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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 8,034 $ 7,600
Marketable equity securities 428 760
Prepaid expenses and other current assets 180 168
Total current assets 8,642 8,528
NONCURRENT ASSETS    
Intangible assets, net [1] 746
Machinery and equipment, net 614 822
Deposits and other noncurrent assets 262 120
TOTAL ASSETS 9,518 10,216
CURRENT LIABILITIES    
Amount due to BioTime and affiliates 2,101 2,099
Accounts payable 166 175
Accrued expenses and other current liabilities 2,109 1,042
Loan payable, current 800 800
Capital lease liability, current 385 338
Total current liabilities 5,561 4,454
NONCURRENT LIABILITIES    
Loan payable, net of deferred financing costs, noncurrent 347 1,070
Capital lease liability, noncurrent 187 289
TOTAL LIABILITIES 6,095 5,813
Commitments and contingencies (Note 9)
STOCKHOLDERS' EQUITY    
Preferred stock, no par value, 5,000 shares authorized; none issued and outstanding
Common stock, no par value, 85,000 shares authorized; 40,664 and 31,452 shares issued and outstanding at December 31, 2018 and 2017, respectively 74,742 59,968
Accumulated other comprehensive loss (888)
Accumulated deficit (71,319) (54,677)
Total stockholders' equity 3,423 4,403
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 9,518 $ 10,216
[1] As part of OncoCyte's impairment assessment of certain intangible assets, OncoCyte determined that those assets were impaired as of June 30, 2018 and, accordingly, OncoCyte recorded a noncash charge of $625,000 representing the net book value of those assets as of that date, and included that charge in research and development expenses for the year ended December 31, 2018. The impairment was primarily due to OncoCyte's decision to discontinue any further utilization of the underlying patents, patent applications and licenses since those assets are for therapeutic use and not for diagnostic use, as OncoCyte continues to devote all of its research and development resources and commercialization efforts to cancer diagnostic tests. Research and development expenses for the year ended December 31, 2018 include $121,000 in amortization expense related to those intangible assets recorded prior to the impairment charge. For the year ended December 31, 2017, research and development expenses include $242,000 of amortization of intangible assets.