Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities:    
Net Loss $ (7,373) $ (16,842)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,006 1,959
Change in fair value of warrant liabilities (7,249) (3,015)
Depreciation 116 57
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 975 3,745
Deposits and other assets (1) (11)
Accounts payable (270) 143
Accrued expenses (877) 1,543
Accrued employee benefits 896 897
Deferred rent 29 (10)
Net Cash Used In Operating Activities (11,748) (11,534)
Cash Flows From Investing Activity:    
Purchases of property and equipment (11) (45)
Net Cash Used In Investing Activity (11) (45)
Cash Flows From Financing Activities:    
Proceeds from issuance of common stock for stock option exercises 166 810
Proceeds from “at the market” stock issuance 5,914 0
Net Cash Provided By Financing Activities 6,080 810
Net decrease in cash (5,679) (10,769)
Cash at beginning of period 19,055 20,818
Cash at end of period 13,376 10,049
Supplemental disclosures of cash flow information:    
Cash paid for interest 0 0
Cash paid for taxes $ 0 $ 0