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
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (18,627) $ (7,177)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 15 12
Warrants issued for services rendered 0 30
Stock based compensation 2,088 1,276
Common stock issued in exchange for intellectual property 608 0
Changes in operating assets and liabilities:    
Prepaid expenses (268) 178
Accounts payable 1,688 160
Accrued interest 0 (3)
Accrued expenses (127) 542
Security deposit (45) 0
Deferred rent payable 46 (4)
Net cash used in operating activities (14,622) (4,986)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of furniture and fixtures (194) (8)
Increase in restricted cash balance (73) 0
Net cash used in investing activities (267) (8)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from related party promissory notes 0 280
Repayments of related party promissory notes (280) 0
Proceeds from exercise of warrants 5,358 307
Net proceeds from sale of common stock 47,836 10,042
Net cash provided by financing activities 52,914 10,629
Effect of currency rate change on cash 0 0
Net increase in cash 38,025 5,635
Cash, beginning of the period 8,202 1,785
Cash, end of period 46,227 7,420
Supplemental disclosures of cash flow information:    
Interest paid $ 0 $ 3