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
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 34,355 $ 18,941
Marketable securities-available for sale, at fair value 7,180
Prepaid expenses and other 1,130 1,019
Total current assets 35,485 27,140
Property and equipment, net 118 150
Restricted cash 89 89
Intangible asset 120 120
Security deposits 11 11
Total assets 35,823 27,510
Current liabilities:    
Accounts payable 1,179 872
Accrued expenses 651 1,244
Total current liabilities 1,830 2,116
Deferred rent payable 24 33
Total liabilities 1,854 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; 150,000,000 and 15,000,000 shares authorized; 7,490,151 and 3,918,147 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively, 17,760 and 2,496 shares to be issued as of June 30, 2017 and December 31, 2016, respectively 7 4
Additional paid in capital 185,055 166,604
Accumulated deficit (151,084) (141,240)
Accumulated other comprehensive loss (9) (7)
Total stockholders' equity 33,969 25,361
Total liabilities and stockholders' equity $ 35,823 $ 27,510