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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 24,033 $ 3,620
Prepaid expenses 713 23
Total current assets 24,746 3,643
Deferred offering costs   847
Deposits 8  
Total assets 24,754 4,490
Current liabilities:    
Accounts payable 2,008 531
Accrued liabilities 2,113 1,617
Convertible notes to related parties   1,795
Convertible notes   4,629
Premium conversion derivative   345
Total current liabilities 4,121 8,917
Other liabilities 1  
Total liabilities 4,122 8,917
Commitments and contingencies (Note 5)
Series A convertible preferred stock, $0.001 par value; no shares authorized as of December 31, 2016 and 2,325,581 shares authorized as of December 31, 2015, no shares issued or outstanding as of December 31, 2016 and 745,637 shares issued and outstanding as of December 31, 2015, aggregate liquidation preference as of December 31, 2016 and 2015 of zero and $7,953, respectively.   7,953
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of December 31, 2016 and no shares authorized as of December 31, 2015, no shares issued or outstanding as of December 31, 2016 and 2015.
Common stock, $0.001 par value; 100,000,000 and 17,674,419 shares authorized as of December 31, 2016 and 2015, respectively, 9,270,255 and 3,758,488 shares issued and outstanding at December 31, 2016 and 2015, respectively. 17 12
Additional paid in capital 47,674  
Accumulated deficit (27,059) (12,392)
Total stockholders’ equity (deficit) 20,632 (12,380)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 24,754 $ 4,490