|
x
|
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
o
|
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
Delaware
|
|
27-2004382
|
(State or other jurisdiction of incorporation or organization)
|
|
(I.R.S. Employer Identification No.)
|
|
|
|
11055 Flintkote Avenue, San Diego, California
|
|
92121
|
(Address of principal executive offices)
|
|
(Zip Code)
|
|
|
|
(858) 952-7570
|
||
(Registrant’s telephone number, including area code)
|
Title of each class:
|
|
Trading Symbol(s)
|
|
Name of each exchange on which registered:
|
Common Stock
|
|
TROV
|
|
Nasdaq Capital Market
|
Large accelerated filer
o
|
|
Accelerated filer
o
|
|
Non-accelerated filer
x
|
|
Smaller reporting company
x
|
|
Emerging growth company
o
|
|
|
June 30, 2019
|
|
December 31, 2018
|
||||
Assets
|
|
|
|
||||
Current assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
10,791,270
|
|
|
$
|
11,453,133
|
|
Accounts receivable and unbilled receivable
|
122,281
|
|
|
167,755
|
|
||
Prepaid expenses
|
906,466
|
|
|
1,144,377
|
|
||
Total current assets
|
11,820,017
|
|
|
12,765,265
|
|
||
Property and equipment, net
|
252,053
|
|
|
1,304,433
|
|
||
Operating lease right-of-use assets
|
1,660,631
|
|
|
—
|
|
||
Other assets
|
135,262
|
|
|
102,798
|
|
||
Total Assets
|
$
|
13,867,963
|
|
|
$
|
14,172,496
|
|
|
|
|
|
||||
Liabilities and Stockholders’ Equity
|
|
|
|
||||
Current liabilities:
|
|
|
|
||||
Accounts payable
|
$
|
525,690
|
|
|
$
|
664,840
|
|
Accrued expenses
|
2,352,265
|
|
|
1,813,842
|
|
||
Operating lease liabilities
|
816,102
|
|
|
—
|
|
||
Deferred rent, current portion
|
—
|
|
|
486,636
|
|
||
Total current liabilities
|
3,694,057
|
|
|
2,965,318
|
|
||
Derivative financial instruments—warrants
|
18,287
|
|
|
32,315
|
|
||
Operating lease liabilities, net of current portion
|
1,307,384
|
|
|
—
|
|
||
Deferred rent, net of current portion
|
—
|
|
|
1,090,671
|
|
||
Total Liabilities
|
5,019,728
|
|
|
4,088,304
|
|
||
|
|
|
|
||||
Commitments and contingencies (Note 8)
|
|
|
|
|
|
||
|
|
|
|
||||
Stockholders’ equity
|
|
|
|
||||
Preferred stock, $0.001 par value, 20,000,000 shares authorized; 277,100 designated as Series A Convertible Preferred Stock; 60,600 shares outstanding at June 30, 2019 and December 31, 2018 with liquidation preference of $606,000 at June 30, 2019 and December 31, 2018; 200,000 designated as Series C Convertible Preferred Stock; 0 shares outstanding at June 30, 2019 and December 31, 2018
|
60
|
|
|
60
|
|
||
Common stock, $0.0001 par value, 150,000,000 shares authorized; 5,441,390 and 3,831,880 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively
|
7,997
|
|
|
7,742
|
|
||
Additional paid-in capital
|
210,706,090
|
|
|
202,267,605
|
|
||
Service receivables
|
(1,364,234
|
)
|
|
—
|
|
||
Accumulated deficit
|
(200,501,678
|
)
|
|
(192,191,215
|
)
|
||
Total stockholders’ equity
|
8,848,235
|
|
|
10,084,192
|
|
||
Total liabilities and stockholders’ equity
|
$
|
13,867,963
|
|
|
$
|
14,172,496
|
|
|
Three Months Ended June 30,
|
|
Six Months Ended June 30,
|
||||||||||||
|
2019
|
|
2018
|
|
2019
|
|
2018
|
||||||||
Revenues:
|
|
|
|
|
|
|
|
||||||||
Royalties
|
$
|
36,852
|
|
|
$
|
52,423
|
|
|
$
|
98,873
|
|
|
$
|
101,478
|
|
Services and other
|
101,433
|
|
|
59,390
|
|
|
201,370
|
|
|
110,471
|
|
||||
Total revenues
|
138,285
|
|
|
111,813
|
|
|
300,243
|
|
|
211,949
|
|
||||
Costs and expenses:
|
|
|
|
|
|
|
|
||||||||
Cost of revenues
|
—
|
|
|
204,436
|
|
|
—
|
|
|
570,780
|
|
||||
Research and development
|
2,830,340
|
|
|
1,952,767
|
|
|
5,478,939
|
|
|
3,836,605
|
|
||||
Selling, general and administrative
|
1,527,904
|
|
|
2,150,871
|
|
|
3,003,026
|
|
|
4,655,848
|
|
||||
Restructuring charges
|
—
|
|
|
243,335
|
|
|
—
|
|
|
243,335
|
|
||||
Total operating expenses
|
4,358,244
|
|
|
4,551,409
|
|
|
8,481,965
|
|
|
9,306,568
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Loss from operations
|
(4,219,959
|
)
|
|
(4,439,596
|
)
|
|
(8,181,722
|
)
|
|
