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
 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