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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 12,201 $ 17,417
Prepaid expenses and other current assets 497 485
Total current assets 12,698 17,902
Property and equipment, net of accumulated depreciation of $2,020 and $1,919, respectively 1,408 1,470
Other assets 39 39
Total assets 14,145 19,411
Current liabilities:    
Accounts payable 508 862
Related party payable 374 2,303
Accrued expenses 1,005 1,260
Total current liabilities 1,887 4,425
Convertible promissory notes, net of debt discount of $18,003 and $18,003, respectively (see Note 4) 0 0
Accrued interest payable 1,157 967
Warrant liability, long term 838 1,073
Derivative liability 3,199 3,136
Deferred rent 805 803
Total liabilities 7,886 10,404
Stockholders’ equity:    
Series A nonredeemable convertible preferred stock; 8,000 shares designated, 8,000 shares issued and outstanding as of March 31, 2018 and December 31, 2017 respectively; aggregate liquidation preference of $8,346 at March 31, 2018 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized, 28,356,351 and 25,940,247 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 28 26
Additional paid-in capital 187,935 187,784
Accumulated deficit (181,704) (178,803)
Total stockholders’ equity 6,259 9,007
Total liabilities and stockholders’ equity $ 14,145 $ 19,411