Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net loss $ (14,526,000) $ (26,778,000)
Adjustments to reconcile net loss to cash used in operating activities:    
Loss on change in fair value of derivative-preferred stock 0 23,110,000
Depreciation and amortization 551,000 11,000
Stock option compensation expense 4,368,000 1,305,000
Stock issued to directors, employees and consultants 4,852,000 0
Stock issued for services 401,000 349,000
Change in operating assets and liabilities:    
Receivables (79,000) 39,000
Prepaid expenses and other current assets (287,000) 77,000
Other assets (29,000) 0
Accounts payable and accrued expenses (1,174,000) 33,000
Interest on dividends payable 0 592,000
Contingent consideration milestone (3,898,000) 0
Deferred revenue (602,000) (349,000)
Net cash used in operating activities (10,423,000) (1,611,000)
Cash flows from investing activities:    
Capital expenditures (308,000) 0
Cash from Abeona Ohio acquisition 3,697,000 0
Net cash provided by investing activities 3,389,000 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
Proceeds from $4.00 common stock net of costs 0 12,307,000
Proceeds/payment of short-term debt (400,000) 400,000
Net cash provided by financing activities 35,652,000 12,707,000
Net increase in cash and cash equivalents 28,618,000 11,096,000
Cash and cash equivalents at beginning of year 11,520,000 424,000
Cash and cash equivalents at end of year 40,138,000 11,520,000
Supplemental cash flow information:    
Cash paid for interest 7,000 7,000
Supplemental disclosure of noncash transactions    
Shares issued to holders of Abeona Ohio for acquisition 31,758,000 0
Contingent milestones to Abeona Ohio members 2,591,000 0
Licensed technology from Abeona Ohio 2,156,000 0
Cancel treasury stock 0 4,000
Payable in cash or future issuance of common shares for licensed technology 0 5,000,000
Preferred stock dividends in dividends payable 0 2,875,000
Conversion of Series A Preferred Stock Unpaid Dividends and Interest and Liquidation Damages into Shares of Common Stock [Member]    
Conversion of Stock [Line Items]    
Conversion of Stock, Amount Converted 0 7,081,000
Conversion of Series B Preferred Stock Unpaid Dividends and Interest and Liquidation Damages into Shares of Common Stock [Member]    
Conversion of Stock [Line Items]    
Conversion of Stock, Amount Converted $ 0 $ 3,094,000