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, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net loss $ (4,466) $ (31,288) $ (12,654)
Common shares issuable for license acquired 147 0 1,682
Research and development-licenses acquired, expensed 2,000 2,875 0
Issuance of common shares - Founders Agreement 0 1,234 862
Common shares issuable for Founders Agreement 190 9,558 4,396
Amortization of debt discount 0 0 763
Change in fair value of derivative liabilities 0 0 159
Stock-based compensation expenses 0 2,012 0
Capital contribution from Fortress 0 2,062 0
Depreciation expense 0 2 0
Changes in operating assets and liabilities:      
Prepaid expenses 0 (278) 0
Interest receivables 0 (106) 0
Accounts payable and accrued expenses 15 1,332 668
Payable and accrued expenses - related party 375 12 (250)
Accrued interest - related party 168 (413) 245
Deferred rent 0 50 0
Net cash used in operating activities (1,571) (12,948) (4,129)
Cash Flows from Investing Activities:      
Purchase of short-term investment (certificates of deposit) 0 (46,002) 0
Maturity of certificate of deposit 0 20,000 0
Purchase of research and development licenses (2,000) (2,375) 0
Purchase of fixed assets - construction-in-process 0 (424) 0
Security deposits paid 0 (251) 0
Net cash used in investing activities (2,000) (29,052) 0
Cash Flows from Financing Activities:      
Proceeds from Fortress Note 3,571 0 2,221
Payment of Fortress Note 0 (320) (2,001)
Payment from NSC Note 0 0 (3,600)
Proceeds from issuance of common stock and warrants, net of offering cost of $5,674, $4,090 and $0, respectively 0 50,296 35,008
Net cash provided by financing activities 3,571 49,976 31,628
Net change in cash, cash equivalents and restricted cash 0 7,976 27,499
Cash, cash equivalents and restricted cash, beginning of the period 0 27,499 0
Cash, cash equivalents and restricted cash, end of the period 0 35,475 27,499
Supplemental disclosure of cash flow information:      
Cash paid for interest 0 413 140
Supplemental disclosure of noncash investing and financing activities:      
Research and development licenses included in accounts payable and accrued liabilities 0 500 0
Construction-in-progress included in accounts payable and accrued liabilities 0 817 0
Property, plant and equipment included in account payable and accrued liabilities 0 142 0
Issuance of common shares - Founders Agreement 1 4,396 190
Warrant liability associated with NSC Note 0 0 793
Exchange of Class A Preferred stock and common stock 0 0 1
Transfer from Fortress of NSC Note, net of discount of $0, $129 and $0, respectively 0 0 3,471
Common shares issuable for license acquired $ 0 $ 1,682 $ 0