Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 33,395 $ 13,678
Accounts receivable 0 1,066
Prepaid expenses and other current assets 543 292
Total current assets 33,938 15,036
Property and equipment, net 167 203
Investment 2,618 2,745
Intangible assets, net 8,279 0
Other long-term assets 322 321
Total assets 45,324 18,305
Current liabilities:    
Accounts payable 2,831 1,858
Accounts payable - related parties 13 88
Accrued expenses 504 1,832
Accrued income taxes 241 3
Warrant liability 1,783 0
Other liabilities, current - patent purchase 1,000 33
Total current liabilities 6,372 3,814
Other liabilities, non-current 91 119
Other liabilities, non-current - patent purchase 5,500 0
Total liabilities 11,963 3,933
Commitments and contingencies (Note 2)
Stockholders' equity    
Preferred stock - $0.0001 par value; 10,000,000 shares authorized; 153,000 shares designated Series A-1 Redeemable Preferred Stock at September 30, 2017 0 0
Common stock - $0.0001 par value; 80,000,000 shares authorized; 27,483,994, and 23,102,728 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 3 2
Additional paid-in capital 23,722 18,140
Accumulated deficit (8,373) (17,256)
Total stockholders' equity 15,352 886
Total liabilities and stockholders' equity 45,324 18,305
Series A Preferred stock - $0.0001 par value, no shares and 83,502 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively (Liquidation preference of $13,777 at December 31, 2016)    
Redeemable Preferred Stock    
Redeemable Preferred Stock 0 13,486
Series A-1 Preferred stock - $0.0001 par value, 153,000 shares and no shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively (Liquidation preference of $18,934 at September 30, 2017)    
Redeemable Preferred Stock    
Redeemable Preferred Stock $ 18,009 $ 0