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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 17,417 $ 17,515
Prepaid expenses and other current assets 485 513
Total current assets 17,902 18,028
Property and equipment, net of accumulated depreciation of $1,919 and $1,561, respectively 1,470 1,489
Other assets 39 65
Total assets 19,411 19,582
Current liabilities:    
Accounts payable 862 440
Related party payable 2,303 942
Accrued expenses 1,260 1,551
Warrant liability, current 0 54
Total current liabilities 4,425 2,987
Convertible promissory notes, net of debt discount of $18,003 and $18,088, respectively (see Note 7) 0 0
Accrued interest payable 967 228
Warrant liability, long term 1,073 5,980
Derivative liability 3,136 1,735
Deferred rent 803 791
Total liabilities 10,404 11,721
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 8,000 shares issued and outstanding as of December 31, 2017; 5,000,000 shares authorized, no shares issued and outstanding as of December 31, 2016; aggregate liquidation preference of $8,264 at December 31, 2017 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized, 25,940,247 shares issued and outstanding as of December 31, 2017; 150,000,000 shares authorized, 14,688,135 shares issued and outstanding as of December 31, 2016 26 15
Additional paid-in capital 187,784 170,409
Accumulated deficit (178,803) (162,563)
Total stockholders’ equity 9,007 7,861
Total liabilities and stockholders’ equity $ 19,411 $ 19,582