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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 28,499 $ 31,462
Restricted cash 2,016  
Receivables 40 150
Prepaid and other current assets 1,438 3,634
Total current assets 31,993 35,246
Property and equipment, net 278 299
Other assets   81
Total assets 32,271 35,626
Current liabilities:    
Accounts payable 956 1,789
Accrued clinical and cost of other studies 2,656 4,315
Accrued compensation 1,343 1,159
Deferred rent   37
Facility lease exit obligation   104
Other accrued liabilities 1,121 112
Total current liabilities 6,076 7,516
Deferred revenue - related party, non-current 5,000 5,000
Convertible debt, net of discount 2,172  
Convertible debt - related party, net of discount 10,634  
Total liabilities 23,882 12,516
Commitments and contingencies
Shareholders' equity:    
Preferred stock, 5,000,000 shares authorized, none outstanding
Common stock, no par value; authorized shares: 35,045,765 at September 30, 2016 and 25,045,765 at December 31, 2015; issued and outstanding shares: 14,943,542 at September 30, 2016; 14,761,351 at December 31, 2015 438,871 428,591
Accumulated deficit (430,482) (405,481)
Total shareholders' equity 8,389 23,110
Total liabilities and shareholders' equity $ 32,271 $ 35,626