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Selected Financial Data (Tables)
9 Months Ended
Sep. 30, 2018
Quarterly Financial Data [Abstract]  
Summary of Selected Financial Data

The following table includes selected financial data for each of the quarters in 2017 and for each of the quarters ended March 31, 2018, June 30, 2018 and September 30, 2018.

 

 

 

 

 

 

For the quarter ended

 

(in thousands, except per share and share data)

 

September 30,

2018

 

June 30,

2018

 

 

March 31,

2018

 

 

December 31,

2017

 

 

September 30,

2017

 

 

June 30,

2017

 

 

March 31,

2017

 

 

 

 

 

 

(Unaudited)

 

Revenue in conjunction

   with strategic alliances

   and collaborations

 

$

3,423

 

$

2,386

 

 

$

2,367

 

 

$

2,020

 

 

$

3,296

 

 

$

3,761

 

 

$

3,921

 

Research and

   development expenses,

   net

 

 

3,969

 

 

4,225

 

 

 

3,941

 

 

 

4,353

 

 

 

3,563

 

 

 

3,769

 

 

 

4,233

 

General and

   administrative

   expenses

 

 

3,810

 

 

8,233

 

 

 

5,098

 

 

 

2,634

 

 

 

2,846

 

 

 

1,058

 

 

 

1,034

 

Net loss from operations

 

 

(4,356

)

 

(10,072

)

 

 

(6,672

)

 

 

(4,967

)

 

 

(3,113

)

 

 

(1,066

)

 

 

(1,346

)

Net loss

 

 

(4,253

)

 

(9,950

)

 

 

(6,571

)

 

 

(5,280

)

 

 

(3,177

)

 

 

(1,099

)

 

 

(1,346

)

Net loss per share, basic

   and diluted

 

$

(0.42

)

$

(0.99

)

 

$

(0.66

)

 

$

(0.86

)

 

$

(1.51

)

 

$

(0.54

)

 

$

(0.66

)

Weighted average shares

   outstanding, basic and

   diluted

 

 

10,092,891

 

 

10,057,048

 

 

 

10,027,834

 

 

 

6,151,580

 

 

 

2,099,318

 

 

 

2,031,599

 

 

 

2,031,599

 

 

 

 

 

 

 

 

As of

 

 

 

September 30,

2018

 

June 30,

2018

 

 

March 31,

2018

 

 

December 31,

2017

 

 

September 30,

2017

 

 

June 30,

2017

 

 

March 31,

2017

 

 

 

 

 

 

(Unaudited)

 

Working capital

 

$

20,801

 

$

23,429

 

 

$

37,383

 

 

$

39,828

 

 

$

5,144

 

 

$

6,432

 

 

$

1,706

 

Total assets

 

$

37,115

 

$

44,322

 

 

$

52,483

 

 

$

52,024

 

 

$

12,221

 

 

$

13,354

 

 

$

9,678

 

Shareholders' equity (deficit)

 

$

14,151

 

$

17,795

 

 

$

27,543

 

 

$

33,794

 

 

$

(1,999

)

 

$

(826

)

 

$

253