Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 31,445 $ 57,826
Short-term equity securities 320 335
Trade and other receivables, net 901 1
Short-term royalty and commercial payment receivables 4,958 2,366
Prepaid expenses and other current assets 799 725
Total current assets 38,423 61,253
Property and equipment, net 5 7
Operating lease right-of-use assets 17 29
Long-term royalty and commercial payment receivables 72,232 63,683
Intangible assets, net 14,701 15,150
Other assets - long term 283 260
Total assets 125,661 140,382
Current liabilities:    
Accounts payable 740 524
Accrued and other liabilities 1,933 2,918
Contingent consideration under RPAs, AAAs and CPPAs 1,000 75
Operating lease liabilities 17 34
Unearned revenue recognized under units-of-revenue method 2,029 1,899
Preferred stock dividend accrual 1,368 1,368
Total current liabilities 7,087 6,818
Unearned revenue recognized under units-of-revenue method - long-term 8,450 9,550
Total liabilities 15,537 16,368
Commitments and Contingencies (Note 9)
Stockholders' equity:    
Common stock, $0.0075 par value, 277,333,332 shares authorized, 11,472,808 and 11,454,025 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 86 86
Additional paid-in capital 1,307,594 1,306,271
Accumulated deficit (1,197,605) (1,182,392)
Total stockholders' equity 110,124 124,014
Total liabilities and stockholders' equity 125,661 140,382
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