XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,322 $ 14,430
Grant receivable 294 0
Prepaid expenses and other current assets 923 105
Total current assets 12,539 14,535
Property and equipment, net of accumulated depreciation of $2,397 and $2,311, respectively 1,183 1,222
Right of use asset - operating lease 4,412  
Other assets 1 1
Total assets 18,135 15,758
Current liabilities:    
Accounts payable 1,534 452
Related party payable 53 100
Accrued expenses 1,727 1,470
Lease liability, current - operating lease 175  
Deferred rent, current   150
Total current liabilities 3,489 2,172
Convertible promissory notes, net of debt discount of $18,003 and $18,003, respectively (see Note 5) 0 0
Accrued interest payable 1,935 1,738
Warrant liability 181 152
Derivative liability 1,419 1,474
Lease liability, operating lease 5,108  
Deferred rent   665
Total liabilities 12,132 6,201
Stockholders’ equity:    
Series A nonredeemable convertible preferred stock; 8,000 shares designated, 8,000 shares issued and outstanding as of March 31, 2019 and December 31, 2018 respectively; aggregate liquidation preference of $8,685 at March 31, 2019 and $8,600 at December 31, 2018. 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized, 9,758,332 shares issued and outstanding at March 31, 2019 and December 31, 2018. 10 10
Additional paid-in capital 198,739 198,627
Accumulated deficit (192,746) (189,080)
Total stockholders’ equity 6,003 9,557
Total liabilities and stockholders’ equity $ 18,135 $ 15,758