Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities:    
Net Loss $ (3,058) $ (11,078)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,135 1,052
Change in fair value of warrant liabilities (5,090) 498
Depreciation 57 37
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (851) 2,403
Deposits and other assets 0 (12)
Accounts payable 1,803 184
Accrued expenses (493) 649
Accrued employee benefits 474 592
Deferred rent 15 1
Net Cash Used In Operating Activities (6,008) (5,674)
Cash Flows From Investing Activities:    
Purchases of property and equipment (11) (44)
Net Cash Used In Investing Activities (11) (44)
Cash Flows From Financing Activities:    
Proceeds from issuance of common stock from stock option exercises 166 0
Proceeds from “at the market” stock issuance 269 0
Net Cash Provided By Financing Activities 435 0
Net decrease in cash (5,584) (5,718)
Cash at beginning of period 19,055 20,818
Cash at end of period 13,471 15,100
Supplemental disclosures of cash flow information:    
Cash paid for interest 0 0
Cash paid for taxes $ 0 $ 0