Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

v3.10.0.1
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities:    
Net loss $ (18,892) $ (15,687)
Research and development - licenses acquired, expensed 1,075 2,375
Issuance of common shares - Founders Agreement 0 1,234
Stock-based compensation expenses 3,869 1,230
Depreciation expense 320 0
Capital contribution from Fortress 0 2,062
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (737) (414)
Interest receivables (1) (35)
Other receivables - related party (50) 0
Accounts payable and accrued expenses 1,137 1,923
Payable and accrued expenses - related party 138 (56)
Accrued interest - related party 0 (413)
Deferred rent 420 0
Net cash used in operating activities (12,721) (7,781)
Cash Flows from Investing Activities:    
Purchase of short-term investment (certificates of deposit) (47,500) (34,088)
Maturity of certificate of deposit 51,002 0
Purchase of research and development licenses (1,075) (2,375)
Purchase of fixed assets (6,566) (22)
Net cash used in investing activities (4,139) (36,485)
Cash Flows from Financing Activities:    
Payment of Fortress Note 0 (320)
Proceeds from issuance of common stock and warrants, net of offering cost of $5,674 0 50,296
Proceeds from exercise of warrants 181 0
Net cash provided by financing activities 181 49,976
Net change in cash, cash equivalents and restricted cash (16,679) 5,710
Cash, cash equivalents and restricted cash, beginning of the period 35,475 27,499
Cash, cash equivalents and restricted cash, end of the period 18,796 33,209
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 413
Supplemental disclosure of noncash investing and financing activities:    
Fixed assets (acquired but not paid) 125 117
Issuance of common shares - Founders Agreement 9,558 4,396
Common shares issuable for license acquired $ 0 $ 1,682