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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 64,609 $ 38,449
Accounts receivable, net 77 76
Inventories 4,247 3,923
Interest receivable 19 6
Other current assets 7,011 6,689
Total Current Assets 75,963 49,143
Restricted cash 289  
Inventories, net of current portion   709
Property and equipment, net 4,743 4,408
Intellectual property, net 42,571 46,898
In-process research and development 16,811 16,511
Goodwill 69,756 130,869
Other long term assets 63 64
Total Assets 210,196 248,602
Current Liabilities    
Accounts payable 2,002 4,450
Accrued expenses 7,344 7,395
Contingent consideration – current portion 12,500 12,500
Notes payable - current portion 7,658 6,727
Total Current Liabilities 29,504 31,072
Long Term Liabilities    
Contingent consideration – less current portion 12,800 11,000
Net deferred tax liabilities 12,920 16,263
Notes payable - less current portion, net of debt discount 9,080 12,990
Total Liabilities 64,304 71,325
Commitments and Contingencies
Stockholders’ Equity    
Common stock $0.001 par value, 750,000,000 shares authorized at June 30, 2016 and December 31, 2015; 115,000,003 and 100,180,872 shares issued at June 30, 2016 and December 31, 2015, respectively; and 114,928,458 and 100,149,453 shares outstanding at June 30, 2016 and December 31, 2015, respectively 115 100
Additional paid-in capital 423,544 363,280
Accumulated deficit (275,908) (182,864)
Treasury stock at cost, 71,545 and 31,419 shares at June 30, 2016 and December 31, 2015, respectively (203) (73)
Accumulated other comprehensive loss (1,656) (3,166)
Total Stockholders’ Equity 145,892 177,277
Total Liabilities and Stockholders’ Equity $ 210,196 $ 248,602