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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 14,430 $ 17,417
Prepaid expenses and other current assets 105 485
Total current assets 14,535 17,902
Property and equipment, net of accumulated depreciation of $2,311 and $1,919, respectively 1,222 1,470
Other assets 1 39
Total assets 15,758 19,411
Current liabilities:    
Accounts payable 452 862
Related party payable 100 2,303
Accrued expenses 1,470 1,260
Deferred rent, current 150 0
Total current liabilities 2,172 4,425
Convertible promissory notes, net of debt discount of $18,003 and $18,003, respectively (see Note 6) 0 0
Accrued interest payable 1,738 967
Warrant liability 152 1,073
Derivative liability 1,474 3,136
Deferred rent 665 803
Total liabilities 6,201 10,404
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 8,000 shares issued and outstanding as of December 31, 2018; 5,000,000 shares authorized, 8,000 shares issued and outstanding as of December 31, 2017; aggregate liquidation preference of $8,600 at December 31, 2018 and $8,264 at December 31, 2017 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized, 9,758,332 shares issued and outstanding as of December 31, 2018; 150,000,000 shares authorized, 5,189,755 shares issued and outstanding as of December 31, 2017 10 5
Additional paid-in capital 198,627 187,805
Accumulated deficit (189,080) (178,803)
Total stockholders’ equity 9,557 9,007
Total liabilities and stockholders’ equity $ 15,758 $ 19,411