Quarterly report pursuant to Section 13 or 15(d)

Certain Balance Sheet Items

v2.4.0.8
Certain Balance Sheet Items
9 Months Ended
Sep. 30, 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):

 

     September 30,
2014
    December 31,
2013
 
     (unaudited)        

Office and computer equipment

   $ 176      $ 556   

Purchased software

     46        166   

Furniture and fixtures

     33        42   

Leasehold improvements

     66        2,534   
  

 

 

   

 

 

 

Total

     321        3,298   

Less accumulated depreciation and amortization

     (230     (3,295
  

 

 

   

 

 

 

Property and equipment, net

   $ 91      $ 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. In June 2014, the Company completed a physical inventory of its property and equipment and disposed of certain fully depreciated computers, equipment and software.

Accrued liabilities consist of the following (in thousands):

 

     September 30,
2014
     December 31,
2013
 
     (unaudited)         

Accrued compensation

   $ 842       $ 518   

Accrued pre-clinical and clinical trial expenses

     2,815         418   

Accrued professional fees

     242         782   

Forward contract

     —           453   

Other accruals

     91         80   
  

 

 

    

 

 

 

Total accrued liabilities

   $ 3,990       $ 2,251