreement 0 14
Amortization of debt discount 0 324
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (147) 167
Other receivables - related party 128 (17)
Accounts payable and accrued expenses 635 (198)
Net cash used in operating activities (2,788) (2,227)
Cash Flows from Financing Activities:    
Payment of note payable 0 (2,792)
Proceeds from issuance of common stock, net of offering costs of $0 and $6,321, respectively 0 570
Net cash used in financing activities 0 (2,222)
Net decrease in cash (2,788) (4,449)
Cash at beginning of period 35,086 50,418
Cash at end of period 32,298 45,969
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 20
Supplemental disclosure of noncash investing and financing activities:    
Issuance of common shares - Founders Agreement $ 3,919 $ 3,024