Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

v3.3.1.900
BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 43,456 $ 15,203
Short-term investments 82,820 127,956
Accounts receivable 203 5,750
Prepaid and other current assets 2,545 1,628
Total current assets 129,024 150,537
Property and equipment, net 1,613 2,509
Other assets 1,110 1,089
Total assets 131,747 154,135
Current liabilities:    
Accounts payable 2,763 1,613
Accrued compensation 6,251 2,832
Accrued research and development 4,953 3,993
Other accrued liabilities 1,133 534
Deferred revenue 13,427  
Deferred liability - sublease, current portion 3,005 2,803
Deferred rent, current portion 2,264 2,250
Total current liabilities 33,796 14,025
Long-term portion of deferred liability - sublease 3,460 6,466
Long-term portion of deferred rent 3,083 5,347
Other long-term liabilities $ 27 $ 51
Commitments
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of December 31, 2015 and 2014
Common stock, $0.001 par value; 200,000,000 shares authorized; 90,554,589 and 88,041,445 shares issued and outstanding as of December 31, 2015 and 2014, respectively $ 91 $ 88
Additional paid-in capital 1,082,980 1,068,347
Accumulated other comprehensive loss (44) (7)
Accumulated deficit (991,646) (940,182)
Total stockholders' equity 91,381 128,246
Total liabilities and stockholders' equity $ 131,747 $ 154,135