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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net loss $ (2,320) $ (2,573)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Amortization of patent portfolio 1,027 1,598
Change in fair value of investment (345)
Change in fair value of warrant liabilities 259 (2,055)
Stock-based compensation 13 353
Depreciation expenses 2 1
Realized loss on marketable securities 303
Unrealized gain on marketable securities (262) 62
Changes in assets and liabilities:    
Prepaid expenses and other assets 93 271
Accounts payable and accrued expenses (75) (320)
Accrued salaries and benefits (177) (111)
Deferred revenue (932) 3,812
Accrued lease liabilities (133) (133)
Net cash (used in) provided by operating activities (2,547) 905
Cash flows from investing activities    
Purchase of marketable securities (11,283) (15,707)
Purchase of property and equipment (3)
Sale of marketable securities 12,533 12,070
Investment in Hoth Therapeutics, Inc. (675)
Net cash provided by (used in) investing activities 575 (3,640)
Cash flows from financing activities    
Cash paid for cancellation of common stock (4)
Cash from issuance common stock, net of offering cost 2,095 2,140
Proceeds from exercise of warrants 760
Repurchase of restricted stock units to pay for employee withholding taxes (24)
Net cash provided by financing activities 2,071 2,896
Net increase in cash and cash equivalents 99 161
Cash and cash equivalents, beginning of period 134 142
Cash and cash equivalents, end of period 233 303
Cash paid for interest and taxes 195
Non-cash investing and financing activities    
Extinguishment of Series H Convertible Preferred Stock in connection with license agreement 31,480
Recognition of deferred revenue in connection with license agreement $ 414