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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 24,165 $ 38,449
Accounts receivable, net 621 76
Inventories 7,883 6,625
Interest receivable 12 6
Other current assets 5,335 3,987
Total Current Assets 38,016 49,143
Restricted cash 10,425  
Accounts receivable, net of current portion 266  
Inventories, net of current portion   709
Property and equipment, net 5,772 4,408
Intellectual property, net 37,090 46,898
In-process research and development 15,920 16,511
Goodwill 68,697 130,869
Other long term assets 63 64
Total Assets 176,249 248,602
Current Liabilities    
Accounts payable 3,984 4,450
Accrued expenses 8,206 7,395
Contingent consideration – current portion 10,502 12,500
Notes payable - current portion, net of debt discount 7,997 6,727
Total Current Liabilities 30,689 31,072
Long Term Liabilities    
Contingent consideration – less current portion 12,298 11,000
Notes payable - less current portion, net of debt discount 4,995 12,990
Net deferred tax liabilities 10,397 16,263
Total Liabilities 58,379 71,325
Commitments and Contingencies
Stockholders’ Equity    
Common stock $0.001 par value, 750,000,000 shares authorized at December 31, 2016 and 2015, respectively; 115,781,030 and 100,180,872 shares issued at December 31, 2016 and 2015, respectively; and 115,687,351 and 100,149,453 shares outstanding at December 31, 2016 and 2015, respectively 115 100
Additional paid-in capital 426,609 363,280
Accumulated deficit (302,844) (182,864)
Treasury stock at cost, 93,679 and 31,419 shares at December 31, 2016 and 2015, respectively (241) (73)
Accumulated other comprehensive loss (5,769) (3,166)
Total Stockholders’ Equity 117,870 177,277
Total Liabilities and Stockholders’ Equity $ 176,249 $ 248,602