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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income (loss) $ 555 $ (8,988)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation 584 583
Non-cash interest expense 166 111
Non-cash change in fair value of PIPE Warrant liability (8,815) 1,465
Non-cash charge for Settlement Warrants (Note 9)   42
Amortization of premium and discount on investments   5
Changes in operating assets and liabilities:    
Accounts receivable 455 (198)
Prepaid expenses and other current assets 241 249
Other noncurrent assets   4
Accounts payable (1,390) 944
Accrued contract research 98 (984)
Other accrued liabilities (778) (496)
Deferred revenue 546 1,019
Deferred research and development reimbursements (118) (274)
Net cash used in operating activities (8,456) (6,518)
Investing activities    
Purchases of marketable securities   (6,801)
Proceeds from maturities and sales of marketable securities   14,537
Net cash provided by investing activities   7,736
Financing activities    
Proceeds from issuance of common stock, net of issuance costs 7,512 518
Proceeds from issuance of stock for stock-based compensation arrangements   15
Payment of end-of-term loan costs (Note 6)   (540)
Net cash provided by (used in) financing activities 7,512 (7)
Net (decrease) increase in cash and cash equivalents (944) 1,211
Cash and cash equivalents at beginning of period 24,427 14,949
Cash and cash equivalents at end of period 23,483 16,160
Supplemental cash flow information    
Cash paid for interest 507 509
Non-cash operating activity    
Increase to deferred revenue due to adoption of ASC Topic 606 - transition adjustment on January 1, 2018   $ 2,711
Deferred offering costs accrued at period end $ 212