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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 109,562 $ 136,604
Short-term investments - debt securities 30,837 0
Short-term investments - equity securities 3,011 0
Accounts receivable 10,572 153
Prepaid expenses and other current assets 3,121 2,938
Total current assets 157,103 139,695
Investments at fair value 36,648 104,754
Investment - other 8,195 2,195
Patents, net 18,147 61,917
Other assets 183 207
Total assets 220,276 308,768
Current liabilities:    
Accounts payable and accrued expenses 9,067 7,956
Royalties and contingent legal fees payable 7,193 1,601
Total current liabilities 16,260 9,557
Other liabilities 1,874 3,552
Total liabilities 18,134 13,109
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 49,639,319 and 50,639,926 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 50 51
Treasury stock, at cost, 2,919,828 and 1,729,408 shares as of September 30, 2018 and December 31, 2017, respectively (39,272) (34,640)
Additional paid-in capital 650,814 648,996
Accumulated comprehensive loss (122) (88)
Accumulated deficit (411,172) (320,018)
Total Acacia Research Corporation stockholders' equity 200,298 294,301
Noncontrolling interests in operating subsidiaries 1,844 1,358
Total stockholders' equity 202,142 295,659
Total liabilities and stockholders' equity $ 220,276 $ 308,768