Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 25,742 $ 65,767
Marketable securities   496
Trade and other receivables, net 566 4,069
Prepaid expenses and other current assets 852 1,887
Total current assets 27,160 72,219
Property and equipment, net 1,036 1,997
Other assets 481 664
Total assets 28,677 74,880
Current liabilities:    
Accounts payable 5,689 6,831
Accrued and other liabilities 4,215 6,566
Accrued restructuring costs 3,594 459
Deferred revenue – current 899 3,198
Interest bearing obligations – current 17,855 5,910
Accrued interest on interest bearing obligations – current 254 331
Total current liabilities 32,506 23,295
Deferred revenue – non-current 18,000  
Interest bearing obligations – non-current 25,312 42,757
Contingent warrant liabilities   10,464
Other liabilities – non-current 69 673
Total liabilities 75,887 77,189
Commitments and Contingencies (Note 13)
Stockholders’ deficit:    
Preferred stock, $0.05 par value, 1,000,000 shares authorized, 0 issued and outstanding at December 31, 2016 and 2015
Common stock, $0.0075 par value, 277,333,332 shares authorized, 6,114,145 and 5,952,278 shares issued and outstanding at December 31, 2016 and 2015, respectively 46 45
Additional paid-in capital 1,146,357 1,137,729
Accumulated deficit (1,193,613) (1,140,083)
Total stockholders’ deficit (47,210) (2,309)
Total liabilities and stockholders’ deficit $ 28,677 $ 74,880