Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 65,767 $ 78,445
Marketable securities 496  
Trade and other receivables, net 4,069 3,309
Prepaid expenses and other current assets 1,887 1,859
Total current assets 72,219 83,613
Property and equipment, net 1,997 5,120
Other assets 664 669
Total assets 74,880 89,402
Current liabilities:    
Accounts payable 6,831 5,990
Accrued and other liabilities 7,025 9,892
Deferred revenue – current 3,198 1,089
Interest bearing obligations – current 5,910 19,018
Accrued interest on interest bearing obligations – current 331 257
Total current liabilities 23,295 36,246
Deferred revenue – non-current   1,939
Interest bearing obligations – non-current 42,757 16,290
Contingent warrant liabilities 10,464 31,828
Other liabilities – non-current 673  
Total liabilities $ 77,189 $ 86,303
Commitments and Contingencies (Note 13)
Stockholders’ (deficit) equity:    
Preferred stock, $0.05 par value, 1,000,000 shares authorized, 0 issued and outstanding
Common stock, $0.0075 par value, 277,333,332 shares authorized, 119,045,592 and 115,892,450 shares issued and outstanding at December 31, 2015 and 2014, respectively $ 893 $ 869
Additional paid-in capital 1,136,881 1,121,707
Accumulated deficit (1,140,083) (1,119,477)
Total stockholders’ (deficit) equity (2,309) 3,099
Total liabilities and stockholders’ (deficit) equity $ 74,880 $ 89,402