Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities:    
Net Loss $ (11,078) $ (12,358)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,052 827
Stock issued for milestone payments 0 350
Change in fair value of warrant liabilities 498 4,152
Depreciation 37 8
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 2,403 (26)
Deposits and other assets (12) (12)
Accounts payable 184 563
Accrued expenses 649 1,348
Accrued employee benefits 592 (310)
Deferred rent 1 0
Net Cash Used In Operating Activities (5,674) (5,458)
Cash Flows From Investing Activities:    
Purchases of property and equipment (44) (18)
Net Cash Used In Investing Activities (44) (18)
Net decrease in cash (5,718) (5,476)
Cash at beginning of period 20,818 17,525
Cash at end of period 15,100 12,049
Supplemental disclosures of cash flow information:    
Cash paid for interest 0 0
Cash paid for taxes $ 0 $ 0