Selected Balance Sheet Information

3 Months Ended

Mar. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Balance Sheet Disclosures [Text Block]

4. Selected Balance Sheet Information

Prepaid expenses and other current assets (in thousands)

	March 31,		December 31,
	2017		2016
Prepaid clinical research organizations expense	$	2,224	$	1,677
Prepaid travel and conference expenses		397		295
Prepaid manufacturing expenses		330		-
Prepaid insurances		240		358
Other current assets		175		185
Total	$	3,366	$	2,515

Prepaid clinical research organizations expense is classified as a current asset. The Company makes payments to the clinical research organizations based on agreed upon terms that includes payments in advance of study services. The Company anticipates that the majority of the prepaid clinical research organization expenses will be applied to research and development expenses during fiscal year 2017. 

Property and equipment, net (in thousands)

	March 31,		December 31,
	2017		2016
Computer and office equipment	$	652	$	641
Leasehold improvements		439		439
Software		11		11
		1,102		1,091
Less accumulated depreciation and amortization		(243)		(186)
Total	$	859	$	905

Accrued expenses (in thousands)

	March 31,		December 31,
	2017		2016
Accrued clinical consulting services	$	1,812	$	2,211
Accrued vendor payments		280		400
Accrued manufacturing expense		38		14
Other accrued expenses		4		2
Total	$	2,134	$	2,627

Accrued employee benefits (in thousands)

	March 31,		December 31,
	2017		2016
Accrued bonus expense	$	446	$	-
Accrued vacation expense		341		261
Other accrued employee benefits		-		52
Total	$	787	$	313