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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net loss $ (5,860) $ (7,273)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 417 896
Depreciation and amortization 2 2
Amortization of debt discount and debt issuance costs 42 48
Changes in operating assets and liabilities:    
Prepaids and other assets (91) 988
Accounts payable (532) (659)
Accrued clinical expense (80) (197)
Accrued compensation (266) (578)
Other accrued liabilities 255 223
Net cash used in operating activities (6,113) (6,550)
Cash flows from investing activities    
Proceeds from maturities of marketable securities   742
Net cash provided by investing activities   742
Cash flows from financing activities    
Principal payments on notes payable (1,406)  
Proceeds from issuance of convertible preferred stock offering, net 7,944  
Proceeds from issuance of common stock, net 10,690  
Proceeds from issuance of common stock through controlled equity offering facilities, net   32
Proceeds from exercise of stock options and stock purchase rights   164
Net cash provided by financing activities 17,228 196
Net increase (decrease) in cash and cash equivalents 11,115 (5,612)
Cash and cash equivalents at beginning of period 13,696 [1] 26,977
Cash and cash equivalents at end of period 24,811 $ 21,365
Supplemental disclosure of non-cash activities    
Conversion of preferred stock to common stock 3,228  
Legal expenses accrued as cost of equity financing $ 98  
[1] The condensed consolidated balance sheet as of December 31, 2018, has been derived from the audited financial statements as of that date included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.