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Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:      
Collaboration revenue $ 406,000 $ 490,000 $ 2,243,000
License revenue 29,575,000 500,000 0
Total revenue 29,981,000 990,000 2,243,000
Operating expenses:      
Research and development 13,479,000 26,336,000 26,703,000
General and administrative 14,736,000 9,850,000 8,471,000
(Gain) loss from change in fair value of contingent consideration (1,100,000) 0 0
Total operating expenses 27,115,000 36,186,000 35,174,000
Income (loss) from operations 2,866,000 (35,196,000) (32,931,000)
Other income (expense):      
Other income (expense), net (723,000) 3,139,000 (849,000)
Interest expense (247,000) (1,395,000) (376,000)
Total other income (expense), net (970,000) 1,744,000 (1,225,000)
Net income (loss) before income taxes 1,896,000 (33,452,000) (34,156,000)
Provision for income taxes 5,000 0 0
Net income (loss) and comprehensive income (loss) 1,891,000 (33,452,000) (34,156,000)
Cumulative preferred stock dividends and accretion of preferred stock discount 0 0 (519,000)
Net income (loss) applicable to common stockholders $ 1,891,000 $ (33,452,000) $ (34,675,000)
Net income (loss) per share applicable to common stockholders—basic $ 0.09 $ (1.76) $ (2.37)
Weighted-average number of common shares used in net income (loss) per share applicable to common stockholders—basic 21,083 18,993 14,644
Net income (loss) per share applicable to common stockholders-diluted $ 0.09 $ (1.76) $ (2.37)
Weighted Average Number of Shares Outstanding, Diluted 21,733 18,993 14,644