Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 84,222 $ 56,688
Restricted cash, current 1,611  
Trade and other receivables, net 263 2,933
Income tax receivable 1,526  
Prepaid expenses and other current assets 443 352
Total current assets 88,065 59,973
Long-term restricted cash 531  
Property and equipment, net 21 34
Operating lease right-of-use assets 359 510
Long-term royalty receivables 34,575 34,375
Equity securities 1,693 681
Other assets 41 151
Total assets 125,285 95,724
Current liabilities:    
Accounts payable 456 614
Accrued and other liabilities 642 945
Contingent consideration under royalty purchase agreements 75 75
Operating lease liabilities 179 163
Unearned revenue recognized under units-of-revenue method 1,452 1,096
Contingent liabilities 1,410 798
Current portion of long-term debt 8,088 5,184
Total current liabilities 12,302 8,875
Unearned revenue recognized under units-of-revenue method - long-term 13,516 15,317
Long-term debt 12,764 27,093
Long-term operating lease liabilities 229 408
Other liabilities - long-term 50 43
Total liabilities 38,861 51,736
Commitments and Contingencies (Note 13)
Stockholders' equity:    
Preferred Stock
Common stock, $0.0075 par value, 277,333,332 shares authorized, 11,228,792 and 9,758,583 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively 84 73
Additional paid-in capital 1,267,377 1,238,299
Accumulated deficit (1,181,086) (1,194,384)
Total stockholders' equity 86,424 43,988
Total liabilities and stockholders' equity 125,285 95,724
8.625% Series A Cumulative, Perpetual Preferred Stock    
Stockholders' equity:    
Preferred Stock 49  
Convertible preferred stock.    
Stockholders' equity:    
Preferred Stock