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
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (21,452) $ (12,073)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 12 16
Common stock issued to acquire in-process research and development 1,360  
Stock-based compensation 1,093 736
Changes in operating assets and liabilities:    
Prepaid expenses and other 74 (987)
Accounts payable 118 (358)
Lease liabilities and ROU asset, net (2) 2
Accrued expenses and other current liabilities (570) (691)
Net cash used in operating activities (19,367) (13,355)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of furniture and fixtures (14) (10)
Net cash used by investing activities (14) (10)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of warrants 7,474 70
Proceeds from ESPP 2  
Proceeds, net of $711 and $0 expenses, from sale of preferred stock 4,602  
Proceeds, net of $2,644 and $1 expenses, from sale of common stock and warrants 51,099 420
Net cash provided by financing activities 63,177 490
Effect of currency rate change on cash (23) (9)
Net increase (decrease) in cash, cash equivalents and restricted cash 43,773 (12,884)
Cash, cash equivalents and restricted cash beginning of the period 11,349 25,134
Cash, cash equivalents and restricted cash end of period 55,122 $ 12,250
Non-cash financing activities:    
Warrants deemed dividend 451  
Series B Convertible preferred stock and deemed dividend $ 1,260