Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
License revenue $ 0 $ 911 $ 1,671 $ 2,734
Total revenue 0 911 1,671 2,734
Operating expenses:        
Research and development 1,010 782 3,540 2,480
General and administrative 792 867 2,640 2,476
Total operating expenses 1,802 1,649 6,180 4,956
Loss from operations (1,802) (738) (4,509) (2,222)
Other income (expense):        
Other expense, net (3) (7) (10) (21)
Non-cash gain (loss) on changes in the fair value of warrants (2) 1,461 (4,466) 313
Other income (expense), net (5) 1,454 (4,476) 292
Net income (loss) and comprehensive income (loss) $ (1,807) $ 716 $ (8,985) $ (1,930)
Basic net income (loss) per common share (in dollars per share) $ (0.09) $ 0.04 $ (0.45) $ (0.12)
Diluted net loss per common share (in dollars per share) $ (0.09) $ (0.05) $ (0.45) $ (0.14)
Weighted average shares used in computing basic net income (loss) per common share (in shares) 20,060 16,182 20,050 16,177
Weighted average shares used in computing diluted net loss per common share (in shares) 20,060 16,249 20,050 16,233