Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue:      
License revenue $ 1,671 $ 3,646 $ 9,057
Royalty revenue 0 0 1,424
Total revenue 1,671 3,646 10,481
Operating expenses:      
Research and development 4,675 4,075 8,309
General and administrative 3,755 3,046 3,063
Total operating expenses 8,430 7,121 11,372
Loss from operations (6,759) (3,475) (891)
Other income (expense):      
Interest expense, net 0 0 (1,568)
Other income (expense), net (8) (11) 10,433
Non-cash gain (loss) on changes in the fair value of warrants (4,512) 1,083 1,737
Other income (expense), net (4,520) 1,072 10,602
Net income (loss) and comprehensive income (loss) applicable to common stockholders $ (11,279) $ (2,403) $ 9,711
Basic net income (loss) per common share $ (0.56) $ (0.14) $ 0.65
Diluted net income (loss) per common share $ (0.56) $ (0.2) $ 0.53
Weighted average shares used in computing basic net income (loss) per common share 20,053 17,057 14,927
Weighted average shares used in computing diluted net income (loss) per common share 20,053 17,060 15,029