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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 15,410 $ 17,417
Prepaid expenses and other current assets 455 485
Total current assets 15,865 17,902
Property and equipment, net of accumulated depreciation of $2,121 and $1,919, respectively 1,374 1,470
Other assets 39 39
Total assets 17,278 19,411
Current liabilities:    
Accounts payable 635 862
Related party payable 276 2,303
Accrued expenses 1,137 1,260
Total current liabilities 2,048 4,425
Convertible promissory notes, net of debt discount of $18,003 and $18,003, respectively (see Note 4) 0 0
Accrued interest payable 1,349 967
Warrant liability, long term 747 1,073
Derivative liability 2,957 3,136
Deferred rent 809 803
Total liabilities 7,910 10,404
Stockholders’ equity:    
Series A nonredeemable convertible preferred stock; 8,000 shares designated, 8,000 shares issued and outstanding as of June 30, 2018 and December 31, 2017 respectively; aggregate liquidation preference of $8,429 at June 30, 2018 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized, 7,840,902 and 5,189,755 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 8 5
Additional paid-in capital 193,958 187,805
Accumulated deficit (184,598) (178,803)
Total stockholders’ equity 9,368 9,007
Total liabilities and stockholders’ equity $ 17,278 $ 19,411