Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 25,034 $ 25,496
Prepaid expenses and other 1,022 947
Total current assets 26,056 26,443
Property and equipment, net 43 91
Restricted cash 100 89
Intangible Asset 120 120
Security deposits   11
Total assets 26,319 26,754
Current liabilities:    
Accounts payable 1,404 1,296
Accrued expenses 1,251 830
Total current liabilities 2,655 2,126
Deferred rent payable   12
Total liabilities 2,655 2,138
Commitments (See Note 9)  
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; Series A Convertible Preferred stock, $0.001 par value; 11,984 shares designated; 9,856 and 0 shares issued and outstanding as of December 31, 2018 and 2017, respectively  
Common stock, $0.001 par value; 15,000,000 shares authorized; 3,251,970 and 785,874 shares issued and outstanding as of December 31, 2018 and 2017, respectively, and 1,758 shares to be issued as of December 31, 2018 3 1
Additional paid in capital 212,154 186,990
Accumulated deficit (188,452) (162,363)
Accumulated other comprehensive loss (41) (12)
Total stockholders' equity 23,664 24,616
Total liabilities and stockholders' equity $ 26,319 $ 26,754