Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 93,328 $ 84,222
Restricted cash 2,049 1,611
Short-term equity securities 774  
Trade and other receivables, net 209 263
Income tax receivable   1,526
Prepaid expenses and other current assets 613 443
Total current assets 96,973 88,065
Long-term restricted cash   531
Property and equipment, net 13 21
Operating lease right-of-use assets 200 359
Long-term royalty and commercial payment receivables 69,075 34,575
Long-term equity securities   1,693
Other assets - long term 301 41
Total assets 166,562 125,285
Current liabilities:    
Accounts payable 1,072 456
Accrued and other liabilities 525 642
Income taxes payable 91  
Contingent consideration under RPAs and CPPAs 8,075 75
Operating lease liabilities 195 179
Unearned revenue recognized under units-of-revenue method 1,641 1,452
Contingent liabilities 0 1,410
Current portion of long-term debt   8,088
Preferred stock dividend accrual 1,368  
Total current liabilities 12,967 12,302
Unearned revenue recognized under units-of-revenue method - long-term 11,685 13,516
Long-term debt   12,764
Long-term operating lease liabilities 34 229
Other liabilities - long term   50
Total liabilities 24,686 38,861
Commitments and Contingencies (Note 13)
Stockholders' equity:    
Preferred Stock
Common stock, $0.0075 par value, 277,333,332 shares authorized, 11,315,263 and 11,228,792 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 85 84
Additional paid-in capital 1,307,030 1,267,377
Accumulated deficit (1,165,288) (1,181,086)
Total stockholders' equity 141,876 86,424
Total liabilities and stockholders' equity 166,562 125,285
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