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
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,935) $ (5,064)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 15 24
Stock-based compensation 399 567
Changes in operating assets and liabilities:    
Prepaid expenses and other (481) 10
Accounts payable (32) (31)
Accrued expenses and deferred rent 263 (300)
Net cash used in operating activities (6,771) (4,794)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of furniture and fixtures (2)
Maturities of marketable securities 4,694
Net cash (used) provided by investing activities (2) 4,694
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds, net of expenses of $45 and $34, respectively from sale of common stock 532 1,102
Net cash provided by financing activities 532 1,102
Effect of currency rate change on cash (2)
Net (decrease) increase in cash, cash equivalents and restricted cash (6,243) 1,002
Cash, cash equivalents and restricted cash beginning of the period 25,585 19,030
Cash, cash equivalents and restricted cash end of period 19,342 20,032
Non-cash financing activities:    
Issuance of common stock under employee benefit plan $ 10