Balance Sheet Components

6 Months Ended

Jun. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Components

5. Balance Sheet Components

Cash and Cash Equivalents

Cash and cash equivalents consist of the following:

	June 30, 2015		December 31, 2014
	(in thousands)
Cash	$	587	$	1,307
Cash equivalents:
Money market accounts		15,213		27,847
Total cash and cash equivalents	$	15,800	$	29,154

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

	June 30, 2015		December 31, 2014
	(in thousands)
Prepaid research and development project costs	$	414	$	515
Other		368		46
Total prepaid expenses and other current assets	$	782	$	561

Property and Equipment, net

Property and equipment, net consists of the following:

	June 30, 2015			December 31, 2014
	(in thousands)
Computer equipment	$	140		$	56
Software		11			9
Lab equipment		224			163
Leasehold improvements		75			—
Property and equipment, gross		450			228
Less: accumulated depreciation		(53	)		(14	)
Total property and equipment, net	$	397		$	214

Depreciation and amortization related to the Company’s property and equipment was $26,000 and $39,000 for the three and six months ended June 30, 2015 and was insignificant and $1,000 for the three and six months ended June 30, 2014.

Other Assets

Other assets consist of the following:

	June 30, 2015		December 31, 2014
	(in thousands)
Deferred offering costs	$	3,053	$	549
Restricted cash		200		75
Deferred tax assets		3		2
Total other assets	$	3,256	$	626

Accrued Liabilities

Accrued liabilities consist of the following:

	June 30, 2015		December 31, 2014
	(in thousands)
Accrued offering costs	$	615	$	—
Accrued employee related costs		572		759
Accrued research and development costs		686		526
Accrued professional fees		408		140
Other		23		48
Total accrued liabilities	$	2,304	$	1,473