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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 154,684 $ 169,037
Accounts receivable, net of $13,586 and $8,708 of adjustments for chargebacks and other allowances at December 31, 2015 and 2014, respectively 21,932 17,297
Inventories, net 13,387 7,518
Prepaid income taxes 1,127 0
Prepaid expenses and other current assets 1,453 1,139
Total Current Assets 192,583 194,991
Property and equipment, net 7,131 5,223
Deferred tax asset, net of valuation allowance 17,316 15,439
Intangible assets, net 66,397 42,067
Goodwill 1,838 1,838
Total Assets 285,265 259,558
Current Liabilities    
Accounts payable 2,066 2,654
Accrued expenses and other 617 567
Accrued royalties 606 702
Accrued compensation and related expenses 1,188 1,348
Current income taxes payable 0 4,253
Accrued Medicaid rebates 4,631 2,264
Returned goods reserve 2,648 1,445
Total Current Liabilities 11,756 13,233
Long-term Liabilities    
Convertible notes, net of discount and deferred financing costs 113,427 106,540
Total Liabilities $ 125,183 $ 119,773
Commitments and Contingencies (Note 12)
Stockholders' Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 11,498,228 shares issued and oustanding at December 31, 2015; 11,387,860 shares issued and outstanding at December 31, 2014 $ 1 $ 1
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at December 31, 2015 and 2014, respectively 0 0
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at December 31, 2015 and 2014, respectively 0 0
Additional paid-in capital 164,431 159,509
Accumulated deficit (4,350) (19,725)
Total Stockholders' Equity 160,082 139,785
Total Liabilities and Stockholders' Equity $ 285,265 $ 259,558