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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flow from operating activities    
Net loss $ (4,856) $ (5,379)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization 120 121
Depreciation 185 31
Stock-based compensation 675 550
Change in fair value of warrant liability (2,374) (1,420)
Loss on extinguishment of warrant liability 440 0
(Increase) decrease in assets    
Prepaid drug product for testing (277) 364
Other current assets 391 (733)
Increase (decrease) in liabilities    
Accounts payable and accrued expenses (36) (71)
Net cash used in operating activities (5,732) (6,537)
Cash flow from investing activities    
Purchases of furniture, fixtures & equipment (538) (25)
Net cash used in investing activities (538) (25)
Cash flow from financing activities    
Net proceeds from sale of common stock 0 9,007
Net proceeds from exercise of warrants 1,518 0
Net cash provided by financing activities 1,518 9,007
Net increase (decrease) in cash (4,752) 2,445
Cash, beginning of period 9,375 8,854
Cash, end of period 4,623 11,299
Non-cash financing activities    
Incremental fair value of warrant liability modification 797 0
Conversion of warrant liability to equity $ 175 $ 0