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
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 19,943 $ 18,941
Marketable securities-available for sale, at fair value 2,480 7,180
Prepaid expenses and other 1,009 1,019
Total current assets 23,432 27,140
Property and equipment, net 132 150
Restricted cash 89 89
Intangible asset 120 120
Security deposits 11 11
Total assets 23,784 27,510
Current liabilities:    
Accounts payable 841 872
Accrued expenses 939 1,244
Total current liabilities 1,780 2,116
Deferred rent payable 29 33
Total liabilities 1,809 2,149
Commitments (See Note 8)
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, none issued or outstanding
Common stock, $0.001 par value; 15,000,000 shares authorized; 4,160,814 and 3,918,147 shares issued and outstanding as of March 31, 2017andDecember31,2016, respectively, and 2,496 shares to be issued as of December 31, 2016 4 4
Additional paid in capital 168,283 166,604
Accumulated deficit (146,304) (141,240)
Accumulated other comprehensive loss (8) (7)
Total stockholders' equity 21,975 25,361
Total liabilities and stockholders' equity $ 23,784 $ 27,510