v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 44,300 $ 57,826
Short-term equity securities 311 335
Trade and other receivables, net 6 1
Short-term royalty and commercial payment receivables 0 2,366
Prepaid expenses and other current assets 456 725
Total current assets 45,073 61,253
Property and equipment, net 6 7
Operating lease right-of-use assets 67 29
Long-term royalty and commercial payment receivables 73,333 63,683
Intangible assets, net 14,925 15,150
Other assets - long term 260 260
Total assets 133,664 140,382
Current liabilities:    
Accounts payable 437 524
Accrued and other liabilities 6,127 2,918
Contingent consideration under RPAs and CPPAs 125 75
Operating lease liabilities 69 34
Unearned revenue recognized under units-of-revenue method 1,968 1,899
Preferred stock dividend accrual 1,368 1,368
Total current liabilities 10,094 6,818
Unearned revenue recognized under units-of-revenue method - long-term 9,044 9,550
Total liabilities 19,138 16,368
Commitments and Contingencies (Note 9)
Stockholders' equity:    
Common stock, $0.0075 par value, 277,333,332 shares authorized, 11,460,968 and 11,454,025 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 86 86
Additional paid-in capital 1,306,596 1,306,271
Accumulated deficit (1,192,205) (1,182,392)
Total stockholders' equity 114,526 124,014
Total liabilities and stockholders' equity 133,664 140,382
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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