Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v3.7.0.1
Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 9,272 $ 5,007
Prepaid expenses 809 215
Total current assets 10,081 5,222
Furniture and equipment, net of accumulated depreciation of $14 and $6, respectively 20 23
Intangible assets 11,148 11,148
Total assets 21,249 16,393
Current liabilities:    
Accounts payable and accrued expenses 645 1,069
Convertible notes payable 0 276
Warranty liability - current portion 1,185 0
Total current liabilities 1,830 1,345
Warrant liability 0 0
Long-term deferred compensation - related party 150 88
Total liabilities 1,980 1,433
Commitments and contingencies (Note 7)
Stockholders’ equity    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.001 par value; 75,000,000 shares authorized, 20,164,854 issued outstanding at June 30, 2017 and 12,164,852 issued and outstanding at December 31, 2016 21 12
Additional paid-in capital 27,711 19,623
Warrant receivable (34) 0
Accumulated deficit (8,429) (4,675)
Total stockholders’ equity 19,269 14,960
Total liabilities and stockholders’ equity $ 21,249 $ 16,393