Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities:    
Net Loss $ (13,421) $ (15,492)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,074 3,409
Common stock issued to vendor 26 0
Subsidiary stock issues to vendor 36 0
Warrant issued to vendor 9 0
Change in fair value of warrant liabilities (4,083) (10,738)
Depreciation 272 245
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 234 1,688
Deposits and other assets 0 0
Accounts payable (987) 27
Accrued expenses (607) (1,101)
Accrued employee benefits (742) 1,761
Deferred rent (90) (3)
Net Cash Used In Operating Activities (17,279) (20,204)
Cash Flows From Investing Activities:    
Purchases of property and equipment (7) (212)
Net Cash Used In Investing Activities (7) (212)
Cash Flows From Financing Activities:    
Proceeds from sale of Series A Preferred Stock, net of issuance cost 0 11,953
Proceeds from Units offering, net of issuance cost 16,916 0
Proceeds from "at the market" stock issuance 12,172 6,358
Proceeds from issuance of common stock for stock option exercises 0 166
Net Cash Provided By Financing Activities 29,088 18,477
Net increase (decrease) in cash 11,802 (1,939)
Cash and cash equivalents at beginning of period 17,116 19,055
Cash and cash equivalents at end of period 28,918 17,116
NONCASH FINANCING ACTIVITIES:    
Conversion of Series B Preferred Stock 4,042 0
In-kind dividends in preferred stock 243 73
Series A Preferred Stock [Member]    
NONCASH FINANCING ACTIVITIES:    
Deemed dividend for accretion of Preferred Stock discount 0 6,889
Series B Preferred Stock [Member]    
NONCASH FINANCING ACTIVITIES:    
Deemed dividend for accretion of Preferred Stock discount $ 11,681 $ 0