CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash Flow from Operating Activities
Net loss	€ (2,030)	€ (2,011)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation	16	18
Stock compensation expense - options	8	24
Changes in operating assets and liabilities
Receivables	(65)	104
Accrued interests on notes payable	1,379	1,088
Accounts payable	(210)	(81)
Deferred revenue from grants	(231)	(6)
Other	(7)	(9)
Net cash used in operating activities	(1,140)	(873)
Cash Flows from Investing Activities
Purchase of property and equipment	0	(34)
Net cash used in investing activities	0	(34)
Cash Flows from Financing Activities
Increase in notes payable	800	1,150
Net cash provided by investing activities	800	1,150
Effect of foreign exchange rate on cash	3	(11)
Net change in cash	(337)	232
Cash, beginning of period	1,180	1,391
Cash, end of period	€ 843	€ 1,623