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, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
License revenue $ 2,593 $ 77 $ 3,657 $ 117
Product revenue 75 0 75 0
Revenues 2,668 77 3,732 117
Operating expenses:        
Cost of goods sold 70 0 70 0
Research and development 1,857 2,501 3,713 4,627
General and administrative 1,380 1,197 2,995 2,548
Total operating expenses 3,307 3,698 6,778 7,175
Income (loss) from operations (639) (3,621) (3,046) (7,058)
Other expense:        
Other expense, net (230) (20) (428) (10)
Non-cash gain on changes in the fair value of warrants 0 190 0 612
Other income (expense), net (230) 170 (428) 602
Net loss and comprehensive loss $ (869) $ (3,451) $ (3,474) $ (6,456)
Basic net loss per common share $ (0.04) $ (0.16) $ (0.16) $ (0.30)
Diluted net loss per common share $ (0.04) $ (0.17) $ (0.16) $ (0.33)
Weighted average shares used in computing basic net loss per common share 21,204 21,204 21,204 21,199
Weighted average shares used in computing diluted net loss per common share 21,204 21,204 21,204 21,201