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CONDENSED BALANCE SHEETS (unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 24,341,000 $ 13,406,000
Other receivable 411,000  
Prepaid expenses and other assets 216,000 340,000
Total current assets 24,968,000 13,746,000
Property and equipment, net 251,000 302,000
Deferred offering costs 2,218,000  
Other assets 51,000 51,000
Total assets 27,488,000 14,099,000
Current liabilities:    
Convertible promissory notes, net of discount   12,095,000
Derivative liability   3,028,000
Current portion of long-term debt 3,125,000 761,000
Accounts payable 1,576,000 430,000
Accrued expenses 2,987,000 1,281,000
Total current liabilities 7,688,000 17,595,000
Preferred stock warrant liability 5,990,000 1,656,000
Deferred rent   5,000
Long-term debt 4,375,000 2,625,000
Total liabilities 18,053,000 21,881,000
Commitments and contingencies (Note 7)
Redeemable convertible preferred stock, $0.001 par value; 18,292,696 and 13,321,350 shares authorized at September 30, 2018 and December 31, 2017, respectively; 13,200,115 and 9,131,999 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively; liquidation preference of $129,071,361 and $89,776,055 at September 30, 2018 and December 31, 2017, respectively 125,609,295 89,633,543
Stockholders’ deficit:    
Common stock, $0.001 par value; 20,789,273 shares authorized; 795,640 shares issued and 765,673 shares outstanding at September 30, 2018; 775,755 shares issued and 745,788 shares outstanding at December 31, 2017 1,000 1,000
Treasury stock, at cost, 29,967 shares as of September 30, 2018 and December 31, 2017 (24,000) (24,000)
Additional paid-in capital 1,892,000 1,672,000
Accumulated deficit (118,043,000) (99,065,000)
Total stockholders’ deficit (116,174,000) (97,416,000)
Total liabilities, redeemable convertible preferred stock, and stockholders' deficit $ 27,488,000 $ 14,099,000