Financial Info
: Financials

Financials

v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 14,674 $ 25,496
Restricted cash 99
Prepaid expenses and other 1,107 947
Total current assets 15,880 26,443
Property and equipment, net 55 91
Restricted cash 89
Intangible asset 120 120
Security deposits   11
Total assets 16,055 26,754
Current liabilities:    
Accounts payable 1,051 1,296
Accrued expenses 1,295 830
Total current liabilities 2,346 2,126
Deferred rent payable 12
Total liabilities 2,346 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; 10,480,456 and 7,830,040 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 10 8
Additional paid in capital 194,592 186,983
Accumulated deficit (180,864) (162,363)
Accumulated other comprehensive loss (29) (12)
Total stockholders' equity 13,709 24,616
Total liabilities and stockholders' equity $ 16,055 $ 26,754
v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
COSTS AND EXPENSES:        
Research and development $ 3,264 $ 3,908 $ 12,501 $ 9,708
General and administrative 2,277 1,927 6,171 6,040
Total costs and expenses 5,541 5,835 18,672 15,748
Operating loss (5,541) (5,835) (18,672) (15,748)
Interest income, net 62 49 171 118
NET LOSS $ (5,479) $ (5,786) $ (18,501) $ (15,630)
Net loss per common share, basic and diluted (in dollars per share) $ (0.57) $ (0.77) $ (2.15) $ (2.49)
Weighted average common shares outstanding, basic and diluted (in shares) 9,587,025 7,508,036 8,616,039 6,287,062
v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (18,501) $ (15,630)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of premium on marketable securities 6
Depreciation of property and equipment 43 50
Stock-based compensation 1,259 1,477
Changes in operating assets and liabilities:    
Prepaid expenses (149) 123
Security deposit (7)
Accounts payable (249) (490)
Accrued expenses and deferred rent 450 (710)
Net cash used in operating activities (17,147) (14,201)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (7) (2)
Maturities of marketable securities 7,174
Net cash (used) provided by investing activities (7) 7,172
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of warrants 14
Proceeds, net of expenses of $172 and $1,168, from sale of common stock 6,352 17,387
Net cash provided by financing activities 6,352 17,401
Effect of currency rate change on cash (10) (3)
Net (decrease) increase in cash, cash equivalents and restricted cash (10,812) 10,369
Cash, cash equivalents and restricted cash beginning of the period 25,585 19,030
Cash, cash equivalents and restricted cash, end of period 14,773 29,399
Non-cash financing activities:    
Issuance of common stock under employee benefit plan $ 74