|
CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
12 Months Ended |
121 Months Ended |
|
Sep. 30, 2014
|
Sep. 30, 2013
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2013
|
| Cash flows from operating activities: |
|
|
|
|
|
| Net loss |
$ (5,338) |
$ (3,246) |
$ (5,302) |
$ (6,920) |
$ (32,385) |
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
|
| Depreciation and amortization |
18 |
17 |
23 |
21 |
111 |
| Stock-based compensation |
1,619 |
1,194 |
1,254 |
513 |
7,335 |
| Common stock issued for acquisition of license |
|
|
0 |
0 |
29 |
| Warrants issued for financing costs |
|
|
0 |
0 |
468 |
| Change in fair value of derivative liability |
0 |
(1,096) |
(1,096) |
50 |
(86) |
| Contributed services |
|
|
0 |
0 |
774 |
| Amortization of debt discount |
|
|
0 |
0 |
21 |
| Increase in operating assets: |
|
|
|
|
|
| Prepaid expenses |
(13) |
(118) |
(86) |
(77) |
(163) |
| Other assets |
|
|
0 |
(3) |
(3) |
| Increase in operating liabilities: |
|
|
|
|
|
| Accounts payable and accrued expenses |
(87) |
(180) |
500 |
1,895 |
3,280 |
| Cash used in operating activities |
(3,801) |
(3,429) |
(4,707) |
(4,521) |
(20,619) |
| Cash flows from investing activities: |
|
|
|
|
|
| Acquisition of office equipment |
(4) |
(8) |
(8) |
(7) |
(31) |
| Acquisition of intangibles |
|
|
0 |
0 |
(194) |
| Cash used in investing activities |
(4) |
(8) |
(8) |
(7) |
(225) |
| Cash flows from financing activities: |
|
|
|
|
|
| Proceeds from sale of common stock and warrants |
4,104 |
6,217 |
6,217 |
652 |
23,844 |
| Proceeds from exercise of warrants |
0 |
405 |
405 |
691 |
1,221 |
| Cost of common stock and warrants sold |
(327) |
(665) |
(665) |
0 |
(739) |
| Proceeds from convertible notes - stockholder |
|
|
0 |
0 |
155 |
| Repayments of convertible notes - stockholder |
|
|
0 |
0 |
(50) |
| Cash provided by financing activities |
3,777 |
5,957 |
5,957 |
1,343 |
24,431 |
| Net increase (decrease) in cash |
(28) |
2,520 |
1,242 |
(3,185) |
3,587 |
| Cash and cash equivalents, beginning of period |
3,587 |
2,345 |
2,345 |
5,530 |
0 |
| Cash and cash equivalents, end of period |
$ 3,559 |
$ 4,865 |
$ 3,587 |
$ 2,345 |
$ 3,587 |