Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues:    
Collaboration revenue $ 6,564
Operating expenses:    
Research and development 4,004 4,667
General and administrative 4,863 4,352
Impairments 46,103 53,905
Total operating expenses 54,970 62,924
Loss from operations (48,406) (62,924)
Other (expense) income:    
Interest expense, net (19) (58)
Gain on settlement of mortgage note receivable 106
Loss on disposal of property and equipment (60)
Change in fair value of derivative liabilities 256 306
Total other income, net 237 294
Loss before income taxes (48,169) (62,630)
Income tax benefit 13,582
Net loss $ (48,169) $ (49,048)
Net loss per common share:    
Loss per share, basic and diluted $ (1.51) $ (1.75)
Weighted average number of common shares outstanding, basic and diluted 31,859 28,009