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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 16,111 $ 17,417
Prepaid expenses and other current assets 294 485
Total current assets 16,405 17,902
Property and equipment, net of accumulated depreciation of $2,221 and $1,919, respectively 1,295 1,470
Other assets 1 39
Total assets 17,701 19,411
Current liabilities:    
Accounts payable 782 862
Related party payable 63 2,303
Accrued expenses 966 1,260
Total current liabilities 1,811 4,425
Convertible promissory notes, net of debt discount of $18,003 and $18,003, respectively (see Note 4) 0 0
Accrued interest payable 1,542 967
Warrant liability 482 1,073
Derivative liability 2,870 3,136
Deferred rent 812 803
Total liabilities 7,517 10,404
Stockholders’ equity:    
Series A nonredeemable convertible preferred stock; 8,000 shares designated, 8,000 shares issued and outstanding as of September 30, 2018 and December 31, 2017 respectively; aggregate liquidation preference of $8,514 at September 30, 2018 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized, 9,314,982 and 5,189,755 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 9 5
Additional paid-in capital 197,632 187,805
Accumulated deficit (187,457) (178,803)
Total stockholders’ equity 10,184 9,007
Total liabilities and stockholders’ equity $ 17,701 $ 19,411