Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

v3.7.0.1
BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 40,144 $ 17,632
Short-term investments 57,997 57,134
Prepaid and other current assets 1,383 1,448
Total current assets 99,524 76,214
Property and equipment, net 1,072 1,156
Other assets 730 764
Total assets 101,326 78,134
Current liabilities:    
Accounts payable 1,178 5,563
Accrued compensation 2,621 4,085
Accrued research and development 6,230 5,881
Other accrued liabilities 1,472 1,033
Deferred liability - sublease, current portion 3,127 3,222
Deferred rent, current portion 2,617 2,804
Total current liabilities 17,245 22,588
Long-term portion of deferred liability - sublease   238
Long-term portion of deferred rent   279
Other long-term liabilities   2
Commitments
Stockholders' equity:    
Preferred stock
Common stock 123 100
Additional paid-in capital 1,160,163 1,115,807
Accumulated other comprehensive loss (29) (18)
Accumulated deficit (1,076,176) (1,060,862)
Total stockholders' equity 84,081 55,027
Total liabilities and stockholders' equity $ 101,326 $ 78,134