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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 5,711,000 $ 9,370,000
Accounts receivable 25,000 125,000
Prepaid expenses and other current assets 619,000 521,000
Total current assets 6,355,000 10,016,000
Property and equipment, net 1,072,000 1,131,000
In process research and development 10,461,000 12,446,000
Acquired patents, net 307,000 338,000
Goodwill   7,562,000
Total assets 18,195,000 31,493,000
Current liabilities    
Accounts payable and accrued expenses 1,659,000 1,044,000
Deferred revenue   245,000
Accrued compensation 895,000 728,000
Dividends payable 38,000 368,000
Insurance premium liability 185,000  
Notes payable (Note 8) 803,000  
Total current liabilities 3,580,000 2,385,000
Derivative liabilities 2,443,000 1,499,000
Deferred tax liability 2,449,000 3,005,000
Total liabilities 8,472,000 6,889,000
Series B redeemable convertible preferred stock    
$0.01 par value, 9,357,935 shares authorized at December 31, 2016 and 2015, respectively, no shares and 7,527,853 shares issued and outstanding at December 31, 2016 and 2015, respectively (liquidation preference of $0 and $13,383,000 at December 31, 2016 and 2015, respectively)   11,890,000
Stockholders' equity    
Common stock, $0.01 par value, 670,000,000 shares authorized at December 31, 2016 and 2015, 16,488,120 and 5,883,503 shares issued and outstanding at December 31, 2016 and 2015, respectively 165,000 59,000
Additional paid-in capital 390,918,000 375,177,000
Accumulated deficit (381,360,000) (362,522,000)
Total stockholders' equity (deficit) 9,723,000 12,714,000
Total liabilities, Series B redeemable convertible preferred stock and stockholders' equity $ 18,195,000 $ 31,493,000