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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 3,708,000 $ 12,269,000
Accounts receivable 310,000 238,000
Due from related party 28,000 146,000
Unbilled receivables 103,000 150,000
Inventory 396,000 379,000
Prepaid expenses and other current assets 622,000 1,668,000
Short-term restricted cash 494,000 494,000
Total current assets 5,661,000 15,344,000
Restricted cash 432,000 125,000
Property and equipment, net 2,577,000 905,000
Other assets 717,000 714,000
Total assets 9,387,000 17,088,000
Current Liabilities:    
Accounts payable 1,467,000 120,000
Accrued expenses 1,701,000 3,513,000
Deferred revenue 882,000 277,000
Total current liabilities 4,050,000 3,910,000
Other long-term liabilities 1,195,000 150,000
Total liabilities 5,245,000 4,060,000
Commitments and contingencies (Note 9)
Stockholders’ Equity:    
Preferred stock ($0.01 par value per share); 5,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock ($0.01 par value per share); 250,000,000 shares authorized at June 30, 2016 and December 31, 2015; 27,752,176 and 27,331,435 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 278,000 273,000
Additional paid-in capital 339,391,000 338,580,000
Accumulated other comprehensive loss (78,000) (72,000)
Accumulated deficit (335,449,000) (325,753,000)
Total stockholders’ equity 4,142,000 13,028,000
Total liabilities and stockholders’ equity 9,387,000 17,088,000
Cash, Cash Equivalents, and Short-term Investments $ 3,708,000 $ 12,269,000