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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 34,709 $ 29,730
Restricted cash 401 401
Litigation settlement insurance recovery 1,700 21,700
Prepaid expenses and other current assets 1,051 1,398
Current assets of discontinued operations, net 88 392
Total current assets 37,949 53,621
Equipment and furnishings, net 299 335
In-process research and development 12,864 12,864
GALE-401 rights 9,255 9,255
Goodwill 5,898 5,898
Deposits and other assets 100 171
Total assets 66,365 82,144
Current liabilities:    
Accounts payable 1,019 1,597
Accrued expenses and other current liabilities 4,042 5,292
Litigation settlement payable 5,000 25,000
Fair value of warrants potentially settleable in cash 23,934 14,518
Current portion of long-term debt 3,740 4,739
Current liabilities of discontinued operations 4,487 5,925
Total current liabilities 42,222 57,071
Deferred tax liability 5,418 5,418
Contingent purchase price consideration 6,312 6,142
Total liabilities $ 53,952 $ 68,631
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.0001 par value; 275,000,000 shares authorized, 182,512,117 shares issued and 181,837,117 shares outstanding at March 31, 2016; 275,000,000 shares authorized, 162,581,753 shares issued and 161,906,753 shares outstanding at December 31, 2015 $ 18 $ 15
Additional paid-in capital 312,120 296,730
Accumulated deficit 295,876 279,383
Less treasury shares at cost, 675,000 shares (3,849) (3,849)
Total stockholders’ equity 12,413 13,513
Total liabilities and stockholders' equity $ 66,365 $ 82,144