Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 93,494 $ 35,909
Prepaid expenses and other current assets 1,387 540
Total current assets 94,881 36,449
Property and equipment, net 4,603 4,799
Other long-term assets 443 1,900
Restricted cash 483 483
Total assets 100,410 43,631
Current liabilities    
Accounts payable 4,039 5,035
Accrued expenses 3,834 2,504
Deferred rent 310 284
Capital lease obligation, current portion 165 133
Total current liabilities 8,348 7,956
Deferred rent, net of current portion 1,185 1,420
Capital lease obligation, net of current portion 96 206
Commitments and Contingencies (Note 7)
Stockholders' equity (deficit) :    
Preferred stock, $0.001 par value; 10,000,000 and 0 shares authorized at September 30, 2016 and December 31, 2015, respectively, 0 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively
Common stock, $0.001 par value; 200,000,000 and 66,171,908 shares authorized at September 30, 2016 and December 31, 2015, respectively; 23,369,663 and 2,363,018 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 23 2
Additional paid-in capital 181,049 5,547
Accumulated deficit (90,291) (53,513)
Total stockholders' equity (deficit) 90,781 (47,964)
Total liabilities, convertible preferred stock and stockholders' equity (deficit) $ 100,410 43,631
Series A convertible preferred stock    
Current liabilities    
Convertible preferred stock   29,015
Series B convertible preferred stock    
Current liabilities    
Convertible preferred stock   $ 52,998