$Bob's and Jbem's Bitchin' Bios

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$KBIO From their 10-Q PART II. OTHER INFORMATION



Item 1. Legal Proceedings



We are not currently a party to any material legal proceedings.



Item 1A. Risk Factors



Risk Related to Our Business and the Development, Regulatory Approval, and Commercialization of Our Product Candidates



We will need substantial additional capital to develop and commercialize our product candidates, and we may be unable to raise additional capital when needed, or at all, which would force us to reduce or discontinue operations.



As of June 30 , 2015, we had $ 23.0 million in cash, cash equivalents, and investments. We utilized $ 14.9 million of cash in operating activities during the six months ended June 3 0 , 2015. Additionally, in August 2015 under the Amendment No. Two to the Loan and Security A greement with MidCap Financial , we transferred an amount equal to the aggregate of the remaining future payments under the Loan and Security Agreement, equating to $8.3 million, in a segregated deposit account. While these funds will be used to make the MidCap loan payments as they become due, w e cannot use these funds for other business purposes , including the operations of our business. Therefore, a substantial amount of our cash cannot be used without the consent of MidCap Financial .
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