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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Summary of Significant Accounting Policies  
Schedule of Cash and Cash Equivalents

        Cash and cash equivalents consist of the following (in thousands):

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2015

 

2014

 

Cash

 

$

776 

 

$

1,162 

 

Money market fund

 

 

62,004 

 

 

13,506 

 

​  

​  

​  

​  

 

 

$

62,780 

 

$

14,668 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of stock-based compensation expense

        During the years ended December 31, 2015, 2014 and 2013, the Company recorded stock-based compensation expense for employee and non-employee stock options and restricted stock, which was allocated as follows in the statements of operations (in thousands):

                                                                                                                                                                                    

 

 

Year Ended December 31,

 

 

 

2015

 

2014

 

2013

 

Research and development

 

$

681 

 

$

434 

 

$

224 

 

General and administrative

 

 

977 

 

 

463 

 

 

119 

 

​  

​  

​  

​  

​  

​  

Total

 

$

1,658 

 

$

897 

 

$

343 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of anti-dilutive common stock equivalents excluded from calculation of diluted net loss per share

 

 

Year Ended December 31,

 

 

 

2015

 

2014

 

2013

 

Convertible preferred stock

 

 

 

 

8,012,988 

 

 

8,012,988 

 

Stock options

 

 

1,723,554 

 

 

1,226,140 

 

 

846,885 

 

Common stock warrants

 

 

59,405 

 

 

34,839 

 

 

34,839 

 

Preferred stock warrants

 

 

 

 

12,283 

 

 

 

​  

​  

​  

​  

​  

​  

 

 

 

1,782,959 

 

 

9,286,250 

 

 

8,894,712 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

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​