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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
[1]
Current assets:    
Cash $ 49,491 $ 56,688
Trade and other receivables, net 411 2,933
Income tax receivable 1,526  
Prepaid expenses and other current assets 849 352
Total current assets 52,277 59,973
Property and equipment, net 22 34
Operating lease right-of-use assets 436 510
Long-term royalty receivables 34,375 34,375
Equity securities 531 681
Other assets 215 151
Total assets 87,856 95,724
Current liabilities:    
Accounts payable 646 614
Accrued and other liabilities 605 945
Contingent consideration under royalty purchase agreements 75 75
Operating lease liabilities 171 163
Unearned revenue recognized under units-of-revenue method 1,393 1,096
Contract liabilities 798 798
Current portion of long-term debt 7,596 5,184
Total current liabilities 11,284 8,875
Unearned revenue recognized under units-of-revenue method - long-term 14,325 15,317
Long-term debt 23,497 27,093
Long-term operating lease liabilities 320 408
Other liabilities - long-term 35 43
Total liabilities 49,461 51,736
Commitments and Contingencies (Note 10)
Stockholders' equity:    
Convertible preferred stock, $0.05 par value, 1,000,000 shares authorized, 5,003 and 6,256 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively
Common stock, $0.0075 par value, 277,333,332 shares authorized, 11,018,143 and 9,758,583 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 83 73
Additional paid-in capital 1,240,987 1,238,299
Accumulated deficit (1,202,675) (1,194,384)
Total stockholders' equity 38,395 43,988
Total liabilities and stockholders' equity $ 87,856 $ 95,724
[1] The consolidated balance sheet as of December 31, 2019 has been derived from the audited consolidated financial statements as of that date included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.

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