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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,282 $ 2,224
Short-term investments 32,371 43,107
Receivables 13,481 12,037
Inventory 960 1,128
Prepaid expense 3,260 1,766
Total current assets 51,354 60,262
Property and equipment, net 1,215 1,181
Restricted cash and investments 5,835 5,835
Total assets 58,404 67,278
Current liabilities:    
Accounts payable 2,409 2,519
Accrued expenses 14,336 13,354
Current portion of lease financing obligations 228 198
Total current liabilities 16,973 16,071
Notes payable and lease financing obligations, net 80,503 79,512
Deferred rent 9,041 9,142
Commitments and contingencies (Note 8)
Shareholders’ deficit:    
Preferred stock, par value $0.01 per share, 20,000,000 shares authorized and none issued and outstanding at March 31, 2017 and December 31, 2016 0 0
Common stock, par value $0.01 per share, 150,000,000 shares authorized at March 31, 2017 and December 31, 2016; 43,937,031 and 43,819,133 issued and outstanding at March 31, 2017 and December 31, 2016, respectively 439 438
Additional paid-in capital 436,424 432,002
Accumulated deficit (484,976) (469,887)
Total shareholders’ deficit (48,113) (37,447)
Total liabilities and shareholders’ deficit $ 58,404 $ 67,278