v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 56,688 $ 45,780
Trade and other receivables 2,933 1,468
Prepaid expenses and other current assets 352 378
Total current assets 59,973 47,626
Property and equipment, net 34 59
Operating lease right-of-use assets 510  
Long-term royalty receivables 34,375 15,000
Equity securities 681 392
Other assets 151 708
Total assets 95,724 63,785
Current liabilities:    
Accounts payable 614 1,244
Accrued and other liabilities 945 2,382
Contingent consideration under royalty purchase agreements 75  
Operating lease liabilities 163  
Unearned revenue recognized under units-of-revenue method 1,096 490
Contract liabilities 798 798
Current portion of long-term debt 5,184 789
Total current liabilities 8,875 5,703
Unearned revenue recognized under units-of-revenue method – long-term 15,317 17,017
Long-term debt 27,093 21,690
Long-term operating lease liabilities 408  
Other liabilities – long-term 43 590
Total liabilities 51,736 45,000
Commitments and Contingencies (Note 15)
Stockholders’ equity:    
Convertible preferred stock, $0.05 par value, 1,000,000 shares authorized, 6,256 shares issued and outstanding at December 31, 2019 and December 31, 2018
Common stock, $0.0075 par value, 277,333,332 shares authorized, 9,758,583 and 8,690,723 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively 73 65
Additional paid-in capital 1,238,299 1,211,122
Accumulated deficit (1,194,384) (1,192,402)
Total stockholders’ equity 43,988 18,785
Total liabilities and stockholders’ equity $ 95,724 $ 63,785

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