Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 67,491us-gaap_CashAndCashEquivalentsAtCarryingValue $ 78,445us-gaap_CashAndCashEquivalentsAtCarryingValue [1]
Trade and other receivables, net 3,271us-gaap_ReceivablesNetCurrent 3,309us-gaap_ReceivablesNetCurrent [1]
Prepaid expenses and other current assets 1,860us-gaap_PrepaidExpenseAndOtherAssetsCurrent 1,859us-gaap_PrepaidExpenseAndOtherAssetsCurrent [1]
Total current assets 72,622us-gaap_AssetsCurrent 83,613us-gaap_AssetsCurrent [1]
Property and equipment, net 4,783us-gaap_PropertyPlantAndEquipmentNet 5,120us-gaap_PropertyPlantAndEquipmentNet [1]
Other assets 664us-gaap_OtherAssetsNoncurrent 669us-gaap_OtherAssetsNoncurrent [1]
Total assets 78,069us-gaap_Assets 89,402us-gaap_Assets [1]
Current liabilities:    
Accounts payable 3,406us-gaap_AccountsPayableCurrent 5,990us-gaap_AccountsPayableCurrent [1]
Accrued and other liabilities 5,992us-gaap_AccruedLiabilitiesCurrent 9,892us-gaap_AccruedLiabilitiesCurrent [1]
Deferred revenues - current 1,089us-gaap_DeferredRevenueCurrent 1,089us-gaap_DeferredRevenueCurrent [1]
Interest bearing obligations - current 15,605us-gaap_LongTermDebtCurrent 19,018us-gaap_LongTermDebtCurrent [1]
Accrued interest on interest bearing obligations - current 335us-gaap_InterestPayableCurrent 257us-gaap_InterestPayableCurrent [1]
Total current liabilities 26,427us-gaap_LiabilitiesCurrent 36,246us-gaap_LiabilitiesCurrent [1]
Deferred revenue - long-term 1,574us-gaap_DeferredRevenueNoncurrent 1,939us-gaap_DeferredRevenueNoncurrent [1]
Interest bearing obligations - long-term 31,584us-gaap_LongTermDebtNoncurrent 16,290us-gaap_LongTermDebtNoncurrent [1]
Contingent warrant liabilities 31,868us-gaap_WarrantsAndRightsOutstanding 31,828us-gaap_WarrantsAndRightsOutstanding [1]
Total liabilities 91,453us-gaap_Liabilities 86,303us-gaap_Liabilities [1]
Commitments and Contingencies (Note 7)      
Stockholders' (deficit) equity :    
Preferred stock, $0.05 par value 1,000,000 shares authorized, 0 issued and outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue [1]
Common stock, $0.0075 par value, 277,333,332 shares authorized, 116,947,716 and 115,892,450 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively 877us-gaap_CommonStockValue 869us-gaap_CommonStockValue [1]
Additional paid-in capital 1,126,934us-gaap_AdditionalPaidInCapital 1,121,707us-gaap_AdditionalPaidInCapital [1]
Accumulated deficit (1,141,195)us-gaap_RetainedEarningsAccumulatedDeficit (1,119,477)us-gaap_RetainedEarningsAccumulatedDeficit [1]
Total stockholders' (deficit) equity (13,384)us-gaap_StockholdersEquity 3,099us-gaap_StockholdersEquity [1]
Total liabilities and stockholders' (deficit) equity $ 78,069us-gaap_LiabilitiesAndStockholdersEquity $ 89,402us-gaap_LiabilitiesAndStockholdersEquity [1]
[1] The condensed consolidated balance sheet as of December 31, 2014 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, 2014.