Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 43,471 $ 25,742
Trade and other receivables, net 397 566
Prepaid expenses and other current assets 327 852
Total current assets 44,195 27,160
Property and equipment, net 83 1,036
Other assets 657 481
Total assets 44,935 28,677
Current liabilities:    
Accounts payable 1,679 5,689
Accrued and other liabilities 2,545 4,215
Accrued restructuring costs 130 3,594
Income taxes payable 1,637  
Deferred revenue – current 1,413 899
Interest bearing obligations – current   17,855
Accrued interest on interest bearing obligations – current 18 254
Total current liabilities 7,422 32,506
Deferred revenue – non-current 17,123 18,000
Interest bearing obligations – non-current 14,572 25,312
Other liabilities – non-current 32 69
Total liabilities 39,149 75,887
Commitments and Contingencies (Note 13)
Stockholders’ equity (deficit):    
Convertible preferred stock, $0.05 par value, 1,000,000 shares authorized, 5,003 and 0 shares issued and outstanding at December 31, 2017 and 2016, respectively
Common stock, $0.0075 par value, 277,333,332 shares authorized, 8,249,158 and 6,114,145 shares issued and outstanding at December 31, 2017 and 2016, respectively 62 46
Additional paid-in capital 1,184,783 1,146,357
Accumulated deficit (1,179,059) (1,193,613)
Total stockholders’ equity (deficit) 5,786 (47,210)
Total liabilities and stockholders’ equity (deficit) $ 44,935 $ 28,677