Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 2,861 $ 5,803
Prepaid expenses and other current assets 115 106
Investments held-to-maturity 5,004 7,999
TOTAL CURRENT ASSETS 7,980 13,908
PROPERTY AND EQUIPMENT    
Property and equipment, gross 1,625 1,249
Less: Accumulated depreciation and amortization (543) (208)
PROPERTY AND EQUIPMENT, NET 1,082 1,041
NONCURRENT ASSETS    
Patents and domain names, net 747 500
Restricted cash 100 0
Other assets 15 15
TOTAL NONCURRENT ASSETS 862 515
TOTAL ASSETS 9,924 15,464
CURRENT LIABILITIES    
Accounts payable 383 223
Accrued expenses 49 146
Accrued salaries and payroll related expenses 732 315
Deferred rent, current portion 34 36
TOTAL CURRENT LIABILITIES 1,198 720
LONG-TERM LIABILITIES    
Deferred rent 28 54
TOTAL LIABILITIES 1,226 774
Commitments and contingencies (Note 7) 0 0
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 47,000,000 authorized and 6,931,984 outstanding as of December 31, 2014, and 7,205,907 outstanding as of September 30, 2015 7 7
Preferred stock, $0.001 par value, 3,000,000 authorized and none outstanding as of December 31, 2014 and September 30, 2015 0 0
Additional paid-in capital 37,132 35,880
Accumulated deficit (28,441) (21,197)
TOTAL STOCKHOLDERS’ EQUITY 8,698 14,690
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 9,924 $ 15,464