Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (4,158) $ (20,493)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share based compensation 592 1,585
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 143 76
Accounts payable and accrued expenses (14) (1,960)
Accounts payable and accrued expenses - related party 17 (471)
Net cash used in operating activities (3,420) (21,263)
Cash flows from investing activities:    
Purchase of Short-term investments (certificates of deposit)   (5,000)
Milestone payment for research and development licenses (1,000)  
Net cash used in investing activities (1,000) (5,000)
Cash flows from financing activities:    
Issuance of common shares   35,000
Offering costs   (2,667)
Net cash provided by financing activities   32,333
Net change in cash (4,420) 6,070
Cash and cash equivalents, beginning of period 8,745 2,671
Cash and cash equivalents, end of period $ 4,325 8,741
Non-cash financing activities:    
Prior period financing costs   $ 833