Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 32,205 $ 58,588
Marketable securities 39,844 25,005
Accounts receivable   867
Prepaid expenses and other current assets 917 1,048
Restricted cash 193  
Total current assets 73,159 85,508
Property and equipment, net 3,938 4,850
Other long-term assets 1,101 482
Restricted cash 290 483
Total assets 78,488 91,323
Current liabilities:    
Accounts payable 2,283 2,415
Accrued expenses 9,728 6,115
Deferred revenue   550
Deferred rent, current portion 355 319
Capital lease obligations, current portion 47 168
Total current liabilities 12,413 9,567
Deferred rent, net of current portion 745 1,101
Capital lease obligations, net of current portion 6 53
Commitments and contingencies (Note 9)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2017 and December 31, 2016, 0 shares issued and outstanding at December 31, 2017 and December 31, 2016
Common stock, $0.001 par value; 200,000,000 shares authorized at December 31, 2017 and December 31, 2016; 26,423,375 and 23,380,888 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively 26 23
Additional paid-in capital 220,606 181,844
Accumulated other comprehensive loss (42) (9)
Accumulated deficit (155,266) (101,256)
Total stockholders' equity 65,324 80,602
Total liabilities and stockholders' equity $ 78,488 $ 91,323