XML 18 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 5,132,000 $ 5,711,000
Prepaid expenses and other current assets 253,000 602,000
Total current assets 5,385,000 6,313,000
Property and equipment, net 816,000 1,072,000
In process research and development 4,661,000 10,461,000
Acquired patents, net 276,000 307,000
Total assets 11,138,000 18,153,000
Current liabilities    
Accounts payable and accrued expenses 1,968,000 2,735,000
Accrued compensation 1,050,000 895,000
Notes payable (Note 8)   803,000
Total current liabilities 1,968,000 3,538,000
Derivative liabilities 292,000 2,443,000
Deferred tax liability 1,147,000 2,449,000
Total liabilities 3,407,000 8,430,000
Series B redeemable convertible preferred stock    
$0.01 par value, 9,357,935 shares authorized at December 31, 2016 and 2015, respectively, no shares and 7,527,853 shares issued and outstanding at December 31, 2016 and 2015, respectively (liquidation preference of $0 and $13,383,000 at December 31, 2016 and 2015, respectively)
Stockholders' equity    
Common stock, $0.01 par value; 67,000,000 shares authorized at December 31, 2017 and 2016; 9,498,928 and 1,648,751 shares issued and outstanding at December 31, 2017 and 2016, respectively 95,000 16,000
Additional paid-in capital 401,842,000 391,067,000
Accumulated deficit (394,206,000) (381,360,000)
Total stockholders' equity (deficit) 7,731,000 9,723,000
Total liabilities, Series B redeemable convertible preferred stock and stockholders' equity $ 11,138,000 $ 18,153,000