Condensed Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 64,471,000	$ 22,796,000
Short-term investments	49,947,000	0
Prepaid expenses and other current assets	947,000	217,000
Total current assets	115,365,000	23,013,000
Property and equipment, net	1,550,000	863,000
Other assets	73,000	474,000
Total assets	116,988,000	24,350,000
Current liabilities:
Accounts payable	1,338,000	1,177,000
Accrued liabilities	1,825,000	1,622,000
Accrued compensation and benefits	1,112,000	414,000
Total current liabilities	4,275,000	3,213,000
Other long-term liabilities	88,000	34,000
Total liabilities	$ 4,363,000	$ 3,247,000
Commitments and contingencies
Stockholders' equity (deficit):
Preferred stock, $0.0001 par value; 10,000,000 shares authorized at September 30, 2015; no shares authorized at December 31, 2014; no shares issued or outstanding at September 30, 2015 and December 31, 2014
Common stock, $0.0001 par value; 200,000,000 and 185,000,000 shares authorized at September 30, 2015 and December 31, 2014, respectively; 13,903,536 and 13,696,286 shares issued and outstanding, respectively, at September 30, 2015; 1,494,506 and 1,132,738 shares issued and outstanding, respectively, at December 31, 2014	$ 4,000	$ 3,000
Additional paid-in capital	148,255,000	1,856,000
Accumulated other comprehensive loss	(5,000)
Accumulated deficit	(35,629,000)	(13,304,000)
Total stockholders' equity (deficit)	112,625,000	(11,445,000)
Total liabilities, convertible preferred stock, and stockholders' equity (deficit)	$ 116,988,000	24,350,000
Series A Convertible Preferred Stock
Convertible preferred stock
Convertible preferred stock		$ 32,548,000

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).