CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - EUR (€) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue
Research and development services	€ 0	€ 30	€ 202	€ 379
Grants	399	149	897	528
Total revenue	399	179	1,099	907
Expenses
Research and development	555	241	1,522	599
General and administrative	276	298	900	930
Bank fee	1	1	2	2
Depreciation	10	11	28	33
Directors' fees	5	5	15	15
Foreign exchange and other	(78)	(20)	(285)	(62)
Total expenses	769	536	2,182	1,517
Operating loss	(370)	(357)	(1,083)	(610)
Interest expense	647	642	1,942	1,926
Loss before income tax (provision) benefit	(1,017)	(999)	(3,025)	(2,536)
Income tax (provision) benefit	(3)	(4)	(6)	16
Net Loss	(1,020)	(1,003)	(3,031)	(2,520)
Other comprehensive loss
Foreign currency translation adjustment	(9)	0	(18)	(4)
Comprehensive loss	€ (1,029)	€ (1,003)	€ (3,049)	€ (2,524)
Basic earnings per share	€ (0.00)	€ (0.00)	€ (0.01)	€ (0.01)
Diluted earnings per share	€ (0.00)	€ (0.00)	€ (0.01)	€ (0.01)