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, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:      
License revenue $ 15,065 $ 1,671 $ 3,646
Total revenue 15,065 1,671 3,646
Operating expenses:      
Research and development 6,126 4,675 4,075
General and administrative 4,596 3,755 3,046
Total operating expenses 10,722 8,430 7,121
Income (loss) from operations 4,343 (6,759) (3,475)
Other income (expense):      
Interest income, net 37 0 0
Other income (expense), net (70) (8) (11)
Non-cash gain (loss) on changes in the fair value of warrants 825 (4,512) 1,083
Other income (expense), net 792 (4,520) 1,072
Net income (loss) and comprehensive income (loss) applicable to common stockholders $ 5,135 $ (11,279) $ (2,403)
Basic net income (loss) per common share $ 0.25 $ (0.56) $ (0.14)
Diluted net income (loss) per common share $ 0.20 $ (0.56) $ (0.20)
Weighted average shares used in computing basic net income (loss) per common share 20,744 20,053 17,057
Weighted average shares used in computing diluted net income (loss) per common share 21,459 20,053 17,060