Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 19,175 $ 38,184
Marketable securities - available for sale, at fair value 23,841 0
Prepaid expenses and other 3,343 852
Total current assets 46,359 39,036
Property and equipment, net 350 328
Restricted cash 132 133
Intangible asset 120  
Security deposits 57 45
Total assets 47,018 39,542
Current liabilities:    
Accounts payable 3,049 1,487
Accrued expenses 3,601 1,895
Total current liabilities 6,650 3,382
Deferred rent payable 106 68
Total liabilities 6,756 3,450
Commitments (Note 10) 0 0
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; 18,831,669 and 10,805,220 shares issued and outstanding as of December 31, 2015 and 2014, respectively and 17,595 and 13,978 shares to be issued as of December 31, 2015 and 2014, respectively 19 11
Additional paid in capital 142,658 90,423
Accumulated deficit (102,398) (54,344)
Accumulated other comprehensive (loss) income (17) 2
Total stockholders' equity 40,262 36,092
Total liabilities and stockholders' equity $ 47,018 $ 39,542