Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

v3.8.0.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
License fees $ 52,311,000 $ 3,296,000 $ 49,064,000
Contract and other 379,000 2,268,000 6,383,000
Total revenues 52,690,000 5,564,000 55,447,000
Operating expenses:      
Research and development 7,875,000 44,234,000 70,852,000
General and administrative 24,337,000 18,322,000 20,620,000
Restructuring 3,447,000 4,566,000 3,699,000
Total operating expenses 35,659,000 67,122,000 95,171,000
Income (loss) from operations 17,031,000 (61,558,000) (39,724,000)
Other income (expense):      
Interest expense (1,238,000) (3,946,000) (3,765,000)
Loss on extinguishment of debt (650,000)   (429,000)
Other income, net 1,115,000 1,510,000 5,500,000
Revaluation of contingent warrant liabilities   10,464,000 17,812,000
Income (loss) before income tax 16,258,000 (53,530,000) (20,606,000)
Provision for income taxes (1,662,000) 0 0
Net income (loss) and comprehensive income (loss) 14,596,000 (53,530,000) (20,606,000)
Net income (loss) and comprehensive income (loss) available to common stockholders, basic 5,714,000 (53,530,000) (20,606,000)
Net income (loss) and comprehensive income (loss) available to common stockholders, diluted $ 5,810,000 $ (53,530,000) $ (20,606,000)
Basic net income (loss) per share available to common stockholders $ 0.75 $ (8.89) $ (3.50)
Diluted net income (loss) per share available to common stockholders $ 0.73 $ (8.89) $ (3.50)
Weighted average shares used in computing basic net income (loss) per share available to common stockholders 7,619 6,021 5,890
Weighted average shares used in computing diluted net income (loss) per share available to common stockholders 7,980 6,021 5,890