Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

v3.3.0.814
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (8,985) $ (1,930)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 265 265
Non-cash (gain) loss on changes in fair value of warrants 4,466 (313)
Stock-based compensation 659 457
Changes in operating assets and liabilities:    
Receivables 70 675
Prepaid expenses and other assets (117) (63)
Accounts payable and other accrued liabilities (397) (650)
Deferred contract revenue (1,671) (2,734)
Net cash used in operating activities (5,710) (4,293)
Cash flows from investing activities:    
Purchases of furniture and equipment (56) (18)
Net cash used in investing activities (56) (18)
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 (5,780) (4,348)
Cash at beginning of period 15,470 11,798
Cash at end of period 9,690 7,450
Schedule of non-cash transactions    
Fair value of warrants at the time reclassification to equity $ 8,646 $ 0