(9,094,619
|
)
|
||||
|
|
|
|
|
|
|
|
||||||||
Interest income
|
69,761
|
|
|
36,202
|
|
|
134,504
|
|
|
57,973
|
|
||||
Interest expense
|
—
|
|
|
(925
|
)
|
|
—
|
|
|
(25,161
|
)
|
||||
Gain from change in fair value of derivative financial instruments—warrants
|
23,789
|
|
|
711,229
|
|
|
14,028
|
|
|
581,540
|
|
||||
Gain on extinguishment of debt
|
—
|
|
|
17,974
|
|
|
—
|
|
|
17,974
|
|
||||
Other income (expense), net
|
1,106
|
|
|
(71,839
|
)
|
|
3,116
|
|
|
(70,839
|
)
|
||||
Net loss
|
(4,125,303
|
)
|
|
(3,746,955
|
)
|
|
(8,030,074
|
)
|
|
(8,533,132
|
)
|
||||
|
|
|
|
|
|
|
|
||||||||
Preferred stock dividend payable on Series A Convertible Preferred Stock
|
(6,060
|
)
|
|
(6,060
|
)
|
|
(12,120
|
)
|
|
(12,120
|
)
|
||||
Deemed dividend recognized on beneficial conversion features of Series B Convertible Preferred Stock issuance
|
—
|
|
|
(2,769,533
|
)
|
|
—
|
|
|
(2,769,533
|
)
|
||||
Deemed dividend recognized on beneficial conversion features of Series C Convertible Preferred Stock issuance
|
—
|
|
|
—
|
|
|
(268,269
|
)
|
|
—
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Net loss attributable to common stockholders
|
$
|
(4,131,363
|
)
|
|
$
|
(6,522,548
|
)
|
|
$
|
(8,310,463
|
)
|
|
$
|
(11,314,785
|
)
|
|
|
|
|
|
|
|
|
||||||||
Net loss per common share — basic
|
$
|
(0.79
|
)
|
|
$
|
(5.27
|
)
|
|
$
|
(1.78
|
)
|
|
$
|
(11.27
|
)
|
Net loss per common share — diluted
|
$
|
(0.79
|
)
|
|
$
|
(5.27
|
)
|
|
$
|
(1.78
|
)
|
|
$
|
(11.27
|
)
|
|
|
|
|
|
|
|
|
||||||||
Weighted-average shares outstanding — basic
|
5,241,924
|
|
|
1,237,244
|
|
|
4,667,434
|
|
|
1,004,391
|
|
||||
Weighted-average shares outstanding — diluted
|
5,241,924
|
|
|
1,237,244
|
|
|
4,667,434
|
|
|
1,004,391
|
|
|
Preferred Stock
Shares |
|
Preferred Stock
Amount |
|
Common Stock
Shares |
|
Common Stock
Amount |
|
Additional
Paid-In Capital |
|
Service Receivable
|
|
Accumulated Deficit
|
|
Total
Stockholders’ Equity |
||||||||||||||
Balance, January 1, 2019
|
60,600
|
|
|
$
|
60
|
|
|
3,831,879
|
|
|
$
|
7,742
|
|
|
$
|
202,267,605
|
|
|
$
|
—
|
|
|
$
|
(192,191,215
|
)
|
|
$
|
10,084,192
|
|
Stock-based compensation
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
200,067
|
|
|
—
|
|
|
—
|
|
|
200,067
|
|
||||||
Issuance of common stock, preferred stock and warrants for clinical trial funding commitment, net of expenses and discount of $40,000 and $235,640, respectively
|
200,000
|
|
|
200
|
|
|
183,334
|
|
|
110
|
|
|
1,634,690
|
|
|
(1,675,000
|
)
|
|
—
|
|
|
(40,000
|
)
|
||||||
Deemed dividend recognized on beneficial conversion features of Series C Convertible Preferred Stock issuance
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
268,269
|
|
|
—
|
|
|
(268,269
|
)
|
|
—
|
|
||||||
Issuance of common stock upon exercise of warrants
|
—
|
|
|
—
|
|
|
497,313
|
|
|
50
|
|
|
3,282,216
|
|
|
—
|
|
|
—
|
|
|
3,282,266
|
|
||||||
Issuance of common stock upon vesting of restricted stock units
|
—
|
|
|
—
|
|
|
6,362
|
|
|
4
|
|
|
(4
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||
Preferred stock dividend payable on Series A Convertible Preferred Stock
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(6,060
|
)
|
|
(6,060
|
)
|
||||||
Issuance of common stock for share rounding as a result of reverse stock split
|
—
|
|
|
—
|
|
|
6,466
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||
Release of clinical trial funding commitment
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
70,487
|
|
|
—
|
|
|
70,487
|
|
||||||
Net loss
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(3,904,771
|
)
|
|
(3,904,771
|
)
|
||||||
Balance, March 31, 2019
|
260,600
|
|
|
260
|
|
|
4,525,354
|
|
|
7,906
|
|
|
207,652,843
|
|
|
(1,604,513
|
)
|
|
(196,370,315
|
)
|
|
9,686,181
|
|
||||||
Stock-based compensation
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
148,834
|
|
|
—
|
|
|
—
|
|
|
148,834
|
|
||||||
Sale of common stock and warrants, net of expenses
|
—
|
|
|
—
|
|
|
421,917
