Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS (Unaudited)

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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 6 $ 547
Prepaid expenses 31 112
Total current assets 37 659
Office equipment, net of accumulated depreciation of $2 and $0 5 4
Intangible assets, net of accumulated amortization of $152 and $145 60 68
Other assets 3 3
Total assets 105 734
Current liabilities:    
Accounts payable 1,602 1,238
Accrued expenses 709 384
Derivative liability 2,227 2,541
Total current liabilities 4,538 4,163
Total liabilities 4,538 4,163
Commitments and contingencies
Stockholders' deficit:    
Convertible preferred stock, par value $.0001 per share; 30,000,000 shares authorized, 3,000 and 2,828 shares issued and outstanding, respectively
Common stock, par value $.0001 per share; 150,000,000 shares authorized, 1,622,417 and 1,398,832 shares issued and outstanding, respectively
Additional paid-in capital 45,597 45,391
Accumulated deficit (50,030) (48,820)
Total stockholders' deficit (4,433) (3,429)
Total liabilities and stockholders' deficit $ 105 $ 734