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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income (loss) $ (696) $ 249
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 187 186
Accounts payable, accrued expenses and other (86) 215
Net cash used in operating activities (437) (1,005)
Gain on sale of in process research and development (50) (2,139)
Stock-based compensation expense 208 484
Cash flows from investing activities    
Proceeds from sale of in process research and development 50 2,450
Net cash provided by investing activities 50 2,450
Cash flows from financing activities    
Proceeds from exercise of stock options 239  
Net cash provided by financing activities 239  
Net (decrease) increase in cash and cash equivalents (148) 1,445
Cash and cash equivalents, beginning of period 14,038 16,580
Cash and cash equivalents, end of period $ 13,890 $ 18,025