Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 14,963 $ 11,782
Short-term investments 0 10,000
Prepaid expenses and other current assets 310 388
Total Assets 15,273 22,170
Current Liabilities:    
Accounts payable and accrued expenses 5,753 2,737
Accounts payable and accrued expenses - related party 167 53
Total current liabilities 5,920 2,790
Total Liabilities 5,920 2,790
Commitments and Contingencies
Stockholders' Equity    
Common Stock ($0.0001 par value), 50,000,000 shares authorized Common shares; 10,552,045 and 10,265,083 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively 1 1
Common stock issuable, 0 and 273,837 shares as of March 31, 2018 and December 31, 2017, respectively 0 1,103
Additional paid-in capital 40,390 38,937
Accumulated deficit (31,038) (20,661)
Total Stockholders' Equity 9,353 19,380
Total Liabilities and Stockholders' Equity 15,273 22,170
Series A Preferred Stock [Member]    
Stockholders' Equity    
Preferred Stock ($0.0001 par value), 2,000,000 shares authorized Class A Preferred Stock, 250,000 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively $ 0 $ 0