CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - EUR (€) € in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash Flow from Operating Activities
Net loss	€ (3,101)	€ (3,031)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation	23	28
Stock compensation expense - options	9	31
Changes in operating assets and liabilities
Receivables	(258)	114
Accrued interests on notes payable	2,050	1,655
Accounts payable	(179)	(24)
Deferred revenue from grants	(274)	(432)
Other	(2)	0
Net cash used in operating activities	(1,732)	(1,659)
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	6	(18)
Net change in cash	(926)	(561)
Cash, beginning of period	1,180	1,391
Cash, end of period	€ 254	€ 830