Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (11,208) $ (4,087)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 9 8
Warrants issued for services rendered 0 24
Stock based compensation 1,204 834
Common stock issued in exchange for intellectual property 608 0
Changes in operating assets and liabilities:    
Prepaid expenses (507) 178
Accounts payable 754 636
Accrued interest 0 (3)
Accrued expenses (577) 290
Security deposit (45) 0
Deferred rent payable (1) (3)
Net cash used in operating activities (9,763) (2,123)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of furniture and fixtures (35) 0
Increase in restricted cash balance (72) 0
Net cash used in investing activities (107) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from related party advances 0 200
Proceeds from exercise of warrants 4,889 307
Deferred offering costs 0 (101)
Proceeds, net of expenses of $2,824 from sale of common stock 40,654 0
Net cash provided by financing activities 45,543 406
Effect of currency rate change on cash (5) 0
Net increase (decrease) increase in cash 35,668 (1,717)
Cash, beginning of the period 8,202 1,785
Cash, end of period 43,870 68
Supplemental disclosures of cash flow information:    
Interest paid 0 3
Non cash investing and financing activities:    
Deferred financing costs capitalized $ 0 $ 101