Balance Sheets - USD ($)
$ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
| Current Assets: |
|
|
| Cash and cash equivalents |
$ 26,718
|
$ 3,197
|
| Restricted Investment |
0
|
15
|
| Prepaid expenses and other current assets |
96
|
48
|
| Total current assets |
26,814
|
3,260
|
| Property and equipment, net |
28
|
15
|
| Deferred offering costs |
0
|
145
|
| Security deposit |
37
|
0
|
| Total assets |
26,879
|
3,420
|
| Current liabilities: |
|
|
| Accounts payable |
353
|
301
|
| Accrued expenses |
168
|
131
|
| Accrued payroll related expenses |
510
|
14
|
| Senior secured convertible promissory notes payable, net |
0
|
16,095
|
| Total liabilities |
1,031
|
16,541
|
| Commitments and contingencies (see Note 7) |
|
|
| Stockholders' equity (deficit): |
|
|
| Preferred stock, $0.001 par value, authorized 2,500 shares; none issued and outstanding at December 31, 2016 and 2015 |
0
|
0
|
| Common stock, $0.001 par value, authorized 47,500 shares; 12,025 shares issued and outstanding at December 31, 2016 and 1,617 issued and outstanding as of December 31, 2015 |
12
|
2
|
| Additional paid-in capital |
121,833
|
70,452
|
| Subscription receivable |
0
|
(188)
|
| Accumulated deficit |
(95,997)
|
(83,387)
|
| Total stockholders' equity (deficit) |
25,848
|
(13,121)
|
| Total liabilities and stockholders' equity (deficit) |
$ 26,879
|
$ 3,420
|