Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 25,496 $ 18,941
Marketable securities-available for sale, at fair value 7,180
Prepaid expenses and other 947 1,019
Total current assets 26,443 27,140
Property and equipment, net 91 150
Restricted cash 89 89
Intangible asset 120 120
Security deposits 11 11
Total assets 26,754 27,510
Current liabilities:    
Accounts payable 1,296 872
Accrued expenses 830 1,244
Total current liabilities 2,126 2,116
Deferred rent payable 12 33
Total liabilities 2,138 2,149
Commitments (See Note 9)  
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 shares authorized; 7,830,040 and 3,919,181 shares issued and outstanding as of December 31, 2017 and 2016, respectively, 2,496 shares to be issued as of December 31, 2016 8 4
Additional paid in capital 186,983 166,604
Accumulated deficit (162,363) (141,240)
Accumulated other comprehensive loss (12) (7)
Total stockholders' equity 24,616 25,361
Total liabilities and stockholders' equity $ 26,754 $ 27,510