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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 72,945 $ 7,703
Restricted cash 525 500
Marketable securities 24,979 37,955
Prepaid expenses and other current assets 3,117 2,669
Total current assets 101,566 48,827
Property and equipment, net 2,245 808
Ownership interests in and advances to partner companies 76,750 95,585
Other assets 709 517
Total Assets 181,270 145,737
Current Liabilities:    
Accounts payable 143 165
Accrued compensation and benefits 1,926 3,433
Accrued expenses and other current liabilities 1,941 2,182
Credit facility - current 43,064 22,100
Credit facility repayment feature 4,100 5,060
Lease liability - current 383  
Total current liabilities 51,557 32,940
Credit facility - non-current 0 43,014
Lease liability - non-current 2,582  
Other long-term liabilities 1,915 2,804
Total Liabilities 56,054 78,758
Commitments and contingencies (Note 10)
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 shares issued at June 30, 2019 and December 31, 2018 2,157 2,157
Additional paid-in capital 810,401 810,928
Treasury stock, at cost; 921 and 914 shares at June 30, 2019 and December 31, 2018, respectively (13,968) (15,001)
Accumulated deficit (673,349) (731,105)
Accumulated other comprehensive loss (25) 0
Total Equity 125,216 66,979
Total Liabilities and Equity $ 181,270 $ 145,737