Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
License revenue $ 760 $ 911 $ 1,671 $ 1,823
Total revenue 760 911 1,671 1,823
Operating expenses:        
Research and development 1,099 748 2,530 1,698
General and administrative 753 713 1,848 1,609
Total operating expenses 1,852 1,461 4,378 3,307
Loss from operations (1,092) (550) (2,707) (1,484)
Other expense:        
Other expense, net (4) (8) (7) (14)
Non-cash loss on changes in the fair value of warrants (1,185) (284) (4,464) (1,148)
Other expense, net (1,189) (292) (4,471) (1,162)
Net loss and comprehensive loss $ (2,281) $ (842) $ (7,178) $ (2,646)
Basic net loss per common share (in dollars per share) $ (0.02) $ (0.01) $ (0.07) $ (0.03)
Diluted net loss per common share (in dollars per share) $ (0.02) $ (0.01) $ (0.07) $ (0.03)
Weighted average shares used in computing basic net loss per common share (in shares) 110,328 88,998 110,249 88,964
Weighted average shares used in computing diluted net loss per common share (in shares) 110,401 88,998 110,305 88,964