Annual report pursuant to Section 13 and 15(d)

Condensed Balance Sheets

v3.3.1.900
Condensed Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 7,706 $ 11,586
Marketable securities 33,774 23,209
Contract receivables   211
Accrued interest receivable 186 136
Prepaid expenses 1,128 1,991
Other current assets   96
Total current assets 42,794 37,229
Property and equipment, net 64 86
Other assets 221 159
Total assets 43,079 37,474
Current liabilities:    
Accounts payable 1,008 2,085
Accrued liabilities 3,336 3,388
Warrant liability 1,220 13,596
Facility loan 509 1,355
Accrued interest payable 73 35
Total current liabilities 6,146 20,459
Facility loan, less current portion 8,799 3,152
Other liabilities 19 13
Total liabilities $ 14,964 $ 23,624
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value: 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.0001 par value: 100,000,000 shares authorized; 23,447,003 and 14,696,108 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively $ 2 $ 1
Additional paid-in capital 424,422 394,622
Accumulated other comprehensive loss (21) (14)
Accumulated deficit (396,288) (380,759)
Total stockholders' equity 28,115 13,850
Total liabilities and stockholders' equity $ 43,079 $ 37,474