Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 10 Months Ended 12 Months Ended
Dec. 31, 2015
Dec. 31, 2016
Cash flows from operating activities:    
Net loss $ (4,466) $ (12,654)
Common shares issuable for license acquired 147 1,682
Research and development-licenses acquired, expensed 2,000 0
Issuance of common shares - Founders Agreement 0 862
Common shares issuable for Founders Agreement 190 4,396
Debt discount amortization 0 763
Change in fair value of derivative warrant liabilities 0 159
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses 15 668
Accrued expenses - related party 375 (250)
Accrued interest - related party 168 245
Net cash used in operating activities (1,571) (4,129)
Cash Flows from Investing Activities:    
Purchase of research and development licenses (2,000) 0
Net cash used in investing activities (2,000) 0
Cash Flows from Financing Activities:    
Proceeds from Fortress Note 3,571 2,221
Payment of Fortress Note 0 (2,001)
Payment of NSC Note 0 (3,600)
Proceeds from issuance of common stock and warrants, net of offering cost of $4,090 and $0, respectively 0 35,008
Net cash provided by financing activities 3,571 31,628
Net change in cash 0 27,499
Cash, beginning of the period 0 0
Cash, end of the period 0 27,499
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 140
Supplemental disclosure of noncash investing and financing activities:    
Issuance of common shares - Founders Agreement 1 190
Warrant liability associated with NCS Note 0 793
Exchange of Class A preferred stock and common stock 0 1
Transfer from Fortress of NSC Note, net of discount of $129 and $0, respectively $ 0 $ 3,471