Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (5,151) $ (25,908)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share based compensation 710 1,839
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 57 (18)
Deferred financing costs 0 61
Accounts payable and accrued expenses (244) (2,760)
Accounts payable and accrued expenses - related party 15 (473)
Licenses payable 0 1,000
Net cash used in operating activities (4,613) (26,259)
Cash flows from investing activities:    
Purchase of Short-term investments (certificates of deposit) 0 (5,000)
Maturity of Short-term investments (certificates of deposit) 0 5,000
Milestone payment for research and development licenses (1,000) 0
Net cash used in investing activities (1,000) 0
Cash flows from financing activities:    
Issuance of common shares 0 35,000
Offering costs 0 (2,667)
Net cash provided by financing activities 0 32,333
Net change in cash (5,613) 6,074
Cash and cash equivalents, beginning of period 8,745 2,671
Cash and cash equivalents, end of period 3,132 8,745
Non-cash financing activities:    
Prior period financing costs $ 0 $ 833