XML 16 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 20,560 $ 17,515
Prepaid expenses and other current assets 564 513
Total current assets 21,124 18,028
Property and equipment, net of accumulated depreciation of $1,636 and $1,561, respectively 1,468 1,489
Other assets 99 65
Total assets 22,691 19,582
Current liabilities:    
Accounts payable 566 440
Related party payable 1,509 942
Accrued expenses 856 1,551
Warrant liability, current 29 54
Total current liabilities 2,960 2,987
Convertible promissory notes, net of debt discount of $18,088 (see Note 4) 0 0
Accrued interest payable 411 228
Warrant liability, long term 6,010 5,980
Derivative liability 2,047 1,735
Deferred rent 794 791
Total liabilities 12,222 11,721
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized: Series A nonredeemable convertible preferred stock; 8,000 shares designated, 8,000 shares issued and outstanding as of March 31, 2017; no shares designated, issued or outstanding as of December 31, 2016; aggregate liquidation preference of $8,020 at March 31, 2017 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized, 14,695,076 and 14,688,135 shares issued and outstanding, respectively 15 15
Additional paid-in capital 178,024 170,409
Accumulated deficit (167,570) (162,563)
Total stockholders’ equity 10,469 7,861
Total liabilities and stockholders’ equity $ 22,691 $ 19,582