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
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 29,310 $ 18,941
Marketable securities-available for sale, at fair value 7,180
Prepaid expenses and other 896 1,019
Total current assets 30,206 27,140
Property and equipment, net 102 150
Restricted cash 89 89
Intangible asset 120 120
Security deposits 18 11
Total assets 30,535 27,510
Current liabilities:    
Accounts payable 1,362 872
Accrued expenses 475 1,244
Total current liabilities 1,837 2,116
Deferred rent payable 18 33
Total liabilities 1,855 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; 7,581,700 and 3,919,181 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively, 2,496 shares to be issued as of December 31, 2016 8 4
Additional paid in capital 185,552 166,604
Accumulated deficit (156,870) (141,240)
Accumulated other comprehensive loss (10) (7)
Total stockholders' equity 28,680 25,361
Total liabilities and stockholders' equity $ 30,535 $ 27,510