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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 141,219 $ 61,653
Available-for-sale securities 0 50,097
Prepaid expenses and other current assets 4,266 3,305
Total Current Assets 145,485 115,055
Property and equipment, net 724 531
Security deposits 343 343
Total Assets 146,552 115,929
Current Liabilities:    
Accounts payable 19,028 13,263
Accrued expenses 3,109 4,328
Interest payable on Senior Convertible Debentures 990 1,988
Total Current Liabilities 23,127 19,579
Senior Convertible Notes, net 75,818 151,241
Derivative financial instruments, at estimated fair value-warrants 85 322
Total Liabilities 99,030 171,142
Commitments and contingencies
Stockholders’ Equity/(Deficit):    
Preferred stock, Authorized 20,000,000 shares and none outstanding, at June 30, 2016 and December 31, 2015 0 0
Common stock, par value of $.0001, 350,000,000 shares authorized at June 30, 2016 and December 31, 2015. Issued and outstanding 179,776,089 shares and 113,694,606 shares at June 30, 2016 and December 31, 2015, respectively. 18 11
Additional paid-in capital 530,386 329,161
Accumulated Deficit (482,882) (384,385)
Total Stockholders’ Equity/(Deficit) 47,522 (55,213)
Total Liabilities and Stockholders’ Equity/(Deficit) $ 146,552 $ 115,929