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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 75,158 $ 22,104
Restricted cash 2,798 1,546
Investments 23,524 32,546
Receivables from collaborations 9,564 8,768
Inventory 655 500
Prepaid expenses and other current assets 1,721 1,438
Deferred collaboration expense 82 85
Total current assets 113,502 66,987
Investments 3,803 8,926
Property and equipment, net 9,753 9,922
Deferred collaboration expense 184 199
Other assets 2,271 3,813
Total assets 129,513 89,847
Liabilities and Stockholders’ Equity    
Accounts payable 5,433 4,269
Accrued expenses 11,335 10,836
Interest payable 10,291 8,990
Deferred revenue 1,869 2,022
Senior credit facility, current 1,276
Non-recourse notes payable 28,353 28,243
Total current liabilities 58,557 54,360
Deferred collaboration revenue 7,888 8,184
Deferred rent 223 244
Lease financing obligation 2,704 2,704
Senior credit facility, noncurrent 21,611 22,777
Stockholders’ equity:    
Preferred stock, $0.001 par value; shares authorized — 5,000; no shares issued and outstanding
Common stock, $0.01 par value: shares authorized — 200,000; shares issued and outstanding — 80,381 in 2017 and 73,782 in 2016 804 738
Additional paid-in capital 618,009 566,913
Accumulated other comprehensive loss (3) (12)
Accumulated deficit (580,280) (566,061)
Total stockholders’ equity 38,530 1,578
Total liabilities and stockholders’ equity $ 129,513 $ 89,847