Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

v3.8.0.1
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 40,125 $ 38,290 [1]
Short-term investments 54,175 77,461 [1]
Prepaid and other current assets 2,320 1,682 [1]
Total current assets 96,620 117,433 [1]
Property and equipment, net 1,439 875 [1]
Other assets 754 803 [1]
Total assets 98,813 119,111 [1]
Current liabilities:    
Accounts payable 2,623 2,636 [1]
Accrued compensation 4,746 7,059 [1]
Accrued research and development 5,872 5,028 [1]
Other accrued liabilities 5,549 3,330 [1]
Deferred liability - sublease, current portion [1]   284
Total current liabilities 18,790 18,337 [1]
Long-term portion of deferred rent 178 90 [1]
Other long-term liabilities 38 38 [1]
Commitments [1]
Stockholders' equity:    
Preferred stock [1]
Common stock 148 147 [1]
Additional paid-in capital 1,242,985 1,239,435 [1]
Accumulated other comprehensive loss (87) (82) [1]
Accumulated deficit (1,163,239) (1,138,854) [1]
Total stockholders' equity 79,807 100,646 [1]
Total liabilities and stockholders' equity $ 98,813 $ 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.