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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 70,946 $ 81,053
Receivables 19 21
Prepaid expenses and other current assets 19,818 23,810
Total current assets 90,783 104,884
Property and equipment, net 1,211 843
Deposits 128 128
Other non-current assets 13,484 493
Total assets 105,606 106,348
Current liabilities:    
Accounts payable 4,417 156
Accrued expenses 9,909 9,109
Deferred revenue - current portion 6,389 6,389
Deferred rent - current portion 141 155
Total current liabilities 20,856 15,809
Deferred revenue, net of current portion 35,139 41,528
Deferred rent, net of current portion 1 126
Derivative liabilities 2,424 862
Total liabilities 58,420 58,325
Commitments and contingencies (Note 7)
Preferred stock, $0.001 par value, 30,000,000 shares authorized
Stockholders' deficit:    
Common stock, $0.001 par value; 250,000,000 shares authorized; 142,658,037 and 132,376,670 shares issued and outstanding at December 31, 2017 and 2016, respectively 143 132
Additional paid-in capital - common stock 615,493 580,567
Accumulated deficit (712,442) (657,997)
Total stockholders' deficit (96,806) (77,298)
Total liabilities and stockholders' deficit 105,606 106,348
Series 1 Preferred Stock    
Current liabilities:    
Series 1 preferred stock, $1,200 stated value; 250,000 designated; 119,644 and 106,184 shares issued and outstanding at December 31, 2017 and respectively; liquidation value of $143.6 million and $127.4 million at December 31, 2017 and 2016, respectively $ 143,992 $ 125,321