Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited)

v3.3.1.900
Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Data [Abstract]  
Quarterly Financial Information [Text Block]

13. Selected Quarterly Financial Data (Unaudited)

 

The following table sets forth certain unaudited quarterly financial data for 2015 and 2014. This unaudited information has been prepared on the same basis as the audited information included elsewhere in this Annual Report on Form 10-K and includes all adjustments necessary to present fairly the information set forth therein.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31,

 

June 30,

 

September 30,

 

December 31,

 

 

2015

    

2015

    

2015

    

2015

 

 

(in thousands, except per share data)

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

1,723

 

$

1,875

 

$

1,238

 

$

1,751

General and administrative

 

 

761

 

 

1,016

 

 

722

 

 

1,924

Change in fair value of warrant liability, unit purchase option liability and investor rights obligation

 

 

(535)

 

 

198

 

 

1,465

 

 

185

Interest income (expense), net

 

 

(219)

 

 

(219)

 

 

(197)

 

 

(158)

Net loss

 

$

(3,238)

 

$

(2,912)

 

$

(692)

 

$

(3,648)

Net loss attributable to common stockholders

 

$

(3,238)

 

$

(2,912)

 

$

(692)

 

$

(3,648)

Net loss per share of common stock, basic and diluted

 

$

(4.98)

 

$

(4.48)

 

$

(1.06)

 

$

(0.53)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31,

 

June 30,

 

September 30,

 

December 31,

 

 

2014

    

2014

    

2014

    

2014

 

 

(in thousands, except per share data)

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

2,750

 

$

2,861

 

$

4,371

 

$

2,259

General and administrative

 

 

879

 

 

794

 

 

1,627

 

 

1,575

Change in fair value of warrant liability, unit purchase option liability and investor rights obligation

 

 

 —

 

 

386

 

 

348

 

 

1,532

Interest income (expense), net

 

 

0

 

 

(795)

 

 

(190)

 

 

(221)

Net loss

 

$

(3,629)

 

$

(4,064)

 

$

(5,840)

 

$

(2,523)

Net income (loss) attributable to common stockholders

 

$

(3,629)

 

$

(4,064)

 

$

6,695

 

$

(2,523)

Earnings (net loss) per share of common stock, basic and diluted

 

$

(5.71)

 

$

(6.39)

 

$

10.35

 

$

(3.88)