Exhibit
Number |
Description of Exhibit
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99.1
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Press release: Tikcro Technologies Reports First Quarter 2016 Results, dated June 1, 2016.
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TIKCRO TECHNOLOGIES LTD.
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|||
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By:
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/s/ Aviv Boim | |
Aviv Boim | |||
Chief Executive Officer
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Date: June 1, 2016
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Exhibit
Number
|
Description of Exhibit
|
99.1
|
Press release: Tikcro Technologies Reports First Quarter 2016 Results, dated June 1, 2016.
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For more information contact:
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PRESS RELEASE
|
Investor Relations
Garth Russell
KCSA Strategic Communications
(212) 896-1250
grussell@kcsa.com
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Tikcro Technologies Ltd.
Condensed Balance Sheets
(US dollars in thousands)
|
||||||||
March 31,
2016
Unaudited
|
December 31, 2015
Audited
|
|||||||
Assets
|
||||||||
Current assets
|
||||||||
Cash and cash equivalents
|
$ | 8,334 | $ | 8,560 | ||||
Other receivables
|
152 | 173 | ||||||
Total current assets
|
8,486 | 8,733 | ||||||
Property and equipment, net
|
93 | 67 | ||||||
Total assets
|
$ | 8,579 | $ | 8,800 | ||||
Liabilities and Shareholders' Equity
|
||||||||
Current liabilities
|
||||||||
Other current liabilities
|
$ | 229 | $ | 226 | ||||
Shareholders' equity
|
8,350 | 8,574 | ||||||
Total liabilities and shareholders' equity
|
$ | 8,579 | $ | 8,800 |
Three Months Ended March 31,
|
||||||||
2016
|
2015
|
|||||||
Research and development expenses
|
$ | 111 | $ | 50 | ||||
General and administrative expenses, net
|
168 | 114 | ||||||
Total operating expenses
|
279 | 164 | ||||||
Operating loss
|
(279 | ) | (164 | ) | ||||
Financial expenses, net
|
(4 | ) | (27 | ) | ||||
Net loss
|
$ | (283 | ) | $ | (191 | ) | ||
Basic and diluted net loss per share
|
$ | (0.03 | ) | $ | (0.02 | ) | ||
Weighted average number of shares used computing basic and diluted loss per share
|
9,879 | 8,838 |