Acquisition (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Business Acquisitions, by Acquisition

The purchase price was calculated as follows (in thousands):



Fair value of the Company's pre-Merger shares outstanding	$	12,487
Estimated fair value of the Company's pre-Merger stock options outstanding	32
Total purchase price	$	12,519

The following table summarizes the allocation of the purchase price to the assets acquired and liabilities assumed as of the acquisition date (in thousands):




Assets acquired:
Cash	$	1,812
Restricted cash	10,346
Prepaid expenses and other assets	3,103
Intangible assets	17,600
Goodwill	1,914
Total assets acquired	$	34,775
Liabilities assumed:
Accounts payable and accrued expenses	$	5,692
Litigation settlement	1,300
Long-term debt	10,988
Contingent purchase price consideration of Apthera, Inc.	1,294
Warrant liability	1,309
Deferred tax liability	1,673
Total liabilities assumed	$	22,256
Net assets acquired	$	12,519

Summary of Pro Forma Information

The following summary pro forma consolidated financial information reflects the Merger with Galena as if it had occurred on January 1, 2017 for purposes of the statements of operations. This summary pro forma information is not necessarily representative of what the Company’s results of operations would have been had the Merger in fact occurred on January 1, 2017, and is not intended to project the Company’s results of operations for any future period.



	Year Ended December 31, 2017
Net loss (in thousands)	$	(24,089	)
Basic and diluted net loss per share	$	5.15