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
Mar. 31, 2016
Dec. 31, 2015
 [1]
Current assets:    
Cash and cash equivalents $ 46,153 $ 65,767
Marketable securities 454 496
Trade and other receivables, net 1,977 4,069
Prepaid expenses and other current assets 1,568 1,887
Total current assets 50,152 72,219
Property and equipment, net 1,793 1,997
Other assets 664 664
Total assets 52,609 74,880
Current liabilities:    
Accounts payable 4,593 6,831
Accrued and other liabilities 4,387 7,025
Deferred revenue 899 3,198
Interest bearing obligations – current 10,244 5,910
Accrued interest on interest bearing obligations – current 327 331
Total current liabilities 20,450 23,295
Interest bearing obligations – non-current 36,007 42,757
Contingent warrant liabilities 3,532 10,464
Other liabilities – non-current 148 673
Total liabilities $ 60,137 $ 77,189
Commitments and Contingencies (Note 10)
Stockholders’ deficit:    
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, 120,367,541 and 119,045,592 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively $ 903 $ 893
Additional paid-in capital 1,140,059 1,136,881
Accumulated comprehensive loss (42)  
Accumulated deficit (1,148,448) (1,140,083)
Total stockholders’ deficit (7,528) (2,309)
Total liabilities and stockholders’ deficit $ 52,609 $ 74,880
[1] The condensed consolidated balance sheet as of December 31, 2015 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, 2015.