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
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 38,690 $ 43,471 [1]
Trade and other receivables 480 397 [1]
Prepaid expenses and other current assets 588 327 [1]
Total current assets 39,758 44,195 [1]
Property and equipment, net 74 83 [1]
Long-term equity securities 553  
Other assets 831 657 [1]
Total assets 41,216 44,935 [1]
Current liabilities:    
Accounts payable 1,082 1,679 [1]
Accrued and other liabilities 1,142 2,675 [1]
Income taxes payable [1]   1,637
Unearned revenue recognized under units-of-revenue method – current 171 615 [1]
Contract liabilities 798 798 [1]
Accrued interest on long-term debt – current [1]   18
Total current liabilities 3,193 7,422 [1]
Unearned revenue recognized under units-of-revenue method – non-current 17,592 17,123 [1]
Long-term debt 14,853 14,572 [1]
Other liabilities – non-current 726 32 [1]
Total liabilities 36,364 39,149 [1]
Commitments and Contingencies (Note 10) [1]
Stockholders’ equity:    
Convertible preferred stock, $0.05 par value, 1,000,000 shares authorized, 5,003 shares issued and outstanding at June 30, 2018 and December 31, 2017 [1]
Common stock, $0.0075 par value, 277,333,332 shares authorized, 8,379,163 and 8,249,158 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 63 62 [1]
Additional paid-in capital 1,189,601 1,184,783 [1]
Accumulated deficit (1,184,812) (1,179,059) [1]
Total stockholders’ equity 4,852 5,786 [1]
Total liabilities and stockholders’ equity $ 41,216 $ 44,935 [1]
[1] The condensed consolidated balance sheet as of December 31, 2017 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, 2017.