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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 22,356 $ 25,846
Prepaid expenses and other current assets 425 554
Total current assets 22,781 26,400
Intangible assets, net 7 8
Total assets 22,788 26,408
Current liabilities:    
Accounts payable 1,311 448
Accrued expenses 1,939 845
Accrued dividends payable   67
Total current liabilities 3,250 1,360
Total liabilities $ 3,250 $ 1,360
Commitments and contingencies (Note 8)
Stockholders' equity:    
Undesignated stock, $0.01 par value; 20,000,000 shares authorized, 8,001,000 designated at March 31, 2016 and December 31, 2015 $ 0 $ 0
Series A 12% convertible preferred stock; 5,000,000 shares authorized, 1,377,500 issued and outstanding at March 31, 2016 and December 31, 2015, liquidation value $1,377,500 at March 31, 2016 557 557
Common stock, $0.001 par value; 50,000,000 shares authorized at March 31, 2016 and December 31, 2015, 28,979,179 and 28,825,033 issued and outstanding at March 31, 2016 and December 31, 2015, respectively 28 28
Additional paid-in capital 158,947 157,504
Retained deficit (147,060) (140,049)
Total stockholders' equity 12,472 18,040
Total liabilities, redeemable convertible preferred stock and stockholders' equity 22,788 26,408
Series B-1 12% redeemable convertible preferred stock    
Current liabilities:    
Convertible preferred stock, value 1,752 1,748
Series B-2 12% redeemable convertible preferred stock    
Current liabilities:    
Convertible preferred stock, value 3,591 3,537
Series C super dividend convertible preferred stock    
Current liabilities:    
Convertible preferred stock, value $ 1,723 $ 1,723