|
|
|
42
|
|
|
2,902,698
|
|
|
—
|
|
|
—
|
|
|
2,902,740
|
|
||||||
Issuance of common stock upon exercise of warrants
|
—
|
|
|
—
|
|
|
156,353
|
|
|
16
|
|
|
1,548
|
|
|
—
|
|
|
—
|
|
|
1,564
|
|
||||||
Issuance of common stock upon vesting of restricted stock units
|
—
|
|
|
—
|
|
|
4,433
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||
Issuance of common stock upon conversion of Series C Convertible Preferred Stock
|
(200,000
|
)
|
|
(200
|
)
|
|
333,333
|
|
|
33
|
|
|
167
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||
Preferred stock dividend payable on Series A Convertible Preferred Stock
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(6,060
|
)
|
|
(6,060
|
)
|
||||||
Release of clinical trial funding commitment
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
240,279
|
|
|
—
|
|
|
240,279
|
|
||||||
Net loss
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
|
|
(4,125,303
|
)
|
|
(4,125,303
|
)
|
|||||||
Balance, June 30, 2019
|
60,600
|
|
|
$
|
60
|
|
|
5,441,390
|
|
|
$
|
7,997
|
|
|
$
|
210,706,090
|
|
|
$
|
(1,364,234
|
)
|
|
$
|
(200,501,678
|
)
|
|
$
|
8,848,235
|
|
|
Preferred Stock
Shares |
|
Preferred Stock
Amount |
|
Common Stock
Shares |
|
Common Stock
Amount |
|
Additional
Paid-In Capital |
|
Accumulated Deficit
|
|
Total
Stockholders’ Equity |
||||||||||||
Balance, January 1, 2018
|
60,600
|
|
|
$
|
60
|
|
|
733,217
|
|
|
$
|
5,279
|
|
|
$
|
179,546,954
|
|
|
$
|
(173,046,186
|
)
|
|
$
|
6,506,107
|
|
Stock-based compensation
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,406,131
|
|
|
—
|
|
|
1,406,131
|
|
|||||
Issuance of common stock upon exercise of warrants
|
—
|
|
|
—
|
|
|
71,347
|
|
|
514
|
|
|
1,448,653
|
|
|
—
|
|
|
1,449,167
|
|
|||||
Issuance of common stock upon vesting of restricted stock units
|
—
|
|
|
—
|
|
|
12,567
|
|
|
90
|
|
|
(90
|
)
|
|
—
|
|
|
—
|
|
|||||
Preferred stock dividend payable on Series A Convertible Preferred Stock
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(6,060
|
)
|
|
(6,060
|
)
|
|||||
Cumulative adjustment upon adoption of ASC 606
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
109,922
|
|
|
109,922
|
|
|||||
Net loss
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(4,786,177
|
)
|
|
(4,786,177
|
)
|
|||||
Balance, March 31, 2018
|
60,600
|
|
|
60
|
|
|
817,131
|
|
|
5,883
|
|
|
182,401,648
|
|
|
(177,728,501
|
)
|
|
4,679,090
|
|
|||||
Stock-based compensation
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
221,300
|
|
|
—
|
|
|
221,300
|
|
|||||
Sale of common stock and warrants, net of expenses
|
—
|
|
|
—
|
|
|
1,523,333
|
|
|
914
|
|
|
11,778,611
|
|
|
—
|
|
|
11,779,525
|
|
|||||
Sale of Series B Convertible Preferred Stock, net of expenses
|
8,860
|
|
|
9
|
|
|
—
|
|
|
—
|
|
|
4,386,753
|
|
|
—
|
|
|
4,386,762
|
|
|||||
Deemed dividend recognized on beneficial conversion features of Series B Convertible Preferred Stock issuance
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,769,533
|
|
|
(2,769,533
|
)
|
|
—
|
|
|||||
Issuance of common stock upon exercise of warrants
|
—
|
|
|
—
|
|
|
7,570
|
|
|
55
|
|
|
163,445
|
|
|
—
|
|
|
163,500
|
|
|||||
Issuance of common stock upon conversion of Series B Convertible Preferred Stock
|
(3,210
|
)
|
|
(3
|
)
|
|
535,000
|
|
|
321
|
|
|
(318
|
)
|
|
—
|
|
|
—
|
|
|||||
Preferred stock dividend payable on Series A Convertible Preferred Stock
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(6,060
|
)
|
|
(6,060
|
)
|
|||||
Issuance of common stock for share rounding as a result of reverse stock split
|
—
|
|
|
—
|
|
|
1,134
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||
Net loss
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(3,746,955
|
)
|
|
(3,746,955
|
)
|
|||||
Balance, June 30, 2018
|
66,250
|
|
|
$
|
66
|
|
|
2,884,168
|
|
|
$
|
7,173
|
|
|
$
|
201,720,972
|
|
|
$
|
(184,251,049
|
)
|
|
$
|
17,477,162
|
|
|
Six Months Ended June 30,
|
||||||
|
2019
|
|
2018
|
||||
Operating activities
|
|
|
|
