Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue:      
License revenue $ 215 $ 15,065 $ 1,671
Total revenue 215 15,065 1,671
Operating expenses:      
Research and development 9,648 6,126 4,675
General and administrative 5,069 4,596 3,755
Total operating expenses 14,717 10,722 8,430
Income (loss) from operations (14,502) 4,343 (6,759)
Other income (expense):      
Interest income (expense), net (369) 37 0
Other expense, net (55) (70) (8)
Non-cash gain (loss) on changes in the fair value of warrants 619 825 (4,512)
Other income (expense), net 195 792 (4,520)
Net income (loss) and comprehensive income (loss) applicable to common stockholders $ (14,307) $ 5,135 $ (11,279)
Basic net income (loss) per common share $ (0.67) $ 0.25 $ (0.56)
Diluted net income (loss) per common share $ (0.7) $ 0.2 $ (0.56)
Weighted average shares used in computing basic net income (loss) per common share 21,203 20,744 20,053
Weighted average shares used in computing diluted net income (loss) per common share 21,228 21,459 20,053