Quarterly report pursuant to sections 13 or 15(d)

Certain Balance Sheet Items

v2.4.0.8
Certain Balance Sheet Items
3 Months Ended
Mar. 31, 2014
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Certain Balance Sheet Items

3. Certain Balance Sheet Items

Property and equipment consists of the following (in thousands):

 

     March 31,     December 31,  
     2014     2013  
     (unaudited)        

Office and computer equipment

   $ 556      $ 556   

Purchased software

     166        166   

Furniture and fixtures

     42        42   

Leasehold improvements

     349        2,534   
  

 

 

   

 

 

 

Total

     1,114        3,298   

Less accumulated depreciation and amortization

     (1,054     (3,295
  

 

 

   

 

 

 

Property and equipment, net

   $ 60      $ 3   
  

 

 

   

 

 

 

In March 2014, the Company ceased use of a substantial portion of its leased facility in Hayward, California. In connection with the closure of this facility, the Company disposed of certain fully depreciated leasehold improvements.

Accrued liabilities consist of the following (in thousands):

 

     March 31,      December 31,  
     2014      2013  
     (unaudited)         

Accrued compensation

   $ 419       $ 518   

Accrued pre-clinical and clinical trial expenses

     1,233         418   

Accrued professional fees

     501         782   

Forward contract

     —           453   

Other accruals

     215         80   
  

 

 

    

 

 

 

Total accrued liabilities

   $ 2,368       $ 2,251