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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 20,751 $ 22,058
Marketable securities 4,452 8,384
Trading securities 3,761 0
Prepaid expenses and other current assets 4,644 2,109
Total current assets 33,608 32,551
Property and equipment, net 1,513 1,873
Ownership interests in and advances to partner companies 134,691 183,470
Long-term marketable securities 0 7,302
Long-term restricted cash equivalents 6,336 6,336
Other assets 316 296
Total Assets 176,464 231,828
Current Liabilities:    
Accounts payable 155 140
Accrued compensation and benefits 3,321 3,498
Accrued expenses and other current liabilities 1,851 2,223
Convertible senior debentures - current 40,485 0
Total current liabilities 45,812 5,861
Other long-term liabilities 3,535 3,630
Credit facility 45,321 0
Convertible senior debentures - non-current 0 52,560
Total Liabilities 94,668 62,051
Commitments and contingencies
Equity:    
Preferred stock, $0.10 par value; 1,000 shares authorized 0 0
Common stock, $0.10 par value; 83,333 shares authorized; 21,573 issued at December 31, 2017 and 2016, respectively 2,157 2,157
Additional paid-in capital 812,536 816,016
Treasury stock, at cost; 999 and 1,209 shares at December 31, 2017 and 2016, respectively (17,308) (21,061)
Accumulated deficit (715,476) (626,904)
Accumulated other comprehensive loss (113) (431)
Total Equity 81,796 169,777
Total Liabilities and Equity $ 176,464 $ 231,828