Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 38,290 $ 17,632
Short-term investments 77,461 57,134
Prepaid and other current assets 1,682 1,448
Total current assets 117,433 76,214
Property and equipment, net 875 1,156
Other assets 803 764
Total assets 119,111 78,134
Current liabilities:    
Accounts payable 2,636 5,563
Accrued compensation 7,059 4,085
Accrued research and development 5,028 5,881
Other accrued liabilities 3,330 1,033
Deferred liability - sublease, current portion 284 3,222
Deferred rent, current portion   2,804
Total current liabilities 18,337 22,588
Long-term portion of deferred liability - sublease   238
Long-term portion of deferred rent 90 279
Other long-term liabilities 38 2
Commitments
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of December 31, 2017 and 2016
Common stock, $0.001 par value; 200,000,000 shares authorized; 146,814,906 and 99,269,418 shares issued and outstanding as of December 31, 2017 and 2016, respectively 147 100
Additional paid-in capital 1,239,435 1,115,807
Accumulated other comprehensive loss (82) (18)
Accumulated deficit (1,138,854) (1,060,862)
Total stockholders' equity 100,646 55,027
Total liabilities and stockholders' equity $ 119,111 $ 78,134