||||
Net loss
|
$
|
(8,030,074
|
)
|
|
$
|
(8,533,132
|
)
|
Adjustments to reconcile net loss to net cash used in operating activities:
|
|
|
|
||||
Loss on disposal of assets
|
—
|
|
|
198,099
|
|
||
Impairment loss
|
—
|
|
|
187,500
|
|
||
Depreciation and amortization
|
87,219
|
|
|
483,495
|
|
||
Stock-based compensation expense
|
348,901
|
|
|
1,627,431
|
|
||
Gain on extinguishment of debt
|
—
|
|
|
(17,974
|
)
|
||
Deferred rent
|
—
|
|
|
(163,847
|
)
|
||
Change in fair value of derivative financial instruments—warrants
|
(14,028
|
)
|
|
(581,540
|
)
|
||
Release of clinical trial funding commitment
|
310,766
|
|
|
—
|
|
||
Changes in operating assets and liabilities:
|
|
|
|
||||
Other assets
|
(32,464
|
)
|
|
(199,743
|
)
|
||
Accounts receivable and unbilled receivable
|
45,474
|
|
|
62,935
|
|
||
Prepaid expenses
|
163,950
|
|
|
191,321
|
|
||
Operating lease right-of-use assets
|
309,713
|
|
|
—
|
|
||
Accounts payable and accrued expenses
|
387,046
|
|
|
638,701
|
|
||
Operating lease liabilities
|
(379,662
|
)
|
|
—
|
|
||
Net cash used in operating activities
|
(6,803,159
|
)
|
|
(6,106,754
|
)
|
||
|
|
|
|
||||
Investing activities:
|
|
|
|
||||
Capital expenditures
|
(5,274
|
)
|
|
(5,100
|
)
|
||
Purchases of short-term investments
|
—
|
|
|
(31,500
|
)
|
||
Net cash used in investing activities
|
(5,274
|
)
|
|
(36,600
|
)
|
||
|
|
|
|
||||
Financing activities:
|
|
|
|
||||
Proceeds from sales of common stock and warrants, net of expenses of $97,260 and $1,336,123, respectively
|
2,902,740
|
|
|
11,779,525
|
|
||
Proceeds from sales of Series B Convertible Preferred Stock, net of expenses of $497,617
|
—
|
|
|
4,386,762
|
|
||
Costs related to the clinical trial funding commitment
|
(40,000
|
)
|
|
—
|
|
||
Proceeds from exercise of warrants
|
3,283,830
|
|
|
1,612,667
|
|
||
Payment upon debt extinguishment
|
—
|
|
|
(175,381
|
)
|
||
Repayments of equipment line of credit
|
—
|
|
|
(1,200,033
|
)
|
||
Net cash provided by financing activities
|
6,146,570
|
|
|
16,403,540
|
|
||
Net change in cash and cash equivalents
|
(661,863
|
)
|
|
10,260,186
|
|
||
Cash and cash equivalents—Beginning of period
|
11,453,133
|
|
|
8,225,764
|
|
||
Cash and cash equivalents—End of period
|
$
|
10,791,270
|
|
|
$
|
18,485,950
|
|
|
|
|
|
||||
Supplementary disclosure of cash flow activity:
|
|
|
|
||||
Cash paid for taxes
|
$
|
800
|
|
|
$
|
800
|
|
Cash paid for interest
|
$
|
—
|
|
|
$
|
22,482
|
|
Supplemental disclosure of non-cash investing and financing activities:
|
|
|
|
||||
Preferred stock dividend payable on Series A Convertible Preferred Stock
|
$
|
12,120
|
|
|
$
|
12,120
|
|
Deemed dividend recognized for beneficial conversion features of Series B Convertible Preferred Stock issuance
|
$
|
—
|
|
|
$
|
2,769,533
|
|
Deemed dividend recognized for beneficial conversion features of Series C Convertible Preferred Stock issuance
|
$
|
268,269
|
|
|
$
|
—
|
|
Common stock, Series C Convertible Preferred Stock and warrants issued in connection with clinical trial funding commitment, net of discount of $235,640
|
$
|
1,675,000
|
|
|
$
|
—
|
|
Common stock issued upon conversion of Series B Convertible Preferred Stock
|
$
|
—
|
|
|
$
|
321
|
|
Common stock issued upon conversion of Series C Convertible Preferred Stock
|
$
|
33
|
|
|
$
|
—
|
|
•
|
Seek collaborators for product candidates at an earlier stage than otherwise would be desirable and on terms that are less favorable than might otherwise be available; and
|
•
|
Relinquish licenses or otherwise dispose of rights to technologies, product candidates or products that the Company would otherwise seek to develop or commercialize themselves, on unfavorable terms.
|
•
|
Raising capital through public and private equity offerings;
|
•
|
Introducing operation and business development initiatives to bring in new revenue streams;
|
•
|
Reducing operating costs by identifying internal synergies; and
|
•
|
Engaging in strategic partnerships.
