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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 15,912 $ 17,515
Prepaid expenses and other current assets 441 513
Total current assets 16,353 18,028
Property and equipment, net of accumulated depreciation of $1,718 and $1,561, respectively 1,534 1,489
Other assets 84 65
Total assets 17,971 19,582
Current liabilities:    
Accounts payable 658 440
Related party payable 1,678 942
Accrued expenses 769 1,551
Warrant liability, current 315 54
Total current liabilities 3,420 2,987
Convertible promissory notes, net of debt discount of $18,038 and $18,088, respectively (see Note 4) 0 0
Accrued interest payable 594 228
Warrant liability, long term 15,401 5,980
Derivative liability 1,194 1,735
Deferred rent 797 791
Total liabilities 21,406 11,721
Stockholders’ equity (deficit):    
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 June 30, 2017; no shares designated, issued or outstanding as of December 31, 2016; aggregate liquidation preference of $8,100 at June 30, 2017 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized, 14,709,971 and 14,688,135 shares issued and outstanding, respectively 15 15
Additional paid-in capital 178,138 170,409
Accumulated deficit (181,588) (162,563)
Total stockholders’ equity (deficit) (3,435) 7,861
Total liabilities and stockholders’ equity $ 17,971 $ 19,582