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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 82,387 $ 61,653
Available-for-sale securities 0 50,097
Inventories 5,640 0
Prepaid expenses and other current assets 889 3,305
Total Current Assets 88,916 115,055
Property and equipment, net 593 531
Security deposits 343 343
Total Assets 89,852 115,929
Current Liabilities:    
Accounts payable 15,584 13,263
Accrued expenses 13,552 4,328
Interest payable on senior convertible notes 294 1,988
Total Current Liabilities 29,430 19,579
Senior convertible notes, net 22,665 151,241
Derivative financial instruments, at estimated fair value-warrants 216 322
Total Liabilities 52,311 171,142
Commitments and contingencies (Note 8)
Stockholders’ Equity/(Deficit):    
Preferred stock, Authorized 20,000,000 shares and none outstanding, at December 31, 2016 and December 31, 2015 0 0
Common stock, par value of $.0001, 350,000,000 shares authorized at December 31, 2016 and December 31, 2015. Issued and outstanding 202,737,860 shares and 113,694,606 shares at December 31, 2016 and December 31, 2015, respectively. 20 11
Additional paid-in capital 620,513 329,161
Accumulated deficit (582,992) (384,385)
Total Stockholders’ Equity/(Deficit) 37,541 (55,213)
Total Liabilities and Stockholders’ Equity/(Deficit) $ 89,852 $ 115,929