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, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net loss $ (7,178) $ (2,646)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 177 176
Non-cash loss on changes in fair value of warrants 4,464 1,148
Stock-based compensation 567 386
Changes in operating assets and liabilities:    
Receivables (508) 1,075
Prepaid expenses and other assets (93) (12)
Accounts payable and other accrued liabilities 294 (1,202)
Deferred contract revenue (1,671) (1,823)
Net cash used in operating activities (3,948) (2,898)
Cash flows from investing activities:    
Purchases of furniture and equipment (9) (10)
Net cash used in investing activities (9) (10)
Cash flows from financing activities:    
Issuance of common stock from the vesting of restricted shares (14) (37)
Net cash used by financing activities (14) (37)
Net decrease in cash and cash equivalents (3,971) (2,945)
Cash at beginning of period 15,470 11,798
Cash at end of period $ 11,499 $ 8,853