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Quarterly Results (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)

16. Quarterly Results (Unaudited)

 

The following table is in thousands, except per share amounts:

 

 

 

Quarters Ended

 

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

 

 

2014

 

 

2014

 

 

2014

 

 

2014

 

Consolidated Statement of operations data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

4,869

 

 

$

5,622

 

 

$

10,515

 

 

$

11,602

 

General and administrative

 

 

2,714

 

 

 

2,877

 

 

 

3,577

 

 

 

4,338

 

Total operating expenses

 

 

7,583

 

 

 

8,499

 

 

 

14,092

 

 

 

15,940

 

Loss from operations

 

 

(7,583

)

 

 

(8,499

)

 

 

(14,092

)

 

 

(15,940

)

Interest income

 

 

 

 

 

40

 

 

 

50

 

 

 

43

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net

 

 

(11,843

)

 

 

(141

)

 

 

208

 

 

 

244

 

Net loss and comprehensive loss

 

 

(19,426

)

 

 

(8,600

)

 

 

(13,834

)

 

 

(15,653

)

Deemed dividend related to beneficial conversion

     feature of convertible preferred stock

 

 

(25,559

)

 

 

-

 

 

 

-

 

 

 

-

 

Net loss attributable to common stockholders

 

$

(44,985

)

 

$

(8,600

)

 

$

(13,834

)

 

$

(15,653

)

Net loss per basic and diluted share attributable to

     common stockholders

 

$

(16.13

)

 

$

(0.36

)

 

$

(0.57

)

 

$

(0.65

)

Weighted-average common shares used to compute

     basic and diluted net loss per share

 

 

2,788,087

 

 

 

24,194,808

 

 

 

24,194,808

 

 

 

24,215,018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

 

 

2013

 

 

2013

 

 

2013

 

 

2013

 

Statement of operations data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

3,499

 

 

$

3,326

 

 

$

4,576

 

 

$

3,454

 

General and administrative

 

 

682

 

 

 

656

 

 

 

685

 

 

 

2,405

 

Total operating expenses

 

 

4,181

 

 

 

3,982

 

 

 

5,261

 

 

 

5,859

 

Loss from operations

 

 

(4,181

)

 

 

(3,982

)

 

 

(5,261

)

 

 

(5,859

)

Interest income

 

 

 

 

 

 

 

 

 

 

 

1

 

Interest expense

 

 

(128

)

 

 

 

 

 

 

 

 

 

Other income (expense), net

 

 

290

 

 

 

327

 

 

 

252

 

 

 

44

 

Net loss and comprehensive loss

 

 

(4,019

)

 

 

(3,655

)

 

 

(5,009

)

 

 

(5,814

)

Deemed dividend related to beneficial conversion

     feature of convertible preferred stock

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Net loss attributable to common stockholders

 

$

(4,019

)

 

$

(3,655

)

 

$

(5,009

)

 

$

(5,814

)

Net loss per basic and diluted share attributable to

     common stockholders

 

$

(30.23

)

 

$

(24.74

)

 

$

(19.98

)

 

$

(4.62

)

Weighted-average common shares used to compute

     basic and diluted net loss per share

 

 

132,969

 

 

 

147,713

 

 

 

250,745

 

 

 

1,257,250