Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 14,938 $ 19,175
Marketable securities-available for sale, at fair value 16,308 23,841
Prepaid expenses and other 2,414 3,343
Total current assets 33,660 46,359
Property and equipment, net 349 350
Restricted cash 133 132
Intangible asset 120 120
Security deposits 56 57
Total assets 34,318 47,018
Current liabilities:    
Accounts payable 1,935 3,049
Accrued expenses 2,261 3,601
Total current liabilities 4,196 6,650
Deferred rent payable 88 106
Total liabilities 4,284 6,756
Commitments (See Note 7)  
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, none issued or outstanding
Common stock, $0.001 par value; 150,000,000 shares authorized; 25,079,475 and 18,831,669 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively, 30,956 and 17,595 shares to be issued as of June 30, 2016 and December 31, 2015, respectively 25 19
Additional paid in capital 156,171 142,658
Accumulated deficit (126,180) (102,398)
Accumulated other comprehensive income (loss) 18 (17)
Total stockholders' equity 30,034 40,262
Total liabilities and stockholders' equity $ 34,318 $ 47,018