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BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 66,447 $ 81,053
Receivables 67 21
Prepaid expenses and other current assets 26,236 23,810
Total current assets 92,750 104,884
Property and equipment, net 1,124 843
Deposits 128 128
Other non-current assets 492 493
Total assets 94,494 106,348
Current liabilities:    
Accounts payable 226 156
Accrued expenses 10,687 9,109
Deferred revenue - current portion 6,389 6,389
Deferred rent - current portion 162 155
Total current liabilities 17,464 15,809
Deferred revenue, net of current portion 39,931 41,528
Deferred rent, net of current portion 89 126
Derivative liabilities 2,471 862
Total liabilities 59,955 58,325
Commitments and contingencies (note 5)
Preferred stock, $0.001 par value, 30,000,000 shares authorized
Stockholders' deficit:    
Common stock, $0.001 par value; 250,000,000 shares authorized; 132,381,670 and 132,376,670 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 132 132
Additional paid-in capital - common stock 578,571 580,567
Accumulated deficit (673,606) (657,997)
Total stockholders' deficit (94,903) (77,298)
Total liabilities and stockholders' deficit 94,494 106,348
Series 1 Preferred Stock    
Current liabilities:    
Series 1 preferred stock, $1,200 stated value; 250,000 designated; 109,400 and 106,184 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively; liquidation value of $131.3 million and $127.4 million at March 31, 2017 and December 31, 2016, respectively $ 129,442 $ 125,321