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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 35,219 $ 32,019
Accounts receivable, net 7,102 3,569
Inventory 8,145 3,368
Prepaid expenses and other current assets 3,942 4,136
Total current assets 54,408 43,092
Property and equipment, net 4,549 4,230
Goodwill 2,715 2,715
BELBUCA®license and distribution rights intangible 45,000  
Other intangible assets, net 918 2,285
Total assets 107,590 52,322
Current liabilities:    
Accounts payable and accrued liabilities 30,521 18,174
Deferred revenue, current   1,716
Total current liabilities 30,521 19,890
Notes payable, less current maturities, net 34,800 29,272
Deferred revenue, long-term   20,000
Other long-term liabilities 4,050 825
Total liabilities 69,371 69,987
Commitments and contingencies (Notes 11 and 14)
Stockholders' equity:    
Preferred Stock, $.001 par value; 5,000,000 shares authorized; 2,093,155 shares of Series A Non-Voting Convertible Preferred Stock outstanding at both March 31, 2017 and December 31, 2016, respectively. 2 2
Common Stock, $.001 par value; 75,000,000 shares authorized; 55,341,463 and 54,133,511 shares issued; 55,325,972 and 54,118,020 shares outstanding at March 31, 2017 and December 31, 2016, respectively. 55 54
Additional paid-in capital 300,225 292,667
Treasury stock, at cost, 15,491 shares (47) (47)
Accumulated deficit (262,016) (310,341)
Total stockholders' equity (deficit) 38,219 (17,665)
Total liabilities and stockholders' equity (deficit) $ 107,590 $ 52,322