Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 3,006 $ 1,034
Marketable securities 2,500   
Prepaid and other current assets 116 139
Mortgage note receivable, current portion 181   
Total current assets 5,803 1,173
Property and equipment, net 314 469
Marketable securities, long-term portion 3,043  
Deposits 22 19
Mortgage note receivable, long-term portion 2,453   
Total assets 11,635 1,661
Current liabilities:    
Accounts payable 125 224
Accrued expenses 290 139
Derivative liabilities 7,242 23
Total current liabilities 7,657 386
Total liabilities 7,657 386
Series A convertible preferred stock, $.0001 par value, 7,150 shares authorized; 0 and 7,046 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively; liquidation preference of $14,000 as of December 31, 2013    10,108
Stockholders' equity (deficit):    
Series B convertible preferred stock, $001 par value: 5,000 shares authorized; 1,000 and 279 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively 1   
Common stock, $.0001 par value: 200,000 and 262,186 shares authorized, 122,494 and 0 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively 123   
Additional paid-in capital 12,146 3,502
Accumulated other comprehensive loss 2,235   
Accumulated deficit (10,527) (12,335)
Total stockholders' equity (deficit) 3,978 (8,833)
Total liabilities and stockholders' equity (deficit) $ 11,635 $ 1,661