Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENT OF CASH FLOWS

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CONDENSED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (661) $ (1,047)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share based compensation 5 9
Change in fair value of convertible notes payable 4 89
Change in fair value of warrant liabilities (3) 0
Debt discount amortization 33 29
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses 362 (192)
Accrued expenses - related party 220 206
Interest payable (52) 0
Accrued interest - related party 58 29
Net cash used in operating activities (34) (877)
Cash flows from financing activities:    
Deferred financing costs (234) 0
Proceeds from notes payable - related party 71 875
Net cash (used in) provided by financing activities (163) 875
Net change in cash (197) (2)
Cash, beginning of period 197 14
Cash, end of period 0 12
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 115 $ 85