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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 1,488 $ 2,501
Prepaid expenses and other current assets 43 138
Investments held-to-maturity 4,250 3,006
TOTAL CURRENT ASSETS 5,781 5,645
PROPERTY AND EQUIPMENT    
Property and equipment, gross 1,900 1,664
Less: Accumulated depreciation and amortization (954) (672)
PROPERTY AND EQUIPMENT, NET 946 992
NONCURRENT ASSETS    
Patents and domain names, net 887 815
Restricted cash 100 100
Other assets 15 15
TOTAL NONCURRENT ASSETS 1,002 930
TOTAL ASSETS 7,729 7,567
CURRENT LIABILITIES    
Accounts payable 700 518
Accrued expenses 110 60
Accrued salaries and payroll related expenses 371 467
Deferred rent, current portion 34 34
TOTAL CURRENT LIABILITIES 1,215 1,079
LONG-TERM LIABILITIES    
Deferred rent 3 20
TOTAL LIABILITIES 1,218 1,099
Commitments and contingencies (Note 6) 0 0
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 47,000,000 authorized and 7,241,949 outstanding as of December 31, 2015, and 9,443,461 outstanding as of June 30, 2016 9 7
Preferred stock, $0.001 par value, 3,000,000 authorized and none outstanding as of December 31, 2015 and June 30, 2016 0 0
Additional paid-in capital 43,478 37,373
Accumulated deficit (36,976) (30,912)
TOTAL STOCKHOLDERS’ EQUITY 6,511 6,468
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,729 $ 7,567