Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 57,826 $ 93,328
Restricted cash   2,049
Short-term equity securities 335 774
Trade and other receivables, net 1 209
Short-term royalty and commercial payment receivables 2,366 0
Prepaid expenses and other current assets 725 613
Total current assets 61,253 96,973
Property and equipment, net 7 13
Operating lease right-of-use assets 29 200
Long-term royalty and commercial payment receivables 63,683 69,075
Intangible assets, net 15,150  
Other assets - long term 260 301
Total assets 140,382 166,562
Current liabilities:    
Accounts payable 524 1,072
Accrued and other liabilities 2,918 525
Income taxes payable   91
Contingent consideration under RPAs and CPPAs 75 8,075
Operating lease liabilities 34 195
Unearned revenue recognized under units-of-revenue method 1,899 1,641
Preferred stock dividend accrual 1,368 1,368
Total current liabilities 6,818 12,967
Unearned revenue recognized under units-of-revenue method - long-term 9,550 11,685
Long-term operating lease liabilities   34
Total liabilities 16,368 24,686
Commitments and Contingencies (Note 12)
Stockholders' equity:    
Common stock, $0.0075 par value, 277,333,332 shares authorized, 11,454,025 and 11,315,263 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 86 85
Additional paid-in capital 1,306,271 1,307,030
Accumulated deficit (1,182,392) (1,165,288)
Total stockholders' equity 124,014 141,876
Total liabilities and stockholders' equity 140,382 166,562
8.625% Series A Cumulative, Perpetual Preferred Stock    
Stockholders' equity:    
Preferred Stock $ 49 $ 49