Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

v3.5.0.2
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash $ 11,118 $ 0
Total current assets 11,118 0
Total Assets 11,118 0
Current Liabilities:    
Accounts payable and accrued expenses 1,040 15
Accrued expenses - related party 750 375
Accrued interest - related party 446 168
Notes payable - related party 2,001 3,571
Derivative warrant liability 632 0
Total current liabilities 4,869 4,129
Notes payable, long-term (net of debt discount of $673 and $0) 2,927 0
Total Liabilities 7,796 4,129
Commitments and Contingencies
Stockholders' Equity (Deficit)    
Preferred stock ($0.0001 par value), 2,000,000 shares authorized, 250,000 and 0 shares of Class A preferred stock issued and outstanding as of September 30, 2016 and December 31, 2015, respectively 0 0
Common shares, 10,962,703 and 2,000,000 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively 1 0
Common stock issuable, 0 and 250,000 shares as of September 30, 2016 and December 31, 2015, respectively 0 190
Additional paid-in capital 11,693 146
Accumulated deficit (8,372) (4,466)
Total Stockholders’ Equity (Deficit) 3,322 (4,129)
Total Liabilities and Stockholders’ Equity (Deficit) 11,118 0
Common Class A [Member]    
Stockholders' Equity (Deficit)    
Common shares, 10,962,703 and 2,000,000 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively 0 0
Total Stockholders’ Equity (Deficit) 0 0
Common Class B [Member]    
Stockholders' Equity (Deficit)    
Common shares, 10,962,703 and 2,000,000 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively 0 1
Total Stockholders’ Equity (Deficit) $ 0 $ 1