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
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 2,599 $ 1,034
Marketable securities 7,285   
Prepaid and other current assets 153 139
Total current assets 10,037 1,173
Property and equipment, net 412 469
Deposits 32 19
Total assets 10,481 1,661
Current liabilities:    
Accounts payable 289 224
Accrued expenses 177 139
Derivative liabilities 12,089 23
Total current liabilities 12,555 386
Total liabilities 12,555 386
Commitments and contingencies      
Series A convertible preferred stock, $.0001 par value, 7,150 shares authorized; 0 and 7,046 shares issued and outstanding at March 31, 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 shares issued and outstanding as of March 31, 2014 1   
Common stock, $.0001 par value: 17,150 shares authorized, 3,742 shares issued and outstanding as of December 31, 2013; $.001 par value: 200,000 shares authorized; 121,580 shares issued and outstanding as of March 31, 2014 122   
Additional paid-in capital 11,961 3,502
Accumulated other comprehensive loss (1,451)   
Deficit accumulated during the development stage (12,707) (12,335)
Total stockholders' equity (deficit) (2,074) (8,833)
Total liabilities and stockholders' equity (deficit) $ 10,481 $ 1,661