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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net loss $ (6,545) $ (2,515)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 97 220
Bad debt expense 24  
Non-cash charges for stock-based compensation 923 548
(Gain)/loss on sale of long lived assets (18) 58
Changes in current assets and liabilities, net (509) (428)
Changes in non-current assets, net 89 89
Net cash used in operating activities (5,939) (2,028)
Cash flows provided by investing activities:    
Purchases of equipment (100) (44)
Proceeds from sale of property and equipment 18 5
Purchases of investment securities   (9,723)
Proceeds from sale or maturity of investment securities 5,092 3,843
Net cash provided by/(used in) investing activities 5,010 (5,919)
Cash flows from financing activities:    
(Costs)/proceeds from issuance of common stock (24) 10,666
Cash flows from financing activities: (24) 10,666
Change in cash and cash equivalents (953) 2,719
Beginning balance of cash and cash equivalents 7,968 5,249
Ending balance of cash and cash equivalents $ 7,015 $ 7,968