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
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 32,046 $ 78,445 [1]
Trade and other receivables, net 39,343 3,309 [1]
Prepaid expenses and other current assets 2,878 1,859 [1]
Total current assets 74,267 83,613 [1]
Property and equipment, net 4,097 5,120 [1]
Other assets 664 669 [1]
Total assets 79,028 89,402 [1]
Current liabilities:    
Accounts payable 5,665 5,990 [1]
Accrued and other liabilities 9,680 9,892 [1]
Deferred revenue – current 39,345 1,089 [1]
Interest bearing obligations – current 4,123 19,018 [1]
Accrued interest on interest bearing obligations – current 324 257 [1]
Total current liabilities 59,137 36,246 [1]
Deferred revenue – long-term [1]   1,939
Interest bearing obligations – long-term 44,462 16,290 [1]
Contingent warrant liabilities 4,070 31,828 [1]
Other liabilities - long term 549  
Total liabilities $ 108,218 $ 86,303 [1]
Commitments and Contingencies (Note 8) [1]
Stockholders’ (deficit) equity:    
Preferred stock, $0.05 par value, 1,000,000 shares authorized, 0 issued and outstanding [1]
Common stock, $0.0075 par value, 277,333,332 shares authorized, 118,796,332 and 115,892,450 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively $ 891 $ 869 [1]
Additional paid-in capital 1,135,354 1,121,707 [1]
Accumulated deficit (1,165,435) (1,119,477) [1]
Total stockholders’ (deficit) equity (29,190) 3,099 [1]
Total liabilities and stockholders’ (deficit) equity $ 79,028 $ 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.