v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 87,796 $ 93,328
Restricted cash 837 2,049
Short-term equity securities 547 774
Trade and other receivables, net 25 209
Prepaid expenses and other current assets 409 613
Total current assets 89,614 96,973
Property and equipment, net 12 13
Operating lease right-of-use assets 158 200
Long-term royalty and commercial payment receivables 69,075 69,075
Other assets - long term 301 301
Total assets 159,160 166,562
Current liabilities:    
Accounts payable 787 1,072
Accrued and other liabilities 855 525
Income taxes payable   91
Contingent consideration under RPAs and CPPAs 3,075 8,075
Operating lease liabilities 182 195
Unearned revenue recognized under units-of-revenue method 1,623 1,641
Preferred stock dividend accrual 1,368 1,368
Total current liabilities 7,890 12,967
Unearned revenue recognized under units-of-revenue method - long-term 11,346 11,685
Long-term operating lease liabilities   34
Total liabilities 19,236 24,686
Commitments and Contingencies (Note 9)
Stockholders' equity:    
Common stock, $0.0075 par value, 277,333,332 shares authorized, 11,409,935 and 11,315,263 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 86 85
Additional paid-in capital 1,307,357 1,307,030
Accumulated deficit (1,167,568) (1,165,288)
Total stockholders' equity 139,924 141,876
Total liabilities and stockholders' equity 159,160 166,562
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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