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
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (3,130) $ (18,251)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share based compensation 431 1,286
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 96 (9)
Accounts payable and accrued expenses 92 (2,133)
Accounts payable and accrued expenses - related party 23 (442)
Net cash used in operating activities (2,488) (19,549)
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 (3,488) 7,784
Cash and cash equivalents, beginning of period 8,745 2,671
Cash and cash equivalents, end of period $ 5,257 10,455
Non-cash financing activities:    
Prior period financing costs   $ 833