Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

v3.5.0.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 7 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (3,555) $ (3,906)
Issuance of Class A common shares for license expenses 147 0
Research and development-licenses acquired, expensed 2,000 0
Issuance of common shares - Founders Agreement 0 274
Amortization of debt discount 0 90
Changes in operating assets and liabilities: 0 (2)
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses 17 1,025
Accrued expenses - related party 250 375
Accrued interest - related party 99 278
Net cash used in operating activities (1,042) (1,866)
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 NSC Note 0 3,600
Proceeds from issuance of common stock and warrants (net of offering cost of $1,363 and $0) 0 11,083
Net cash provided by financing activities 3,042 12,984
Net change in cash 0 11,118
Cash at beginning of the period 0 0
Cash at end of the period 0 11,118
Supplemental disclosure of noncash investing and financing activities:    
Issuance of common shares - Founders Agreement 1 190
Warrant liability associated with NSC Note 0 634
Fortress Note [Member]    
Cash Flows from Financing Activities:    
Proceeds from Note 3,042 1,963
Payment of Note 0 (3,533)
NSC Note [Member]    
Cash Flows from Financing Activities:    
Payments of Debt Issuance Costs $ 0 $ (129)