Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 50,957 $ 78,445 [1]
Trade and other receivables, net 2,649 3,309 [1]
Prepaid expenses and other current assets 2,117 1,859 [1]
Total current assets 55,723 83,613 [1]
Property and equipment, net 4,455 5,120 [1]
Other assets 665 669 [1]
Total assets 60,843 89,402 [1]
Current liabilities:    
Accounts payable 4,322 5,990 [1]
Accrued and other liabilities 7,441 9,892 [1]
Deferred revenue - current 1,786 1,089 [1]
Interest bearing obligations - current 15,793 19,018 [1]
Accrued interest on interest bearing obligations - current 332 257 [1]
Total current liabilities 29,674 36,246 [1]
Deferred revenue - long-term 732 1,939 [1]
Interest bearing obligations - long-term 32,211 16,290 [1]
Contingent warrant liabilities 28,956 31,828 [1]
Other liabilities - long term 556 0 [1]
Total liabilities $ 92,129 $ 86,303 [1]
Commitments and Contingencies (Note 7 and Note 9)    
Stockholders' (deficit) equity :    
Preferred stock, $0.05 par value, 1,000,000 shares authorized, 0 issued and outstanding $ 0 $ 0 [1]
Common stock, $0.0075 par value, 277,333,332 shares authorized, 117,969,465 and 115,892,450 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively 885 869 [1]
Additional paid-in capital 1,132,783 1,121,707 [1]
Accumulated deficit (1,164,954) (1,119,477) [1]
Total stockholders' (deficit) equity (31,286) 3,099 [1]
Total liabilities and stockholders' (deficit) equity $ 60,843 $ 89,402 [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.