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, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ 10,082 $ (7,178)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 186 177
Non-cash loss on changes in fair value of warrants 106 4,464
Stock-based compensation 581 567
Changes in operating assets and liabilities:    
Receivables (638) (508)
Prepaid expenses and other assets (63) (93)
Accounts payable and other accrued liabilities 1,215 294
Deferred contract revenue 0 (1,671)
Net cash provided by (used in) operating activities 11,469 (3,948)
Cash flows from investing activities:    
Purchases of furniture and equipment (48) (9)
Net cash used in investing activities (48) (9)
Cash flows from financing activities:    
Issuance of common stock from the exercise of options 27 0
Issuance of common stock from the vesting of restricted shares 0 (14)
Net cash provided by (used in) financing activities 27 (14)
Net increase (decrease) in cash and cash equivalents 11,448 (3,971)
Cash at beginning of period 7,857 15,470
Cash at end of period $ 19,305 $ 11,499