Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (12,186,000) $ (14,835,000)
Adjustments to reconcile net loss to cash used in operating activities:    
Loss on change in fair value of derivative - preferred stock 0 11,810,000
Depreciation and amortization 401,000 2,000
Stock option compensation expense 2,851,000 1,159,000
Stock issued to directors, employees and consultants 2,960,000 0
Stock issued for services 333,000 291,000
Change in operating assets and liabilities:    
Receivables (235,000) 71,000
Prepaid expenses and other current assets (109,000) 1,000
Other assets (29,000) 0
Accounts payable and accrued expenses (1,081,000) 767,000
Interest payable on dividends 0 423,000
Deferred revenue (451,000) (198,000)
Net cash used in operating activities (7,546,000) (509,000)
Cash flows from investing activities:    
Capital expenditures (41,000) 0
Cash from Abeona Ohio 3,697,000 0
Net cash used in investing activities 3,656,000 0
Cash flows from financing activities:    
Proceeds from $3.00 common stock issuances net of costs 7,001,000 0
Proceeds from $8.00 common stock issuances net of costs 9,005,000 0
Proceeds from $5.50 common stock issuances net of costs 15,411,000 0
Proceeds from exercise of $5.00 warrants 4,635,000 0
Payment of short-term debt (400,000) 250,000
Net cash provided by financing activities 35,652,000 250,000
Net increase (decrease) in cash and cash equivalents 31,762,000 (259,000)
Cash and cash equivalents at beginning of period 11,520,000 424,000
Cash and cash equivalents at end of period 43,282,000 165,000
Supplemental cash flow information:    
Cash paid for interest 0 0
Supplemental disclosure of noncash transactions:    
Shares issued to holders of Abeona Ohio for acquisition 31,758,000 0
Contingent milestones to Abeona Ohio members 6,489,000  
Licensed technology from Abeona Ohio 2,156,000  
Preferred stock dividends in dividends payable $ 0 $ 2,191,000