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Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 13,561 $ 14,528
Marketable securities 141,225 115,608
Accounts receivable 6,938 8,616
Prepaid expenses and other current assets 4,365 2,901
Total current assets 166,089 141,653
Property and equipment, net 3,360 3,105
Patents, licenses, and other intangible assets, net 10,886 10,362
Marketable securities - long term 237,865 273,340
Other assets 103 103
Total assets 418,303 428,563
Current liabilities    
Accounts payable 4,275 3,880
Accrued expenses 6,502 6,692
Current portion of deferred rent 135 128
Current portion of deferred revenue 95,788 95,521
Income taxes 175 65
Total current liabilities 106,875 106,286
Deferred rent, less current portion 361 397
Deferred revenue, less current portion 7,319 7,926
Total liabilities 114,555 114,609
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.01 par value: 10,000,000 authorized shares; -0- issued and outstanding shares at March 31, 2017 and December 31, 2016
Common stock, $0.01 par value: 200,000,000 authorized shares at March 31, 2017 and December 31, 2016; 46,689,447 issued and outstanding at March 31, 2017 and 46,567,978 issued and outstanding at December 31, 2016 467 466
Additional paid-in capital 557,473 552,889
Accumulated other comprehensive loss (1,196) (1,441)
Accumulated deficit (252,996) (237,960)
Total stockholders' equity 303,748 313,954
Total liabilities and stockholders' equity $ 418,303 $ 428,563