Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 13,114 $ 7,714
Prepaid expenses and other 634 588
Total current assets 13,748 8,302
Furniture and equipment, net of accumulated depreciation of $32 and $21, respectively 33 33
Intangible assets 11,148 11,148
Total assets 24,929 19,483
Current liabilities:    
Accounts payable 570 810
Accrued expenses and current liabilities 766 902
Warrant liability 463 503
Total current liabilities 1,799 2,215
Long-term deferred compensation – related party 150 150
Warrant liability - long term 2,410 0
Total liabilities 4,359 2,365
Commitments and contingencies
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, 25,768,861 issued outstanding at March 31, 2018 and 21,469,109 issued and outstanding at December 31, 2017 26 21
Additional paid-in capital 36,951 31,577
Accumulated deficit (16,407) (14,480)
Total stockholders’ equity 20,570 17,118
Total liabilities and stockholders’ equity $ 24,929 $ 19,483