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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 21,283 $ 29,268
Inventory, net 0 482
Prepaid expenses and other current assets 374 1,244
Total current assets 21,657 30,994
Property and equipment, net of accumulated depreciation of $1,486 and $1,242, respectively 1,492 1,582
Intangible assets, net of accumulated amortization of $0 and $2,204, respectively 0 4,136
Other assets 64 0
Total assets 23,213 36,712
Current liabilities:    
Accounts payable 361 499
Related party payable 341 10,720
Accrued expenses 1,715 1,779
Interest payable 46 0
Deferred revenue 0 457
Warrant liability, current 0 1,910
Total current liabilities 2,463 15,365
Convertible promissory notes, net of debt discount of $18,088 and $0, respectively (see Note 5) 0 0
Warrant liability, long term 7,400 6,365
Derivative liability 1,524 0
Deferred rent 788 779
Total liabilities 12,175 22,509
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares outstanding as of September 30, 2016 and December 31, 2015 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized, 43,898,785 shares issued and outstanding as of September 30, 2016; 100,000,000 shares authorized, 43,898,785 shares issued and outstanding as of December 31, 2015 44 44
Additional paid-in capital 170,063 161,330
Accumulated deficit (159,069) (147,171)
Total stockholders’ equity 11,038 14,203
Total liabilities and stockholders’ equity $ 23,213 $ 36,712