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, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 47,747 $ 25,742 [1]
Trade and other receivables, net 1,026 566 [1]
Prepaid expenses and other current assets 318 852 [1]
Total current assets 49,091 27,160 [1]
Property and equipment, net 97 1,036 [1]
Other assets 522 481 [1]
Total assets 49,710 28,677 [1]
Current liabilities:    
Accounts payable 4,046 5,689 [1]
Accrued and other liabilities 1,601 4,215 [1]
Accrued restructuring costs 444 3,594 [1]
Income taxes payable 1,706  
Deferred revenue – current 6,287 899 [1]
Interest bearing obligations – current [1]   17,855
Accrued interest on interest bearing obligations – current 140 254 [1]
Total current liabilities 14,224 32,506 [1]
Deferred revenue – non-current 17,101 18,000 [1]
Interest bearing obligations – non-current 14,322 25,312 [1]
Other liabilities – non-current [1]   69
Total liabilities 45,647 75,887 [1]
Commitments and Contingencies (Note 10) [1]
Stockholders’ equity (deficit):    
Preferred stock, $0.05 par value, 1,000,000 shares authorized, 5,003 and 0 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively [1]
Common stock, $0.0075 par value, 277,333,332 shares authorized, 8,143,643 and 6,114,145 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 61 46 [1]
Additional paid-in capital 1,181,742 1,146,357 [1]
Accumulated deficit (1,177,740) (1,193,613) [1]
Total stockholders’ equity (deficit) 4,063 (47,210) [1]
Total liabilities and stockholders’ equity (deficit) $ 49,710 $ 28,677 [1]
[1] The condensed consolidated balance sheet as of December 31, 2016 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, 2016.