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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (32,900) $ (23,138)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 47 49
Change in right of use assets. 729  
Stock-based compensation expense 3,732 3,469
Change in fair value of restricted stock liability 159  
Change in fair value of warrant liability   (7,284)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 302 (297)
Deferred tax assets (3) 20
Research and development incentive receivable 643 780
Accounts payable and accrued expenses 1,084 368
Lease liability (695)  
Net cash used in operating activities (26,902) (26,033)
Cash flows from investing activities:    
Purchases of property and equipment (100)  
Proceeds from sale of property and equipment 15  
Net cash used in investing activities (85)  
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net of underwriter commissions and discounts 12,331 15,034
Proceeds from issuance of common stock from ATM sales 1,923  
Proceeds from issuance of common stock in connection with July 2019 Lincoln Park Capital Registered Offering Purchase Agreement 1,000  
Proceeds from the exercise of common stock warrants   1,217
Proceeds from the exercise of stock options   14
Payment of deferred offering costs (437) (359)
Net cash provided by financing activities 14,817 15,906
Effect of exchange rate changes on cash and cash equivalents (223) 674
Net decrease in cash and cash equivalents (12,393) (9,453)
Cash and cash equivalents at beginning of period 16,284 25,737
Cash and cash equivalents at end of period 3,891 16,284
Supplemental disclosure of non-cash financing activities:    
Reduction in fair value of warrant liability as a result of exercise of common stock warrants   1,130
Reclassification of 2017 Warrants from liability to equity 3,448  
Dividend attributable to down round feature of warrants 359  
Offering costs included in accounts payable and accrued expenses 444 $ 41
Right-of-use asset recorded upon adoption of ASU 2016-02 1,755  
Lease liability recorded upon adoption of ASU 2016-02 1,720  
Accrued rent reclassified upon adoption of ASU 216-02 $ 35