Quarterly report pursuant to Section 13 or 15(d)


9 Months Ended
Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  



Research and development contracts


The Company has entered into contracts with various contract research organizations with outstanding commitments aggregating approximately $8.2 million at September 30, 2018 for future work to be performed.


Operating leases


As of September 30, 2018, future minimum lease payments were as follows (in thousands):


Year Ending December 31,      
2018   $ 115  
2019                                     187  
    $                              302  


Defined contribution plan


The Company has a qualified defined contribution plan (the “401(k) Plan”) pursuant to Section 401(k) of the Internal Revenue Code, whereby all eligible employees may participate. Participants may elect to defer a percentage of their annual pretax compensation to the 401(k) Plan, subject to defined limitations. The Company is required to make contributions to the 401(k) Plan equal to 100 percent of each participant’s pretax contributions of up to six percent of his or her eligible compensation, and the Company is also required to make a contribution equal to six percent of each participant’s salary, on an annual basis, subject to limitations under the Code. The Company charged operations $26,000 and $88,000 for the three and nine months ended September 30, 2018, respectively, and $15,000 and $47,000 for the three and nine months ended September 30, 2017, respectively, for contributions under the 401(k) Plan.