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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 9,370,000 $ 6,581,000
Accounts receivable 125,000 100,000
Prepaid expenses and other current assets 521,000 339,000
Total current assets 10,016,000 7,020,000
Property and equipment, net 1,131,000 1,220,000
In process research and development 12,446,000 12,446,000
Acquired patents, net 338,000 369,000
Goodwill 7,562,000 7,562,000
Total assets 31,493,000 28,617,000
Current liabilities    
Accounts payable, accrued expenses and other 1,464,000 1,167,000
Deferred revenue 245,000 244,000
Accrued severance 308,000 457,000
Dividends payable 368,000  
Total current liabilities 2,385,000 1,868,000
Series B preferred stock derivative liability 1,493,000 12,320,000
Warrant liability 6,000 5,826,000
Accrued severance   98,000
Deferred tax liability 3,005,000 3,078,000
Total liabilities 6,889,000 23,190,000
Series B redeemable convertible preferred stock    
$0.01 par value, 10,000,000 shares authorized, 7,527,853 shares issued and outstanding at December 31, 2015 and 8,671,040 shares issued and outstanding at December 31, 2014 (liquidation preference of $13,383,000 and $14,042,000 at December 31, 2015 and December 31, 2014, respectively) 11,890,000 1,990,000
Stockholders' equity    
Common stock, $0.01 par value, 670,000,000 shares authorized, 5,883,503 shares issued and outstanding at December 31, 2015 and 3,983,182 shares issued and outstanding at December 31, 2014 59,000 40,000
Additional paid-in capital 375,177,000 365,403,000
Accumulated deficit (362,522,000) (362,006,000)
Total stockholders' equity (deficit) 12,714,000 3,437,000
Total liabilities, Series B redeemable convertible preferred stock and stockholders' equity $ 31,493,000 $ 28,617,000