Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash $ 46,227 $ 8,202
Prepaid expenses and other 699 429
Total current assets 46,926 8,631
Furniture and equipment, net 224 45
Restricted cash 133 60
Security deposit, long term 45 0
Total assets 47,328 8,736
Current liabilities:    
Accounts payable, including $47 and $46 to related parties as of September 30, 2014 and December 31, 2013, respectively 2,448 765
Accrued expenses, including $-0- and $491 to related parties as of September 30, 2014 and December 31, 2013, respectively 1,049 1,166
Promissory notes, related party 0 280
Total current liabilities 3,497 2,211
Deferred rent payable 54 13
Total liabilities 3,551 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; 10,734,043 and 5,823,081 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively, and 11,002 shares to be issued as of December 31, 2013 11 6
Additional paid in capital 89,120 33,235
Accumulated deficit (45,355) (26,728)
Accumulated other comprehensive income (loss) 1 (1)
Total stockholders' equity 43,777 6,512
Total liabilities and stockholders' equity $ 47,328 $ 8,736