Financial Info
: Financials

Financials

v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 16,679 $ 25,496
Restricted cash 89
Prepaid expenses and other 1,391 947
Total current assets 18,159 26,443
Property and equipment, net 65 91
Restricted cash 89
Intangible asset 120 120
Security deposits 11 11
Total assets 18,355 26,754
Current liabilities:    
Accounts payable 1,640 1,296
Accrued expenses 872 830
Total current liabilities 2,512 2,126
Deferred rent payable 1 12
Total liabilities 2,513 2,138
Commitments (See Note 8)
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, none issued or outstanding
Common stock, $0.001 par value; 150,000,000 shares authorized; 8,819,887 and 7,830,040 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 9 8
Additional paid in capital 191,252 186,983
Accumulated deficit (175,385) (162,363)
Accumulated other comprehensive loss (34) (12)
Total stockholders' equity 15,842 24,616
Total liabilities and stockholders' equity $ 18,355 $ 26,754
v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
COSTS AND EXPENSES:        
Research and development $ 4,067 $ 2,806 $ 9,237 $ 5,800
General and administrative 2,076 2,016 3,894 4,113
Total costs and expenses 6,143 4,822 13,131 9,913
Operating loss (6,143) (4,822) (13,131) (9,913)
Interest income, net 56 42 109 69
NET LOSS $ (6,087) $ (4,780) $ (13,022) $ (9,844)
Net loss per common share, basic and diluted (in dollars per share) $ (0.73) $ (0.65) $ (1.60) $ (1.74)
Weighted average common shares outstanding, basic and diluted (in shares) 8,391,709 7,327,890 8,122,499 5,666,457
v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (13,022) $ (9,844)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of premium on marketable securities   6
Depreciation of property and equipment 30 34
Stock-based compensation 808 1,044
Changes in operating assets and liabilities:    
Prepaid expenses (444) (111)
Accounts payable 342 307
Accrued expenses and deferred rent 30 (590)
Net cash used in operating activities (12,256) (9,154)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (4) (2)
Maturities of marketable securities 7,174
Net cash (used in) provided by investing activities (4) 7,172
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of warrants 14
Proceeds, net of expenses of $95 and $1,168, from sale of common stock 3,462 17,386
Net cash provided by financing activities 3,462 17,400
Effect of currency rate change on cash (19) (4)
Net (decrease) increase in cash, cash equivalents and restricted cash (8,817) 15,414
Cash, cash equivalents and restricted cash beginning of the period 25,585 19,030
Cash, cash equivalents and restricted cash, end of period 16,768 34,444
Non-cash financing activities:    
Issuance of common stock under employee benefit plan $ 10