Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 16,448 $ 25,034
Prepaid expenses and other 2,734 1,022
Total current assets 19,182 26,056
Property and equipment, net 41 43
Operating lease right-of-use assets 579  
Restricted cash 100 100
Intangible asset 120 120
Total assets 20,022 26,319
Current liabilities:    
Accounts payable 1,133 1,404
Accrued expenses and other current liabilities 498 1,251
Operating lease liabilities, current 380  
Total current liabilities 2,011 2,655
Operating lease liabilities, noncurrent 200  
Total liabilities 2,211 2,655
Commitments (See Note 9)
Stockholders' equity:    
Preferred stock, 5,000,000 shares authorized Series A Convertible Preferred stock, $0.001 par value; 11,984 shares designated; 0 and 9,856 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively  
Common stock, $0.001 par value; 15,000,000 shares authorized; 6,089,728 and 3,251,970 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively, and 1,758 shares to be issued as of December 31, 2018 6 3
Additional paid in capital 212,529 212,154
Accumulated deficit (194,685) (188,452)
Accumulated other comprehensive loss (39) (41)
Total stockholders' equity 17,811 23,664
Total liabilities and stockholders' equity $ 20,022 $ 26,319