Annual report pursuant to Section 13 and 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 48,344 $ 37,304
Trade and other receivables, net 12,332 20,864
Prepaid expenses and other current assets 2,019 712
Total current assets 62,695 58,880
Property and equipment, net 12,709 14,869
Other assets 2,632 503
Total assets 78,036 74,252
Current liabilities:    
Accounts payable 2,128 3,581
Accrued and other liabilities 10,012 10,658
Deferred revenue 5,695 17,044
Interest bearing obligation - current 2,796 0
Warrant liability 379 4,245
Total current liabilities 21,010 35,528
Deferred revenue - long-term 7,539 1,086
Interest bearing obligations - long-term 33,524 13,694
Other liabilities - long-term 952 353
Total liabilities 63,025 50,661
Commitments and contingencies (Note 11)      
Stockholders' equity:    
Preferred stock, $0.05 par value, 1,000,000 shares authorized Series B, 8,000 designated, 0 and 2,959 shares issued and outstanding at December 31, 2011 and 2010, respectively 0 1
Common stock, $0.0075 par value, 92,666,666 shares authorized, 35,107,007 and 28,491,318 shares outstanding at December 31, 2011 and 2010, respectively 263 214
Additional paid-in capital 900,801 876,686
Accumulated deficit (886,053) (853,310)
Total stockholders' equity 15,011 23,591
Total liabilities and stockholders' equity $ 78,036 $ 74,252