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
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 10,242 $ 9,276
Accounts receivable 16 32
Prepaid expenses and other current assets 486 441
Mortgage note receivable, current portion 172 170
Total current assets 10,916 9,919
Property and equipment, net 392 430
Deposits 31 31
Mortgage note receivable, long-term portion 2,333 2,354
In process research and development 146,301 146,301
Goodwill 65,195 65,195
Total assets 225,168 224,230
Current liabilities:    
Accounts payable and accrued expenses 3,084 2,585
Derivative liabilities 2,807 4,115
Total current liabilities 5,891 6,700
Long-term liabilities    
Deferred rent 59 61
Deferred tax liability 49,875 49,875
Total long-term liabilities 49,934 49,936
Total liabilities $ 55,825 $ 56,636
Commitments and contingencies    
Series A convertible preferred stock, $0.001 par value; 1,000 shares authorized, 0 and 1,000 issued and outstanding
Stockholders' equity:    
Common stock, $.001 par value; 800,000 shares authorized, 704,255 and 694,396 issued and outstanding as of March 31, 2016 and December 31, 2015, respectively $ 704 $ 694
Additional paid-in capital 235,207 229,456
Accumulated other comprehensive income, net of tax 0 0
Accumulated deficit (66,568) (62,556)
Total stockholders' equity 169,343 167,594
Total liabilities and stockholders' equity $ 225,168 $ 224,230