Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 47,999 $ 58,588
Marketable securities 22,495 25,005
Accounts receivable 551 867
Prepaid expenses and other current assets 1,460 1,048
Total current assets 72,505 85,508
Property and equipment, net 4,546 4,850
Other long-term assets 489 482
Restricted cash 483 483
Total assets 78,023 91,323
Current liabilities:    
Accounts payable 2,377 2,415
Accrued expenses 3,989 6,115
Deferred revenue   550
Deferred rent, current portion 328 319
Capital lease obligations, current portion 171 168
Total current liabilities 6,865 9,567
Deferred rent, net of current portion 1,013 1,101
Capital lease obligations, net of current portion 9 53
Commitments and contingencies (Note 8)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at March 31, 2017 and December 31, 2016, respectively, 0 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively
Common stock, $0.001 par value; 200,000,000 shares authorized at March 31, 2017 and December 31, 2016, respectively; 23,432,728 and 23,380,888 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 23 23
Additional paid-in capital 182,897 181,844
Accumulated other comprehensive loss (13) (9)
Accumulated deficit (112,771) (101,256)
Total stockholders' equity 70,136 80,602
Total liabilities and stockholders' equity $ 78,023 $ 91,323