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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flow from operating activities    
Net loss $ (2,382) $ (3,809)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization 80 80
Depreciation 108 21
Stock-based compensation 507 318
Change in fair value of warrant liability (2,374) 0
Loss on extinguishment of warrant liability 440 0
(Increase) decrease in assets    
Prepaid drug product for testing (216) (19)
Other current assets (109) (1,097)
Increase (decrease) in liabilities    
Accounts payable and accrued expenses (257) (124)
Net cash used in operating activities (4,203) (4,630)
Cash flow from investing activities    
Purchases of furniture, fixtures & equipment (538) 0
Net cash used in investing activities (538) 0
Cash flow from financing activities    
Net proceeds from exercise of warrants 1,548 0
Net cash provided by financing activities 1,548 0
Net decrease in cash (3,193) (4,630)
Cash, beginning of period 9,375 8,854
Cash, end of period 6,182 4,224
Non-cash investing activities    
Incremental fair value of warrant liability modification 797 0
Conversion of warrant liability to equity 175 0
Offering expenses included in accrued expense $ 30 $ 0