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Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 6,173,000 $ 9,370,000
Accounts receivable 14,000 125,000
Prepaid expenses and other current assets 566,000 521,000
Total current assets 6,753,000 10,016,000
Property and equipment, net 1,170,000 1,131,000
In process research and development 12,446,000 12,446,000
Acquired patents, net 330,000 338,000
Goodwill 7,562,000 7,562,000
Total assets 28,261,000 31,493,000
Current liabilities    
Accounts payable, accrued expenses and other 2,003,000 1,464,000
Deferred revenue 142,000 245,000
Accrued severance 138,000 308,000
Dividends payable 368,000 368,000
Total current liabilities 2,651,000 2,385,000
Series B preferred stock derivative liability 91,000 1,493,000
Warrant liability 2,000 6,000
Deferred tax liability 3,005,000 3,005,000
Total liabilities 5,749,000 6,889,000
Series B redeemable convertible preferred stock    
$0.01 par value, 9,357,935 shares authorized at March 31, 2016 and December 31, 2015, 7,527,853 shares issued and outstanding at March 31, 2016 and December 31, 2015 (liquidation preference of $13,706,000 and $13,383,000 at March 31, 2016 and December 31, 2015, respectively) 13,615,000 11,890,000
Stockholders' equity    
Common stock, $0.01 par value, 670,000,000 shares authorized at March 31, 2016 and December 31, 2015, 5,883,503 shares issued and outstanding at March 31, 2016 and December 31, 2015 59,000 59,000
Additional paid-in capital 374,472,000 375,177,000
Accumulated deficit (365,634,000) (362,522,000)
Total stockholders' equity (deficit) 8,897,000 12,714,000
Total liabilities, Series B redeemable convertible preferred stock and stockholders' equity $ 28,261,000 $ 31,493,000