|
|
Three Months
Ended June 30, |
|
Six Months
Ended June 30, |
||||||||||||
|
2019
|
|
2018
|
|
2019
|
|
2018
|
||||||||
Numerator: Net loss attributable to common shareholders
|
$
|
(4,131,363
|
)
|
|
$
|
(6,522,548
|
)
|
|
$
|
(8,310,463
|
)
|
|
$
|
(11,314,785
|
)
|
Net loss used for diluted loss per share
|
$
|
(4,131,363
|
)
|
|
$
|
(6,522,548
|
)
|
|
$
|
(8,310,463
|
)
|
|
$
|
(11,314,785
|
)
|
Denominator for basic and diluted net loss per share:
|
|
|
|
|
|
|
|
||||||||
Weighted-average shares used to compute basic loss per share
|
5,241,924
|
|
|
1,237,244
|
|
|
4,667,434
|
|
|
1,004,391
|
|
||||
Weighted-average shares used to compute diluted net loss per share
|
5,241,924
|
|
|
1,237,244
|
|
|
4,667,434
|
|
|
1,004,391
|
|
||||
Net loss per share attributable to common stockholders:
|
|
|
|
|
|
|
|
||||||||
Basic
|
$
|
(0.79
|
)
|
|
$
|
(5.27
|
)
|
|
$
|
(1.78
|
)
|
|
$
|
(11.27
|
)
|
Diluted
|
$
|
(0.79
|
)
|
|
$
|
(5.27
|
)
|
|
$
|
(1.78
|
)
|
|
$
|
(11.27
|
)
|
|
June 30,
|
||||
|
2019
|
|
2018
|
||
Options to purchase Common Stock
|
1,033,274
|
|
|
90,167
|
|
Warrants to purchase Common Stock
|
4,404,185
|
|
|
3,698,256
|
|
Restricted Stock Units
|
14,187
|
|
|
2,067
|
|
Series A Convertible Preferred Stock
|
877
|
|
|
877
|
|
Series B Convertible Preferred Stock
|
—
|
|
|
941,667
|
|
|
5,452,523
|
|
|
4,733,034
|
|
|
Fair Value Measurements at
June 30, 2019 |
||||||||||||||
|
Quoted Prices in Active Markets for Identical Assets and Liabilities
(Level 1)
|
|
Significant Other Observable Inputs
(Level 2)
|
|
Significant Unobservable Inputs
(Level 3)
|
|
Total
|
||||||||
Assets:
|
|
|
|
|
|
|
|
||||||||
Money market fund (1)
|
$
|
10,742,715
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
10,742,715
|
|
Total Assets
|
$
|
10,742,715
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
10,742,715
|
|
Liabilities:
|
|
|
|
|
|
|
|
||||||||
Derivative financial instruments
—
warrants
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
18,287
|
|
|
$
|
18,287
|
|
Total Liabilities
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
18,287
|
|
|
$
|
18,287
|
|
|
Fair Value Measurements at
December 31, 2018 |
||||||||||||||
|
Quoted Prices in Active Markets for Identical Assets and Liabilities
(Level 1)
|
|
Significant Other Observable Inputs
(Level 2)
|
|
Significant Unobservable Inputs
(Level 3)
|
|
Total
|
||||||||
Assets:
|
|
|
|
|
|
|
|
||||||||
Money market fund (1)
|
$
|
11,392,093
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
11,392,093
|
|
Total Assets
|
$
|
11,392,093
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
11,392,093
|
|
Liabilities:
|
|
|
|
|
|
|
|
||||||||
Derivative financial instruments
—
warrants
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
32,315
|
|
|
$
|
32,315
|
|
Total Liabilities
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
32,315
|
|
|
$
|
32,315
|
|
|
Description
|
|
Balance at
December 31, 2018 |
|
Realized (gains) or losses
|
|
Balance at
June 30, 2019 |
||||||
Derivative financial instruments
—
warrants
|
|
$
|
32,315
|
|
|
$
|
(14,028
|
)
|
|
$
|
18,287
|
|
|
As of June 30,
2019 |
|
As of December 31,
2018 |
||||
Furniture and office equipment
|
$
|
775,030
|
|
|
$
|
775,030
|
|
Leasehold improvements
|
102,230
|
|
|
1,962,230
|
|
||
Laboratory equipment
|
682,508
|
|
|
677,234
|
|
||
|
1,559,768
|
|
|
3,414,494
|
|
||
Less—accumulated depreciation and amortization
|
(1,307,715
|
)
|
|
(2,110,061
|
)
|
||
Property and equipment, net
|
$
|
252,053
|
|
|
$
|
1,304,433
|
|
|
|
Three months ended June 30, 2019
|
|
Six Months Ended June 30, 2019
|
||||
Operating lease cost
|
|
$
|
192,985
|
|
|
$
|
387,447
|
|
Operating sublease income
|
|
(99,938
|
)
|
|
(199,875
|
)
|
||
Net operating lease cost
|
|
$
|
93,047
|
|
|
$
|
187,572
|
|
|
|
June 30, 2019
|
||
Operating lease ROU assets
|
|
$
|
1,660,631
|
|
|
|
|
||
Current operating lease liabilities
|
|
$
|
816,102
|
|
Non-current operating lease liabilities
|
|
1,307,384
|
|
|
Total operating lease liabilities
|
|
$
|
2,123,486
|
|
|
|
|
||
Weighted-average remaining lease term–operating leases
|
|
2.5 years
|
|
|
Weighted-average discount rate–operating leases
|
|
6.5
|
%
|
|
|
Three months ended June 30, 2019
|
|
Six Months Ended June 30, 2019
|
||||
Cash paid for amounts included in the measurement of lease liabilities:
