Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 45,780 $ 43,471
Trade and other receivables 1,468 397
Prepaid expenses and other current assets 378 327
Total current assets 47,626 44,195
Property and equipment, net 59 83
Long-term royalty receivables 15,000  
Long-term equity securities 392  
Other assets 708 657
Total assets 63,785 44,935
Current liabilities:    
Accounts payable 1,244 1,679
Accrued and other liabilities 2,382 2,693
Income taxes payable   1,637
Unearned revenue recognized under units-of-revenue method 490 615
Contract liabilities 798 798
Current portion of long-term debt 789  
Total current liabilities 5,703 7,422
Unearned revenue recognized under units-of-revenue method – long-term 17,017 17,123
Long-term debt 21,690 14,572
Other liabilities – long-term 590 32
Total liabilities 45,000 39,149
Commitments and Contingencies (Note 14)
Stockholders’ equity:    
Convertible preferred stock, $0.05 par value, 1,000,000 shares authorized, 6,256 and 5,003 shares issued and outstanding at December 31, 2018 and 2017, respectively
Common stock, $0.0075 par value, 277,333,332 shares authorized, 8,690,723 and 8,249,158 shares issued and outstanding at December 31, 2018 and 2017, respectively 65 62
Additional paid-in capital 1,211,122 1,184,783
Accumulated deficit (1,192,402) (1,179,059)
Total stockholders’ equity 18,785 5,786
Total liabilities and stockholders’ equity $ 63,785 $ 44,935