Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 50,116 $ 35,909
Prepaid expenses and other current assets 2,037 540
Total current assets 52,153 36,449
Property and equipment, net 4,773 4,799
Other long-term assets 3,537 1,900
Restricted cash 483 483
Total assets 60,946 43,631
Current liabilities    
Accounts payable 1,645 5,035
Accrued expenses 4,040 2,504
Deferred rent 301 284
Capital lease obligation, current portion 163 133
Total current liabilities 6,149 7,956
Deferred rent, net of current portion 1,263 1,420
Restricted stock liability, net of current portion 2  
Capital lease obligation, net of current portion 138 206
Commitments and Contingencies (Note 7)
Stockholders' Deficit:    
Common stock, $0.001 par value; 78,886,062 and 66,171,908 shares authorized at June 30, 2016 and December 31, 2015, respectively; 2,684,688 and 2,363,018 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 3 2
Additional paid-in capital 7,706 5,547
Accumulated deficit (76,122) (53,513)
Total stockholders' (deficit) equity (68,413) (47,964)
Total liabilities, convertible preferred stock and stockholders' (deficit) equity 60,946 43,631
Series A convertible preferred stock    
Current liabilities    
Convertible preferred stock 29,015 29,015
Series B convertible preferred stock    
Current liabilities    
Convertible preferred stock $ 92,792 $ 52,998