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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 27,508 $ 32,019
Accounts receivable, net 7,753 3,569
Inventory, net 6,564 3,368
Prepaid expenses and other current assets 2,657 4,136
Total current assets 44,482 43,092
Property and equipment, net 4,437 4,230
Goodwill 2,715 2,715
BELBUCA®license and distribution rights intangible 42,750  
Other intangible assets, net 1,800 2,285
Total assets 96,184 52,322
Current liabilities:    
Accounts payable and accrued liabilities 30,613 18,174
Deferred revenue, current   1,716
Total current liabilities 30,613 19,890
Notes payable, less current maturities, net 35,251 29,272
Deferred revenue, long-term   20,000
Other long-term liabilities 4,050 825
Total liabilities 69,914 69,987
Commitments and contingencies (Notes 11 and 15)
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 June 30, 2017 and December 31, 2016, respectively. 2 2
Common Stock, $.001 par value; 75,000,000 shares authorized; 55,491,463 and 54,133,511 shares issued; 55,475,972 and 54,118,020 shares outstanding at June 30, 2017 and December 31, 2016, respectively. 55 54
Additional paid-in capital 303,155 292,667
Treasury stock, at cost, 15,491 shares (47) (47)
Accumulated deficit (276,895) (310,341)
Total stockholders' equity (deficit) 26,270 (17,665)
Total liabilities and stockholders' equity $ 96,184 $ 52,322