Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 61,486 $ 38,290 [1]
Short-term investments 54,151 77,461 [1]
Accounts receivable, net 3,273  
Inventories 534  
Deferred rent 30  
Prepaid and other current assets 1,562 1,682 [1]
Total current assets 121,036 117,433 [1]
Property and equipment, net 1,481 875 [1]
Other assets 652 803 [1]
Total assets 123,169 119,111 [1]
Current liabilities:    
Accounts payable 2,641 2,636 [1]
Accrued compensation 7,499 7,059 [1]
Accrued research and development 5,801 5,028 [1]
Other accrued liabilities 3,755 3,330 [1]
Deferred liability - sublease, current portion [1]   284
Total current liabilities 19,696 18,337 [1]
Long-term portion of deferred rent [1]   90
Other long-term liabilities [1]   38
Commitments [1]
Stockholders' equity:    
Preferred stock [1]
Common stock 166 147 [1]
Additional paid-in capital 1,315,894 1,239,435 [1]
Accumulated other comprehensive loss (25) (82) [1]
Accumulated deficit (1,212,562) (1,138,854) [1]
Total stockholders' equity 103,473 100,646 [1]
Total liabilities and stockholders' equity $ 123,169 $ 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.