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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 52,584 $ 50,282
Restricted cash 1,506 3,286
Investments 67,737 64,115
Receivables from collaborations 3,394 6,117
Inventory 821
Prepaid expenses and other current assets 2,445 1,381
Deferred collaboration expense 8 210
Total current assets 128,495 125,391
Investments 29,157 41,295
Property and equipment, net 9,236 9,546
Other assets 1,420 2,027
Total assets 168,308 178,259
Liabilities and Stockholders’ Equity    
Accounts payable 7,911 6,337
Accrued expenses 15,120 12,699
Interest payable 10,427 12,095
Deferred collaboration revenue 200 8,484
Lease financing obligation 66 75
Senior credit facility 1,621 6,464
Non-recourse notes payable 29,012 28,682
Total current liabilities 64,357 74,836
Deferred rent 81 155
Lease financing obligation 2,704 2,751
Senior credit facility 28,293 16,750
Stockholders’ equity:    
Preferred stock, $0.001 par value; shares authorized — 5,000; no shares issued and outstanding
Common stock, $0.01 par value: shares authorized — 200,000; shares issued and outstanding — 109,625 in 2018 and 98,411 in 2017 1,096 984
Additional paid-in capital 776,724 714,869
Accumulated other comprehensive loss (410) (243)
Accumulated deficit (704,537) (631,843)
Total stockholders’ equity 72,873 83,767
Total liabilities and stockholders’ equity $ 168,308 $ 178,259