CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - EUR (€) € in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenue
Research and development services	€ 98	€ 130	€ 202	€ 349
Grants	219	193	498	379
Total revenue	317	323	700	728
Expenses
Research and development	300	249	967	358
General and administrative	294	289	624	632
Bank fee	1	0	1	1
Depreciation	9	12	18	22
Directors' fees	5	5	10	10
Foreign exchange and other	(172)	50	(207)	(42)
Total expenses	437	605	1,413	981
Operating (Loss)	(120)	(282)	(713)	(253)
Interest expense	649	642	1,295	1,284
Loss before income tax (provision) benefit	(769)	(924)	(2,008)	(1,537)
Income tax (provision) benefit	(3)	0	(3)	20
Net Loss	(772)	(924)	(2,011)	(1,517)
Other comprehensive loss
Foreign currency translation adjustment	(11)	2	(9)	(4)
Comprehensive loss	€ (783)	€ (922)	€ (2,020)	€ (1,521)
Basic earnings per share	€ (0.00)	€ (0.00)	€ (0.01)	€ (0.00)
Diluted earnings per share	€ (0.00)	€ (0.00)	€ (0.01)	€ (0.00)