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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 14,532,000 $ 12,817,000
Marketable securities 50,203,000 37,482,000
Accounts receivable - grant 2,422,000 3,078,000
Prepaid expenses and other current assets 3,225,000 1,614,000
Total current assets 70,382,000 54,991,000
Property and equipment, net 846,000 854,000
Other non-current assets 49,000 232,000
TOTAL ASSETS 71,277,000 56,077,000
CURRENT LIABILITIES    
Accounts payable 1,077,000 389,000
Deferred revenue 0 20,000
Accrued and other current liabilities 6,438,000 5,220,000
Total current liabilities 7,515,000 5,629,000
Other non-current liabilities 81,000 111,000
TOTAL LIABILITIES 7,596,000 5,740,000
Commitments and Contingencies (Note 9)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of September 30, 2018 and December 31, 2017; no shares issued and outstanding as of September 30, 2018 and December 31, 2017
Common stock, $0.0001 par value; 500,000,000 shares authorized as of September 30, 2018 and December 31, 2017; 22,098,218 shares and 16,670,188 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 2,000 2,000
Additional paid-in capital 165,675,000 122,950,000
Accumulated other comprehensive loss (33,000) (102,000)
Accumulated deficit (101,963,000) (72,513,000)
TOTAL STOCKHOLDERS’ EQUITY 63,681,000 50,337,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 71,277,000 $ 56,077,000