XML 28 R8.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net loss $ (23,138) $ (29,727)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 49 48
Stock-based compensation expense 3,469 5,600
Non-cash interest expense - related party   121
Change in fair value of warrant liability (7,284) (473)
Changes in operating assets and liabilities, net of impact of assumed net assets of Macrocure:    
Prepaid expenses and other assets (297) (99)
Deferred tax assets 20 (158)
Research and development incentive receivable 780 1,458
Accounts payable and accrued expenses 368 1,093
Net cash used in operating activities (26,033) (22,137)
Cash flows from investing activities:    
Purchases of property and equipment   (64)
Net cash used in investing activities   (64)
Cash flows from financing activities:    
Proceeds from issuance of common stock in connection with merger with Macrocure   21,165
Proceeds from issuance of common stock in connection with Subscription Agreement   10,000
Proceeds from issuance of common stock in connection with Private Placement   18,000
Proceeds from issuance of common stock, net of underwriter commissions and discounts 15,034  
Proceeds from notes payable - related party   750
Proceeds from exercise of common stock warrants 1,217  
Proceeds from the exercise of stock options 14 20
Payment of offering costs (359) (2,172)
Net cash provided by financing activities 15,906 47,763
Effect of exchange rate changes on cash and cash equivalents 674 (618)
Net increase (decrease) in cash and cash equivalents (9,453) 24,944
Cash and cash equivalents at beginning of period 25,737 793
Cash and cash equivalents at end of period 16,284 25,737
Supplemental disclosure of non-cash financing activities:    
Accretion of preferred stock to redemption value   244
Reduction in fair value of warrant liability as a result of exercise of common stock warrants 1,130  
Deferred offering costs included in accounts payable and accrued expenses $ 41 131
Conversion of notes payable-related party and accrued interest convertible preferred stock into common stock   31,145
Conversion of convertible preferred stock into common stock   70,775
Value of net assets acquired in connection with merger with Macrocure, excluding cash   $ 96