Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 67,808 $ 84,222
Restricted cash, current 2,142 1,611
Trade and other receivables, net 80 263
Income tax receivable   1,526
Prepaid expenses and other current assets 218 443
Total current assets 70,248 88,065
Long-term restricted cash   531
Property and equipment, net 19 21
Operating lease right-of-use assets 320 359
Long-term royalty receivables 48,075 34,575
Equity securities 1,021 1,693
Other assets 210 41
Total assets 119,893 125,285
Current liabilities:    
Accounts payable 671 456
Accrued and other liabilities 1,376 642
Contingent consideration under royalty purchase agreements 75 75
Operating lease liabilities 183 179
Unearned revenue recognized under units-of-revenue method 1,482 1,452
Contingent liabilities 1,410 1,410
Current portion of long-term debt 7,201 8,088
Preferred stock dividend accrual 707  
Total current liabilities 13,105 12,302
Unearned revenue recognized under units-of-revenue method - long-term 13,130 13,516
Long-term debt 11,654 12,764
Long-term operating lease liabilities 182 229
Other liabilities - long-term 102 50
Total liabilities 38,173 38,861
Commitments and Contingencies
Stockholders' equity:    
Common stock, $0.0075 par value, 277,333,332 shares authorized, 11,259,926 and 11,228,792 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 84 84
Additional paid-in capital 1,270,046 1,267,377
Accumulated deficit (1,188,459) (1,181,086)
Total stockholders' equity 81,720 86,424
Total liabilities and stockholders' equity 119,893 125,285
8.625% Series A Cumulative, Perpetual Preferred Stock    
Stockholders' equity:    
Preferred Stock 49 49
Convertible preferred stock.    
Stockholders' equity:    
Preferred Stock