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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 16,155 $ 154,684
Accounts receivable, net of $22,385 and $13,586 of adjustments for chargebacks and other allowances at September 30, 2016 and December 31, 2015, respectively 47,477 21,932
Inventories, net 28,261 13,387
Prepaid income taxes 929 1,127
Prepaid expenses and other current assets 2,653 1,453
Total Current Assets 95,475 192,583
Property and equipment, net 9,716 7,131
Restricted cash 5,001 0
Deferred tax asset, net of valuation allowance 18,400 17,316
Intangible assets, net 188,949 66,397
Goodwill 1,838 1,838
Total Assets 319,379 285,265
Current Liabilities    
Accounts payable 4,730 2,066
Accrued expenses and other 2,016 617
Accrued royalties 11,769 606
Accrued compensation and related expenses 1,426 1,188
Accrued Medicaid rebates 6,451 4,631
Returned goods reserve 4,099 2,648
Total Current Liabilities 30,491 11,756
Long-term Liabilities    
Long-term royalties 1,250 0
Convertible notes, net of discount and deferred financing costs 118,808 113,427
Total Liabilities 150,549 125,183
Commitments and Contingencies (Note 11)
Stockholders' Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 11,579,764 shares issued and outstanding at September 30, 2016; 11,498,228 shares issued and outstanding at December 31, 2015 1 1
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 0 0
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 0 0
Additional paid-in capital 170,665 164,431
Accumulated deficit (1,836) (4,350)
Total Stockholders' Equity 168,830 160,082
Total Liabilities and Stockholders' Equity $ 319,379 $ 285,265