Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (3,218) $ (903)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Research and development-licenses acquired, expensed 575 0
Issuance of common shares - Founders Agreement 1,232 0
Changes in operating assets and liabilities:    
Prepaid expenses (15) 0
Accounts payable and accrued expenses (117) 116
Accrued expenses - related party (110) 125
Accrued interest - related party (411) 81
Notes payable - related party 28 0
Net cash used in operating activities (2,036) (581)
Cash Flows from Investing Activities:    
Purchase of research and development licenses (375) 0
Net cash used in investing activities (375) 0
Cash Flows from Financing Activities:    
Proceeds from Fortress Note 0 581
Payment of Fortress Note (320) 0
Proceeds from issuance of common stock and warrants, net of offering cost of $5,663 and $0, respectively 50,242 0
Net cash provided by financing activities 49,922 581
Net change in cash 47,511 0
Cash, beginning of the period 27,499 0
Cash, end of the period 75,010 0
Supplemental disclosure of cash flow information:    
Cash paid for interest 413 0
Supplemental disclosure of noncash investing and financing activities:    
Issuance of common shares - Founders Agreement 4,396 190
Common shares issuable for license acquired $ 1,682 $ 0