XML 18 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (10,622) $ (9,414)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 12 25
Stock-based compensation expense 728 3,623
Non-cash interest expense - related party   121
Change in fair value of warrant liability 4,851  
Changes in operating assets and liabilities, net of impact of assumed net assets of Macrocure:    
Prepaid expenses and other assets (117) (70)
Research and development incentive receivable 89 (397)
Accounts payable and accrued expenses (419) (237)
Net cash used in operating activities (5,478) (6,349)
Cash flows from investing activities:    
Purchases of property and equipment   (65)
Net cash used in investing activities   (65)
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 the issuance of common stock, net of underwriter commissions and discounts 15,033  
Proceeds from notes payable - related party   750
Payment of deferred offering costs (28) (2,067)
Net cash provided by financing activities 15,005 29,848
Effect of exchange rate changes on cash and cash equivalents 112 (427)
Net increase in cash and cash equivalents 9,639 23,007
Cash and cash equivalents at beginning of period 25,737 793
Cash and cash equivalents at end of period 35,376 23,800
Supplemental disclosure of non-cash financing activities:    
Accretion of preferred stock to redemption value   244
Offering costs included in accounts payable and accrued expenses $ 210  
Conversion of notes payable - related party and accrued interest 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