Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
 3 Months Ended 32 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Operating Activities      
Net loss $ (2,139,024) $ (112,133) $ (5,969,742)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 9,452 0 10,583
Share-based compensation 273,824 0 491,248
Issuance of equity instruments below fair value 0 0 108,316
Changes in operating assets and liabilities:      
Other Assets (41,117) 0 (356,895)
Prepaid expense 37,980 (33,126) (46,513)
Other liabilities (75,720) 0 386,530
Accounts payable (154,441) (4,864) 242,329
Net cash used in operating activities (2,089,046) (150,123) (5,134,144)
Investing Activities      
Purchase of property, equipment (193,277) 0 (287,467)
Net cash used in investing activities (193,277) 0 (287,467)
Financing Activities      
Return of membership capital in Matinas BioPharma LLC 0 0 (2,000)
Loans provided by founders 0 0 24,100
Payment of loans provided by founders 0 (12,850) (24,100)
Proceeds from membership units issued for cash 0 0 2,000
Proceeds from redeemable convertible preferred stock issued for cash 0 400,001 1,000,001
Preferred Stock issuance costs 0 (1,716) (47,613)
Proceeds from common stock issued for cash 0 0 15,001,000
Common stock issuance costs 0 0 (2,378,672)
Proceeds from formation of holding's common stock 0 0 375,000
Proceeds from formation warrants 0 0 10,000
Proceeds from private placement warrants 0 0 20,000
Net cash provided by financing activities 0 385,435 13,979,716
Net change in cash and cash equivalents (2,282,323) 235,312 8,558,105
Cash and cash equivalents      
Beginning of period 10,840,428 424,364 0
End of period 8,558,105 659,676 8,558,105
Supplemental disclosures of cash flow information      
Issuance of shares 0 0 953,389
Issuance of private placement warrants as consideration for equity issuance costs 0 0 1,252,111
Issuance of restricted stock for services $ 0 $ 0 $ 470,000