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, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 20,618 $ 65,767 [1]
Marketable securities [1]   496
Trade and other receivables, net 756 4,069 [1]
Prepaid expenses and other current assets 1,251 1,887 [1]
Total current assets 22,625 72,219 [1]
Property and equipment, net 1,402 1,997 [1]
Other assets 664 664 [1]
Total assets 24,691 74,880 [1]
Current liabilities:    
Accounts payable 4,530 6,831 [1]
Accrued and other liabilities 4,814 7,025 [1]
Deferred revenue 899 3,198 [1]
Interest bearing obligations – current 12,461 5,910 [1]
Accrued interest on interest bearing obligations – current 310 331 [1]
Total current liabilities 23,014 23,295 [1]
Interest bearing obligations – non-current 32,758 42,757 [1]
Contingent warrant liabilities 9 10,464 [1]
Other liabilities – non-current 97 673 [1]
Total liabilities 55,878 77,189 [1]
Commitments and Contingencies (Note 10) [1]
Stockholders’ deficit:    
Preferred stock, $0.05 par value, 1,000,000 shares authorized, 0 issued and outstanding at September 30, 2016 and December 31, 2015 [1]
Common stock, $0.0075 par value, 277,333,332 shares authorized, 6,029,564 and 5,952,280 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 904 893 [1]
Additional paid-in capital 1,144,042 1,136,881 [1]
Accumulated deficit (1,176,133) (1,140,083) [1]
Total stockholders’ deficit (31,187) (2,309) [1]
Total liabilities and stockholders’ deficit $ 24,691 $ 74,880 [1]
[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.