Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 28,433 $ 43,471 [1]
Trade and other receivables 1,315 397 [1]
Prepaid expenses and other current assets 423 327 [1]
Total current assets 30,171 44,195 [1]
Property and equipment, net 66 83 [1]
Long-term royalty receivables 15,000  
Long-term equity securities 347  
Other assets 578 657 [1]
Total assets 46,162 44,935 [1]
Current liabilities:    
Accounts payable 1,542 1,679 [1]
Accrued and other liabilities 2,159 2,693 [1]
Income taxes payable [1]   1,637
Unearned revenue recognized under units-of-revenue method 1,120 615 [1]
Contract liabilities 798 798 [1]
Total current liabilities 5,619 7,422 [1]
Unearned revenue recognized under units-of-revenue method – long-term 16,522 17,123 [1]
Long-term debt 22,034 14,572 [1]
Other liabilities – long-term 834 32 [1]
Total liabilities 45,009 39,149 [1]
Commitments and Contingencies (Note 11) [1]
Stockholders’ equity:    
Convertible preferred stock, $0.05 par value, 1,000,000 shares authorized, 5,003 shares issued and outstanding at September 30, 2018 and December 31, 2017 [1]
Common stock, $0.0075 par value, 277,333,332 shares authorized, 8,387,163 and 8,249,158 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 63 62 [1]
Additional paid-in capital 1,190,480 1,184,783 [1]
Accumulated deficit (1,189,390) (1,179,059) [1]
Total stockholders’ equity 1,153 5,786 [1]
Total liabilities and stockholders’ equity $ 46,162 $ 44,935 [1]
[1] The condensed consolidated balance sheet as of December 31, 2017 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, 2017.