Quarterly report pursuant to Section 13 or 15(d)

Selected Balance Sheet Information

v3.7.0.1
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