Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (12,073) $ (13,022)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 16 30
Stock-based compensation 736 808
Changes in operating assets and liabilities:    
Prepaid expenses (987) (444)
Accounts payable (358) 342
Operating lease liabilities 2
Accrued expenses and other liabilities (691) 30
Net cash used in operating activities (13,355) (12,256)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of furniture and fixtures (10) (4)
Net cash used by investing activities (10) (4)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of warrants 70
Proceeds, net of $1 and $95 expenses, from sale of common stock 420 3,462
Net cash provided by financing activities 490 3,462
Effect of currency rate change on cash (9) (19)
Net decrease in cash, cash equivalents and restricted cash (12,884) (8,817)
Cash, cash equivalents and restricted cash beginning of the period 25,134 25,585
Cash, cash equivalents and restricted cash end of period 12,250 16,768
Non-cash financing activities:    
Issuance of common stock under employee benefit plan $ 3