v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 78,945 $ 84,222
Restricted cash 4,840 1,611
Short-term equity securities 2,310  
Trade and other receivables, net 12 263
Income tax receivable   1,526
Prepaid expenses and other current assets 1,144 443
Total current assets 87,251 88,065
Long-term restricted cash   531
Property and equipment, net 17 21
Operating lease right-of-use assets 281 359
Long-term royalty receivables 48,075 34,575
Long-term equity securities   1,693
Other assets 128 41
Total assets 135,752 125,285
Current liabilities:    
Accounts payable 629 456
Accrued and other liabilities 1,059 642
Contingent consideration under royalty purchase agreements 75 75
Operating lease liabilities 187 179
Unearned revenue recognized under units-of-revenue method 1,503 1,452
Contingent liabilities 1,410 1,410
Current portion of long-term debt   8,088
Preferred stock dividend accrual 1,424  
Total current liabilities 6,287 12,302
Unearned revenue recognized under units-of-revenue method - long-term 12,734 13,516
Long-term debt   12,764
Long-term operating lease liabilities 133 229
Other liabilities - long-term 20 50
Total liabilities 19,174 38,861
Commitments and Contingencies (Note 10)
Stockholders' equity:    
Common stock, $0.0075 par value, 277,333,332 shares authorized, 11,310,001 and 11,228,792 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 85 84
Additional paid-in capital 1,307,140 1,267,377
Accumulated deficit (1,190,696) (1,181,086)
Total stockholders' equity 116,578 86,424
Total liabilities and stockholders' equity 135,752 125,285
8.625% Series A Cumulative, Perpetual Preferred Stock    
Stockholders' equity:    
Preferred Stock 49 49
8.375% Series B Cumulative, Perpetual Preferred Stock    
Stockholders' equity:    
Preferred Stock
Convertible preferred stock.    
Stockholders' equity:    
Preferred Stock

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