Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 98,182 $ 49,759
Marketable securities, at fair value (Note 3) 0 20,002
Prepaid expenses and other current assets 1,597 702
Total current assets 99,779 70,463
Property and equipment, net (Note 4) 309 52
Restricted cash 14,586 14,586
Long-term investments, at fair value (Note 5) 2,485 4,160
Intangible asset - license (Note 7) 1,250 0
Other assets 201 64
Total assets 118,610 89,325
Current liabilities    
Accounts payable 1,868 366
Accrued expenses 8,570 3,683
Interest payable 27 28
Derivative warrant liability (Note 5) 114 0
Total current liabilities 10,579 4,077
Notes payable, long-term (net of debt discount of $835 and $6 at December 31, 2015 and December 31, 2014, respectively) 23,174 14,003
Other long-term liabilities 584 722
Total liabilities $ 34,337 $ 18,802
Commitments and contingencies (Note 13)
Stockholders' equity    
Common Stock, $.001 par value, 100,000,000 shares authorized, 47,147,032 and 46,494,034 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively $ 47 $ 46
Additional paid-in-capital 246,955 212,205
Accumulated deficit (190,156) (141,728)
Total stockholders' equity attributed to the Company 56,846 70,523
Non-controlling interests (Note 10) 27,427 0
Total stockholders' equity 84,273 70,523
Total liabilities and stockholders' equity 118,610 89,325
Series C Convertible Preferred Stock [Member]    
Stockholders' equity    
Convertible Preferred stock, $.001 par value, 129,767 Series C shares authorized, 0 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively $ 0 $ 0