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, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (17,629) $ (6,015)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share based compensation 1,043 270
Change in fair value of convertible notes payable 0 99
Change in fair value of warrant liabilities 0 451
Debt discount amortization 0 174
Issuance of common shares - Founders Agreement 0 948
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (71) (126)
Accounts payable and accrued expenses (639) 1,408
Accounts payable and accrued expenses - related party 318 360
Interest payable 0 (57)
Accrued interest - related party 0 (46)
Net cash used in operating activities (16,978) (2,534)
Cash flows from investing activities:    
Maturity (purchase) of Short-term investments (certificates of deposits) 10,000 (10,000)
Net cash provided by (used in) investing activities 10,000 (10,000)
Cash flows from financing activities:    
Issuance of common shares 0 37,950
Offering costs 0 (3,715)
Repayment of NSC Note 0 (3,000)
Repayments of notes payable - related party 0 (2,848)
Net cash provided by financing activities 0 28,387
Net change in cash (6,978) 15,853
Cash and cash equivalents, beginning of period 11,782 197
Cash and cash equivalents, end of period 4,804 16,050
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 297
Non-cash financing activities:    
Conversion of MSA fees into common shares 0 1,000
Issuance of warrants 0 750
Extinguishment of Fortress compensation accrual 0 632
Modification to interest on fortress note 0 300
Conversion of notes payable 0 200
Change in fair value of convertible notes warrants $ 0 $ 15