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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flow from operating activities    
Net loss $ (7,023) $ (6,750)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization 160 161
Depreciation 251 43
Stock-based compensation 793 784
Change in fair value of warrant liability (2,374) (1,713)
Loss on extinguishment of warrant liability 440 0
(Increase) decrease in assets    
Prepaid drug product for testing (741) 184
Other current assets 549 (723)
Increase (decrease) in liabilities    
Accounts payable and accrued expenses 0 (146)
Deferred revenue (12) 12
Net cash used in operating activities (7,957) (8,148)
Cash flow from investing activities    
Purchases of furniture, fixtures & equipment (538) (338)
Net cash used in investing activities (538) (338)
Cash flow from financing activities    
Net proceeds from sale of common stock 3,567 9,007
Net proceeds from exercise of warrants 1,518 0
Net cash provided by financing activities 5,085 9,007
Net increase (decrease) in cash (3,410) 521
Cash, beginning of year 9,375 8,854
Cash, end of year 5,965 9,375
Non-cash financing activities    
Warrants transferred to equity upon modification 797 0
Conversion of warrant liability to equity 175 0
Capital expenditures included in accrued expense $ 0 $ 247