Annual report pursuant to section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash $ 8,202 $ 1,785
Prepaid expenses and other 429 225
Total current assets 8,631 2,010
Furniture and equipment, net 45 47
Restricted cash 60 60
Total assets 8,736 2,117
Current liabilities:    
Accounts payable, including $46 and $7 to related parties as of December 31, 2013 and 2012, respectively 765 825
Accrued expenses, including $491 and $21 to related parties as of December 31, 2013 and 2012, respectively 1,166 310
Promissory notes, related party 280 0
Accrued interest, related party 0 3
Total current liabilities 2,211 1,138
Deferred rent payable 13 20
Total liabilities 2,224 1,158
Commitments (Note 12)      
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized; 5,823,081 and 2,159,159 shares issued and outstanding as of December 31, 2013 and 2012, respectively, and 11,002 shares to be issued as of December 31, 2013 6 2
Additional paid in capital 33,235 16,801
Deficit accumulated during development stage (26,728) (15,844)
Accumulated other comprehensive loss (1) 0
Total stockholders' equity 6,512 959
Total liabilities and stockholders' equity $ 8,736 $ 2,117