Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 25,879 $ 17,632
Short-term investments 42,197 57,134
Prepaid and other current assets 1,485 1,448
Total current assets 69,561 76,214
Property and equipment, net 919 1,156
Other assets 770 764
Total assets 71,250 78,134
Current liabilities:    
Accounts payable 2,193 5,563
Accrued compensation 4,743 4,085
Accrued research and development 4,408 5,881
Other accrued liabilities 1,517 1,033
Deferred liability - sublease, current portion 1,248 3,222
Deferred rent, current portion 897 2,804
Total current liabilities 15,006 22,588
Long-term portion of deferred liability - sublease   238
Long-term portion of deferred rent   279
Other long-term liabilities 77 2
Commitments
Stockholders' equity:    
Preferred stock
Common stock 125 100
Additional paid-in capital 1,169,032 1,115,807
Accumulated other comprehensive loss (7) (18)
Accumulated deficit (1,112,983) (1,060,862)
Total stockholders' equity 56,167 55,027
Total liabilities and stockholders' equity $ 71,250 $ 78,134