Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash $ 49,547 $ 8,202
Prepaid expenses and other 554 429
Total current assets 50,101 8,631
Furniture and equipment, net 43 45
Restricted cash 60 60
Total assets 50,204 8,736
Current liabilities:    
Accounts payable, including $72 and $46 to related parties as of March 31, 2014 and December 31, 2013, respectively 1,399 765
Accrued expenses, including $-0- and $491 to related parties as of March 31, 2014 and December 31, 2013, respectively 596 1,166
Promissory notes, related party 280 280
Total current liabilities 2,275 2,211
Deferred rent payable 6 13
Total liabilities 2,281 2,224
Commitments (See Note 7)      
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; 9,902,379 and 5,823,081 shares issued and outstanding as of March 31, 2014 and December 31, 2013, respectively and 11,002 shares to be issued as of December 31, 2013 10 6
Additional paid in capital 79,804 33,235
Deficit accumulated during development stage (31,892) (26,728)
Accumulated other comprehensive (income) loss 1 (1)
Total stockholders' equity 47,923 6,512
Total liabilities and stockholders' equity $ 50,204 $ 8,736