XML 43 R3.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 157,031us-gaap_CashAndCashEquivalentsAtCarryingValue $ 158,883us-gaap_CashAndCashEquivalentsAtCarryingValue [1]
Accounts receivable, net 16,305us-gaap_AccountsReceivableNetCurrent 14,366us-gaap_AccountsReceivableNetCurrent [1]
Inventories 3,722us-gaap_InventoryNet 2,784us-gaap_InventoryNet [1]
Prepaid expenses and other receivables 1,336us-gaap_PrepaidExpenseAndOtherAssetsCurrent 1,185us-gaap_PrepaidExpenseAndOtherAssetsCurrent [1]
Total current assets 178,394us-gaap_AssetsCurrent 177,218us-gaap_AssetsCurrent [1]
Property, plant and equipment, net 3,355us-gaap_PropertyPlantAndEquipmentNet 3,262us-gaap_PropertyPlantAndEquipmentNet [1]
Product acquisition costs, net 12,074us-gaap_AcquisitionCostsCumulative 10,604us-gaap_AcquisitionCostsCumulative [1]
Debt issuance costs, net 4,946us-gaap_UnamortizedDebtIssuanceExpense 5,132us-gaap_UnamortizedDebtIssuanceExpense [1]
Other 834us-gaap_OtherAssetsNoncurrent 862us-gaap_OtherAssetsNoncurrent [1]
Total assets 199,603us-gaap_Assets 197,078us-gaap_Assets [1]
Current liabilities:    
Accounts payable 2,551us-gaap_AccountsPayableCurrent 1,643us-gaap_AccountsPayableCurrent [1]
Accrued expenses 6,591us-gaap_AccruedLiabilitiesCurrent 5,141us-gaap_AccruedLiabilitiesCurrent [1]
Payable for product acquisition costs 6,000ig_PayableForProductAcquisitionCosts 6,000ig_PayableForProductAcquisitionCosts [1]
Deferred income, current 27us-gaap_DeferredRevenueCurrent 87us-gaap_DeferredRevenueCurrent [1]
Capital lease obligation, current 129us-gaap_CapitalLeaseObligationsCurrent 131us-gaap_CapitalLeaseObligationsCurrent [1]
Total current liabilities 15,298us-gaap_LiabilitiesCurrent 13,002us-gaap_LiabilitiesCurrent [1]
Convertible 3.75% senior notes, net of debt discount (face of $143,750) 101,901us-gaap_ConvertibleLongTermNotesPayable 100,311us-gaap_ConvertibleLongTermNotesPayable [1]
Fair value of derivative liability - convertible 3.75% senior notes 32,775us-gaap_DerivativeFairValueOfDerivativeLiability 41,400us-gaap_DerivativeFairValueOfDerivativeLiability [1]
Note payable, bank 3,160us-gaap_NotesPayableToBank 3,160us-gaap_NotesPayableToBank [1]
Other long term liabilities 40us-gaap_OtherLiabilitiesNoncurrent 71us-gaap_OtherLiabilitiesNoncurrent [1]
Total liabilities 153,174us-gaap_Liabilities 157,944us-gaap_Liabilities [1]
Stockholders’ equity:    
Common stock, $0.01 par value, 60,000,000 shares authorized; 52,859,953 and 52,819,787 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively 548us-gaap_CommonStockValue 548us-gaap_CommonStockValue [1]
Additional paid-in capital 78,912us-gaap_AdditionalPaidInCapital 78,172us-gaap_AdditionalPaidInCapital [1]
Accumulated deficit (33,031)us-gaap_RetainedEarningsAccumulatedDeficit (39,586)us-gaap_RetainedEarningsAccumulatedDeficit [1]
Total stockholders' equity 46,429us-gaap_StockholdersEquity 39,134us-gaap_StockholdersEquity [1]
Total liabilities and stockholders' equity 199,603us-gaap_LiabilitiesAndStockholdersEquity 197,078us-gaap_LiabilitiesAndStockholdersEquity [1]
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Convertible Preferred stock 0us-gaap_ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
0us-gaap_ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
[1]
Series C Preferred Stock [Member]    
Stockholders’ equity:    
Convertible Preferred stock $ 0us-gaap_ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
$ 0us-gaap_ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
[1]
[1] *Derived from the audited December 31, 2014 financial statements