|
|
|
|
|
||||
Operating cash flows from operating leases
|
|
$
|
229,574
|
|
|
$
|
455,938
|
|
|
|
|
|
|
||||
ROU assets obtained in exchange for lease obligations:
|
|
|
|
|
||||
Operating leases
|
|
$
|
—
|
|
|
$
|
2,503,148
|
|
Year Ending December 31,
|
|
Operating Leases
|
|
Sublease Income
|
|
Net Operating Leases
|
||||||
2019 (excluding the six months ended June 30, 2019)
|
|
$
|
384,533
|
|
|
$
|
(181,779
|
)
|
|
$
|
202,754
|
|
2020
|
|
941,670
|
|
|
(291,173
|
)
|
|
650,497
|
|
|||
2021
|
|
968,165
|
|
|
(291,173
|
)
|
|
676,992
|
|
|||
2022
|
|
5,868
|
|
|
—
|
|
|
5,868
|
|
|||
2023
|
|
3,423
|
|
|
—
|
|
|
3,423
|
|
|||
Total future minimum lease payments
|
|
2,303,659
|
|
|
$
|
(764,125
|
)
|
|
$
|
1,539,534
|
|
|
Less imputed interest
|
|
(180,173
|
)
|
|
|
|
|
|||||
Total
|
|
$
|
2,123,486
|
|
|
|
|
|
|
Operating Leases
|
|
Sublease Income
|
|
Net Operating Leases
|
||||||
2019
|
$
|
914,540
|
|
|
$
|
(333,124
|
)
|
|
$
|
581,416
|
|
2020
|
941,670
|
|
|
—
|
|
|
941,670
|
|
|||
2021
|
968,165
|
|
|
—
|
|
|
968,165
|
|
|||
2022
|
5,868
|
|
|
—
|
|
|
5,868
|
|
|||
2023
|
3,423
|
|
|
—
|
|
|
3,423
|
|
|||
Total
|
$
|
2,833,666
|
|
|
$
|
(333,124
|
)
|
|
$
|
2,500,542
|
|
|
Six Months Ended June 30,
|
||||
|
2019
|
|
2018
|
||
Estimated fair value of Trovagene common stock
|
2.50-3.75
|
|
|
4.62-25.20
|
|
Expected warrant term
|
3.6-4.1 years
|
|
|
0.5-5.1 years
|
|
Risk-free interest rate
|
1.72-2.49%
|
|
|
1.76-2.71%
|
|
Expected volatility
|
102-106%
|
|
|
91-131%
|
|
Dividend yield
|
0
|
%
|
|
0
|
%
|
Date
|
|
Description
|
|
Number of Warrants
|
|
Derivative
Instrument
Liability
|
|||
December 31, 2018
|
|
Balance of derivative financial instruments
—
warrants liability
|
|
64,496
|
|
|
$
|
32,315
|
|
|
|
Change in fair value of derivative financial instruments
—
warrants during the period recognized as a gain in the condensed statements of operations
|
|
—
|
|
|
(14,028
|
)
|
|
June 30, 2019
|
|
Balance of derivative financial instruments
—
warrants liability
|
|
64,496
|
|
|
$
|
18,287
|
|
|
Three Months Ended June 30,
|
|
Six Months Ended June 30,
|
||||||||||||
|
2019
|
|
2018
|
|
2019
|
|
2018
|
||||||||
Included in cost of revenue
|
$
|
—
|
|
|
$
|
(9,143
|
)
|
|
$
|
—
|
|
|
$
|
30,488
|
|
Included in research and development expense
|
$
|
86,058
|
|
|
$
|
111,812
|
|
|
$
|
196,139
|
|
|
$
|
507,521
|
|
Included in selling, general and administrative expense
|
62,776
|
|
|
118,631
|
|
|
152,763
|
|
|
1,089,422
|
|
||||
Total stock-based compensation expense
|
$
|
148,834
|
|
|
$
|
221,300
|
|
|
$
|
348,902
|
|
|
$
|
1,627,431
|
|
|
Six Months Ended June 30,
|
||||
|
2019
|
|
2018
|
||
Risk-free interest rate
|
1.8
|
%
|
|
2.43
|
%
|
Dividend yield
|
0
|
%
|
|
0
|
%
|
Expected volatility
|
95
|
%
|
|
90
|
%
|
Expected term
|
5.9 years
|
|
|
5.2 years
|
|
|
Total Options
|
|
Weighted-Average
Exercise Price
Per Share
|
|
Intrinsic
Value
|
|||||
Balance outstanding, December 31, 2018
|
83,345
|
|
|
$
|
146.09
|
|
|
$
|
—
|
|
Granted
|
961,313
|
|
|
$
|
2.50
|
|
|
|
|
|
Canceled / Forfeited
|
(11,384
|
)
|
|
$
|
70.82
|
|
|
|
|
|
Balance outstanding, June 30, 2019
|
1,033,274
|
|
|
$
|
13.34
|
|
|
$
|
19,059
|
|
Exercisable at June 30, 2019
|
74,486
|
|
|
$
|
149.43
|
|
|
$
|
—
|
|
|
Number of Shares
|
|
Weighted-Average
Grant Date Fair Value
Per Share
|
|
Intrinsic Value
|
|||||
Non-vested RSUs outstanding, December 31, 2018
|
30,132
|
|
|
$
|
14.36
|
|
|
$
|
95,005
|
|
Granted
|
167
|
|
|
$
|
4.04
|
|
|
|
||
Vested
|
(10,795
|
)
|
|
$
|
13.67
|
|
|
$
|
41,233
|
|
Forfeited
|
(5,317
|
)
|
|
$
|
13.04
|
|
|
|
||
Non-vested RSUs outstanding, June 30, 2019
|
14,187
|
|
|
$
|
15.25
|
|
|
$
|
35,468
|
|
|
Total Warrants
|
|
Weighted-Average
Exercise Price
Per Share
|
|
Weighted-Average
Remaining Contractual
Term
|
|||
Balance outstanding, December 31, 2018
|
3,649,341
|
|
|
$
|
8.91
|
|
|
4.4
|
Granted
|
1,408,510
|
|
|
$
|
3.50
|
|
|
|
Exercised
|
(653,666
|
)
|
|
$
|
5.96
|
|
|
|
Balance outstanding, June 30, 2019
|
4,404,185
|
|
|
$
|
7.62
|
|
|
4.3
|
•
|
Complete Phase 1b dose escalation cohorts and identify the recommended Phase 2 dose (“RP2D”) for the Phase 2 continuation trial (dependent upon the number of dose escalation cohorts required to reach the maximum tolerated dose or RP2D of onvansertib).
