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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ 15,950 $ (1,163)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 12 14
Stock-based compensation 209 142
Changes in operating assets and liabilities:    
Accounts receivable 1,064 0
Prepaid expenses and other current assets 8 38
Accrued expenses (783) (4)
Accounts payable 3,145 (39)
Accounts payable - related parties (65) 4
Other liabilities (13) (31)
Accrued income taxes 324 0
Net cash provided by (used in) operating activities 19,851 (1,039)
Cash flows from investing activities:    
Proceeds from investments 127 0
Net cash provided by investing activities 127 0
Cash flows from financing activities:    
Redemption Series A Preferred shares (7,222) 0
Net cash used in financing activities (7,222) 0
Net increase (decrease) in cash and cash equivalents 12,756 (1,039)
Cash and cash equivalents - beginning 13,678 6,101
Cash and cash equivalents - ending $ 26,434 $ 5,062