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, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue:      
License revenue $ 5,376 $ 215 $ 15,065
Product revenue 535 0 0
Grant revenue 707 0 0
Total revenue 6,618 215 15,065
Operating expenses:      
Cost of goods sold 538 0 0
Research and development 7,478 9,648 6,126
Selling, general and administrative 6,866 5,069 4,596
Total operating expenses 14,882 14,717 10,722
Income (loss) from operations (8,264) (14,502) 4,343
Other income (expense):      
Interest income (expense), net (887) (369) 37
Other expense, net (6) (55) (70)
Non-cash gain on changes in the fair value of warrants 0 619 825
Non-cash gain on changes in the fair value of derivatives 134 0 0
Other income (expense), net (759) 195 792
Net income (loss) and comprehensive income (loss) (9,023) (14,307) 5,135
Deemed dividend on trigger of down round provision (285) 0 0
Net income (loss) applicable to common stockholders $ (9,308) $ (14,307) $ 5,135
Basic net income (loss) per common share $ (1.64) $ (4.05) $ 1.49
Diluted net income (loss) per common share $ (1.66) $ (4.22) $ 1.20
Weighted average shares used in computing basic net income (loss) per common share 5,688 3,534 3,457
Weighted average shares used in computing diluted net income (loss) per common share 5,688 3,538 3,577