Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.8.0.1
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 7,714 $ 5,007
Prepaid expenses 588 215
Total current assets 8,302 5,222
Furniture and equipment, net of accumulated depreciation of $21 and $6, respectively 33 23
Intangible assets 11,148 11,148
Total Assets 19,483 16,393
Current Liabilities:    
Accounts payable 810 399
Accrued expenses and current liabilities 902 650
Warrant liability 503 0
Convertible notes payable 0 296
Total current liabilities 2,215 1,345
Long-term deferred compensation – related party 150 88
Total Liabilities 2,365 1,433
Commitments and contingencies (Note 9)
Stockholders' Equity:    
Preferred stock, $0.001 par value; 5,000,000 authorized, no shares issued and outstanding 0 0
Common stock, $0.001 par value; 75,000,000 authorized, 21,469,109 issued and outstanding at December 31, 2017 and 12,164,852 shares issued and outstanding at December 31, 2016 21 12
Additional paid-in capital 31,577 19,623
Accumulated deficit (14,480) (4,675)
Total Stockholders' Equity 17,118 14,960
Total Liabilities and Stockholders' Equity $ 19,483 $ 16,393