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 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
License revenue $ 77 $ 15,004 $ 117 $ 15,004
Total revenue 77 15,004 117 15,004
Operating expenses:        
Research and development 2,501 1,746 4,627 2,446
General and administrative 1,197 1,214 2,548 2,345
Total operating expenses 3,698 2,960 7,175 4,791
Income (loss) from operations (3,621) 12,044 (7,058) 10,213
Other expense:        
Other expense, net (20) (6) (10) (25)
Non-cash gain (loss) on changes in the fair value of warrants 190 (110) 612 (106)
Other income (expense), net 170 (116) 602 (131)
Net income (loss) and comprehensive income (loss) $ (3,451) $ 11,928 $ (6,456) $ 10,082
Basic net income (loss) per common share $ (0.16) $ 0.58 $ (0.3) $ 0.5
Diluted net income (loss) per common share $ (0.17) $ 0.55 $ (0.33) $ 0.48
Weighted average shares used in computing basic net income (loss) per common share 21,204 20,508 21,199 20,284
Weighted average shares used in computing diluted net income (loss) per common share 21,204 21,878 21,201 21,223