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Consolidated Statements of Cash Flows (unaudited) (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net loss $ (10,575,000) $ (5,515,000)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation 21,000 21,000
Amortization of premium/discount on available-for-sale securities 18,000 21,000
Gain on sale of fixed assets   (7,000)
Accretion of discount & debt issuance cost of convertible notes payable 742,000 146,000
Stock-based compensation 234,000 126,000
Change in fair value of investor rights/obligation 5,344,000  
Change in fair value of derivative liability 81,000 20,000
Changes in:    
Prepaid expenses and other current assets (2,234,000) 128,000
Interest receivable (13,000) 15,000
Accounts payable and accrued expenses 1,275,000 111,000
Accrued interest payable 115,000 25,000
Deferred revenue from sale of acquisition option to acquire company (2,948,000)  
Net cash used in operating activities (7,940,000) (4,909,000)
Investing activities    
Purchases of available-for-sale investments (19,697,000) (1,510,000)
Proceeds from maturities of available for sale investments 3,580,000 6,550,000
Purchase of property and equipment (45,000) (1,000)
Sale of property and equipment   7,000
Net cash (used in) provided by investing activities (16,162,000) 5,046,000
Financing activities    
Proceeds from issuance of Series D preferred stock 25,000,000  
Issuance costs for preferred stock (452,000)  
Proceeds from issuance of convertible notes payable   4,339,000
Payments for debt issuance costs   (46,000)
Exercise of stock options   19,000
Net cash provided by financing activities 24,548,000 4,314,000
Increase in cash and cash equivalents 446,000 4,451,000
Cash and cash equivalents, beginning of period 2,793,000 2,409,000
Cash and cash equivalents, end of period 3,239,000 6,860,000
Supplemental disclosure of non-cash investing and financing activities    
Accretion of redeemable convertible preferred stock to redemption value 5,686,000 4,579,000
Fair value of embedded derivative contained within convertible notes payable   1,443,000
Conversion of convertible notes, including accrued interest, into Series D Redeemable Convertible Preferred Stock 4,565,000  
Early Exercise of Stock Options [Member]
   
Financing activities    
Exercise of stock options   $ 2,000