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
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ 7,462 $ (8,985)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 279 265
Non-cash loss on changes in fair value of warrants 111 4,466
Stock-based compensation 783 659
Changes in operating assets and liabilities:    
Receivables (1,695) 70
Prepaid expenses and other assets (104) (117)
Accounts payable and other accrued liabilities 1,865 (397)
Deferred contract revenue 0 (1,671)
Net cash provided by (used in) operating activities 8,701 (5,710)
Cash flows from investing activities:    
Purchases of furniture and equipment (96) (56)
Net cash used in investing activities (96) (56)
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 8,632 (5,780)
Cash at beginning of period 7,857 15,470
Cash at end of period 16,489 9,690
Schedule of non-cash transactions    
Fair value of warrants at the time of reclassification to equity $ 0 $ 8,646