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
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (1,846) $ (4,897)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation and amortization 93 89
Non-cash (gain) loss on changes in fair value of warrants (4) 3,279
Stock-based compensation 332 491
Changes in operating assets and liabilities:    
Receivables (644) 485
Prepaid expenses and other assets (196) (151)
Accounts payable and other accrued liabilities 227 (411)
Deferred contract revenue 0 (911)
Net cash used in operating activities (2,038) (2,026)
Cash flows from investing activities:    
Purchases of furniture and equipment (57) (7)
Net cash used in investing activities (57) (7)
Cash flows from financing activities:    
Issuance of common stock due to the vesting of restricted shares 0 (14)
Net cash used by financing activities 0 (14)
Net decrease in cash and cash equivalents (2,095) (2,047)
Cash at beginning of period 7,857 15,470
Cash at end of period $ 5,762 $ 13,423