Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 65,078 $ 38,290 [1]
Short-term investments 69,914 77,461 [1]
Accounts receivable, net 1,620  
Inventories 494  
Deferred rent 400  
Prepaid and other current assets 1,551 1,682 [1]
Total current assets 139,057 117,433 [1]
Property and equipment, net 1,484 875 [1]
Other assets 678 803 [1]
Total assets 141,219 119,111 [1]
Current liabilities:    
Accounts payable 3,342 2,636 [1]
Accrued compensation 5,440 7,059 [1]
Accrued research and development 5,494 5,028 [1]
Other accrued liabilities 3,089 3,330 [1]
Deferred liability - sublease, current portion [1]   284
Total current liabilities 17,365 18,337 [1]
Long-term portion of deferred rent 249 90 [1]
Other long-term liabilities 38 38 [1]
Commitments [1]
Stockholders' equity:    
Preferred stock [1]
Common stock 166 147 [1]
Additional paid-in capital 1,312,246 1,239,435 [1]
Accumulated other comprehensive loss (49) (82) [1]
Accumulated deficit (1,188,796) (1,138,854) [1]
Total stockholders' equity 123,567 100,646 [1]
Total liabilities and stockholders' equity $ 141,219 $ 119,111 [1]
[1] The balance sheet at December 31, 2017 has been derived from the audited financial statements included in Rigel’s Annual Report on Form 10-K for the year ended December 31, 2017.