|
•
|
Provide top line safety and efficacy data on the combination of onvansertib + LDAC and the combination of onvansertib + decitabine in patients treated through the end of 2019.
|
•
|
Present data from the AML trial at key oncology conferences, including the American Society of Hematology (“ASH”) annual meeting.
|
•
|
Initiate the Phase 2 segment of the AML trial, which will enroll approximately 32 patients, for continued evaluation of safety and efficacy of onvansertib in combination with either LDAC or decitabine (once the RP2D has been determined in Phase 1b).
|
•
|
Completed enrollment and evaluation of the 3 safety lead-in patients in the second arm (2-week dosing schedule) with onvansertib at 24 mg/m
2
in combination with abiraterone acetate (Zytiga
®
) and prednisone.
|
•
|
Provide top line preliminary safety and efficacy data of onvansertib in combination with abiraterone acetate (Zytiga
®
) and prednisone in patients treated.
|
•
|
Present data from the mCRPC trial at key oncology conferences throughout 2019 and first quarter of 2020.
|
•
|
Complete enrollment of the initial dose level cohort of onvansertib 12 mg/m
2
.
|
•
|
Provide top line safety and preliminary efficacy data on the combination of onvnasertib + FOLFIRI + Avastin
®
in patients treated through the end of 2019.
|
•
|
Announced ESMO Accepts Trovagene AML Clinical Trial Abstract for Oral Presentation
|
•
|
Announced initiation of enrollment for Phase 1b/2 trial in KRAS-mutated metastatic Colorectal Cancer trial at leading cancer centers
|
•
|
Announced research collaboration with Nektar Therapeutics to evaluate the efficacy of the combination of onvansertib and ONZEALD
TM
in models of colorectal cancer.
|
•
|
Announced Data Demonstrating Significant Synergy of Onvansertib in Combination with Venetoclax in Cell Model of Venetoclax-Resistant AML.
|
•
|
Announced Equity Investments of $3.0 Million at Premium to Market Price from Institutional Investor, Lincoln Park Capital
|
•
|
Announced Update to Phase 1b/2 Trial Data Presented at AACR - Additional Patients Achieve Complete Response at Two Highest Dose Levels of Onvansertib.
|
•
|
Announced Early Data from Phase 2 Trial Indicates Activity of Onvansertib in Prostate Cancer Patients Showing Initial Resistance to Anti-Androgen Therapy.
|
•
|
Announced Phase 1b/2 Dose Escalation Trial of Onvansertib in Relapsed/Refractory AML Demonstrates Safety, Tolerability and relative Durability with Complete Responses at Highest Dose Levels.
|
•
|
Announced Presentation Update on Phase 2 Study of Onvansertib in Combination with Zytiga
®
in Patients with mCRPC at ASCO-GU.
|
•
|
Entered Agreement with PoC Capital, LLC to Fund Clinical Development of Onvansertib in mCRC.
|
•
|
Announced New Patent Issued for Combination of Onvansertib with Anti-Androgen Drugs to Treat Non-Metastatic and Metastatic Prostate Cancer.
|
|
Three Months Ended June 30,
|
||||||||||
|
2019
|
|
2018
|
|
Increase (Decrease)
|
||||||
Royalties
|
$
|
36,852
|
|
|
$
|
52,423
|
|
|
$
|
(15,571
|
)
|
Services and other
|
101,433
|
|
|
59,390
|
|
|
42,043
|
|
|||
Total revenues
|
$
|
138,285
|
|
|
$
|
111,813
|
|
|
$
|
26,472
|
|
|
Three Months Ended June 30,
|
||||||||||
|
2019
|
|
2018
|
|
Increase (Decrease)
|
||||||
Salaries and staff costs
|
$
|
380,050
|
|
|
$
|
513,331
|
|
|
$
|
(133,281
|
)
|
Stock-based compensation
|
86,058
|
|
|
111,812
|
|
|
(25,754
|
)
|
|||
Clinical trials, outside services, and lab supplies
|
2,134,974
|
|
|
1,115,009
|
|
|
1,019,965
|
|
|||
Facilities and other
|
229,258
|
|
|
212,615
|
|
|
16,643
|
|
|||
Total research and development
|
$
|
2,830,340
|
|
|
$
|
1,952,767
|
|
|
$
|
877,573
|
|
|
Three Months Ended June 30,
|
||||||||||
|
2019
|
|
2018
|
|
Increase (Decrease)
|
||||||
Salaries and staff costs
|
$
|
458,361
|
|
|
$
|
1,109,476
|
|
|
$
|
(651,115
|
)
|
Stock-based compensation
|
62,776
|
|
|
118,631
|
|
|
(55,855
|
)
|
|||
Outside services and professional fees
|
576,214
|
|
|
523,192
|
|
|
53,022
|
|
|||
Facilities and other
|
430,553
|
|
|
399,572
|
|
|
30,981
|
|
|||
Total selling, general and administrative
|
$
|
1,527,904
|
|
|
$
|
2,150,871
|
|
|
$
|
(622,967
|
)
|
|
Three Months Ended June 30,
|
||||||||||
|
2019
|
|
2018
|
|
Increase (Decrease)
