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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:
Cash and cash equivalents
$ 24,203 $ 24,991
Marketable securities
36,832 62,263
Prepaid expenses and other current assets
628 432
Total current assets
61,663 87,686
Property and equipment and other assets, net
272 223
Total assets
61,935 87,909
Current liabilities:
Accounts payable
1,921 994
Accrued direct program expenses
2,646 1,555
Accrued employee benefits
1,879 1,675
Accrued other liabilities
53 195
Total current liabilities
6,499 4,419
Commitments and contingencies
Stockholders' equity (deficit):
Preferred stock, $0.001 par value; 10,000,000 shares authorized for both periods presented; no shares issued and outstanding
Common stock, $0.001 par value; 200,000,000 shares authorized for both periods presented; 15,565,973 and 15,462,030 shares issued and outstanding, respectively
16 15
Additional paid-in capital
235,737 232,309
Accumulated other comprehensive income (loss)
(17) 3
Accumulated deficit
(180,300) (148,837)
Total stockholders' equity (deficit)
55,436 83,490
Total liabilities and stockholders' equity (deficit)
$ 61,935 $ 87,909