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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 63,502 $ 201,615
Short-term investments 122,026 50,688
Restricted cash, current portion 0 35
Prepaid expenses and other current assets 7,167 1,625
Total current assets 192,695 253,963
Property and equipment, net 10,585 19,708
Long-term investments 0 1,751
Restricted cash, net of current portion 580 400
Other non-current assets 500 0
TOTAL ASSETS 204,360 275,822
CURRENT LIABILITIES    
Accounts payable 3,754 2,657
Accruals and other current liabilities 12,418 6,245
Financing obligations, current portion 3,475 3,135
Total current liabilities 19,647 12,037
Financing obligations, net of current portion 1,872 5,346
Derivative liabilities associated with Medicis settlement 2,022 1,414
Deferred rent 3,648 3,773
Other non-current liabilities 100 0
TOTAL LIABILITIES 27,289 22,570
Commitments and Contingencies (Note 12)
STOCKHOLDERS’ EQUITY    
Common stock, par value $0.001 per share — 95,000,000 shares authorized both as of December 31, 2016 and 2015; 28,648,954 and 28,288,464 shares issued and outstanding as of December 31, 2016 and 2015, respectively 29 28
Additional paid-in capital 598,630 585,537
Accumulated other comprehensive loss (45) (40)
Accumulated deficit (421,543) (332,273)
TOTAL STOCKHOLDERS’ EQUITY 177,071 253,252
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 204,360 $ 275,822