|
||||||
Net loss attributable to common shareholders
|
$
|
(4,131,363
|
)
|
|
$
|
(6,522,548
|
)
|
|
$
|
(2,391,185
|
)
|
Net loss per common share — basic
|
$
|
(0.79
|
)
|
|
$
|
(5.27
|
)
|
|
$
|
(4.48
|
)
|
Net loss per common share — diluted
|
$
|
(0.79
|
)
|
|
$
|
(5.27
|
)
|
|
$
|
(4.48
|
)
|
|
|
|
|
|
|
||||||
Weighted average shares outstanding — basic
|
5,241,924
|
|
|
1,237,244
|
|
|
4,004,680
|
|
|||
Weighted average shares outstanding — diluted
|
5,241,924
|
|
|
1,237,244
|
|
|
4,004,680
|
|
|
Six Months Ended June 30,
|
||||||||||
|
2019
|
|
2018
|
|
Increase (Decrease)
|
||||||
Royalties
|
$
|
98,873
|
|
|
$
|
101,478
|
|
|
$
|
(2,605
|
)
|
Services and other
|
201,370
|
|
|
110,471
|
|
|
90,899
|
|
|||
Total revenues
|
$
|
300,243
|
|
|
$
|
211,949
|
|
|
$
|
88,294
|
|
|
Six Months Ended June 30,
|
||||||||||
|
2019
|
|
2018
|
|
Increase (Decrease)
|
||||||
Salaries and staff costs
|
$
|
783,939
|
|
|
$
|
915,399
|
|
|
$
|
(131,460
|
)
|
Stock-based compensation
|
196,139
|
|
|
507,521
|
|
|
(311,382
|
)
|
|||
Clinical trials, outside services, and lab supplies
|
4,062,903
|
|
|
1,964,997
|
|
|
2,097,906
|
|
|||
Facilities and other
|
435,958
|
|
|
448,688
|
|
|
(12,730
|
)
|
|||
Total research and development
|
$
|
5,478,939
|
|
|
$
|
3,836,605
|
|
|
$
|
1,642,334
|
|
|
Six Months Ended June 30,
|
||||||||||
|
2019
|
|
2018
|
|
Increase (Decrease)
|
||||||
Salaries and staff costs
|
$
|
981,158
|
|
|
$
|
1,799,646
|
|
|
$
|
(818,488
|
)
|
Stock-based compensation
|
152,763
|
|
|
1,089,422
|
|
|
(936,659
|
)
|
|||
Outside services and professional fees
|
1,034,045
|
|
|
1,005,602
|
|
|
28,443
|
|
|||
Facilities and other
|
835,060
|
|
|
761,178
|
|
|
73,882
|
|
|||
Total selling, general and administrative
|
$
|
3,003,026
|
|
|
$
|
4,655,848
|
|
|
$
|
(1,652,822
|
)
|
|
Six Months Ended June 30,
|
||||||||||
|
2019
|
|
2018
|
|
Increase (Decrease)
|
||||||
Net loss attributable to common shareholders
|
$
|
(8,310,463
|
)
|
|
$
|
(11,314,785
|
)
|
|
$
|
(3,004,322
|
)
|
Net loss per common share — basic
|
$
|
(1.78
|
)
|
|
$
|
(11.27
|
)
|
|
$
|
(9.49
|
)
|
Net loss per common share — diluted
|
$
|
(1.78
|
)
|
|
$
|
(11.27
|
)
|
|
$
|
(9.49
|
)
|
|
|
|
|
|
|
||||||
Weighted average shares outstanding — basic
|
4,667,434
|
|
|
1,004,391
|
|
|
3,663,043
|
|
|||
Weighted average shares outstanding — diluted
|
4,667,434
|
|
|
1,004,391
|
|
|
3,663,043
|
|
Exhibit
Number
|
|
Description of Exhibit
|
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
101.INS
|
|
XBRL Instance Document
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Extension Labels Linkbase
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase
|
|
TROVAGENE, INC.
|
|
|
|
|
August 8, 2019
|
By:
|
/s/ Thomas Adams
|
|
|
Thomas Adams
|
|
|
Chief Executive Officer
|
|
|
|
|
TROVAGENE, INC.
|
|
|
|
|
August 8, 2019
|
By:
|
/s/ Brigitte Lindsay
|
|
|
Brigitte Lindsay
|
|
|
VP, Finance
|
1.
|
I have reviewed this quarterly report on Form 10-Q of Trovagene, Inc. (the “Registrant”);
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a.
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b.
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
c.
|
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
|
d.
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions);
|
a.
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
|
b.
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
August 8, 2019
|
/s/ Thomas Adams
|
|
Thomas Adams
|
|
Chief Executive Officer
|
1.
|
I have reviewed this quarterly report on Form 10-Q of Trovagene, Inc. (the “Registrant”);
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a.
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b.
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
c.
|
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
|
d.
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions);
|
a.
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
|
b.
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
August 8, 2019
|
/s/ Brigitte Lindsay
|
|
Brigitte Lindsay
|
|
VP, Finance
|
August 8, 2019
|
/s/ Thomas Adams
|
|
Thomas Adams
|
|
Chief Executive Officer
|
August 8, 2019
|
/s/ Brigitte Lindsay
|
|
Brigitte Lindsay
|
|
VP, Finance
|