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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 73,637 $ 98,251
Restricted cash 600 600
Accounts receivable, net 45,318 19,985
Inventory 30,260 20,507
Prepaid and other current assets 3,455 6,983
Total current assets 153,270 146,326
Property, plant and equipment, net 28 78
Deferred tax assets 0 11,082
Other long-term assets 174 741
Intangible asset, net 8,126 8,772
TOTAL ASSETS 161,598 166,999
Current Liabilities:    
Accounts payable 25,155 6,062
Accrued expenses and other current liabilities 58,902 37,720
Current portion of exchangeable senior notes, net of discount 481 15,351
Current portion of long-term debt from royalty-bearing instrument 22,348 15,944
Deferred revenue, current 1,644 1,172
Total current liabilities 108,530 76,249
Long-Term Liabilities:    
Exchangeable senior notes, net of discount 28,992  
Long-term debt from royalty-bearing instrument 70,834 85,155
Deferred revenue, long-term 17,192 13,943
Other long-term liabilities 1,150 710
Total liabilities 226,698 176,057
Commitments and contingencies (Note 9)
Stockholders’ Deficit:    
Series A Convertible Preferred Stock, £0.05 par, unlimited authorized; 328,184,640 shares issued and outstanding as of December 31, 2017 and December 31, 2016 (equivalent to 32,818,464 ordinary shares upon future consolidation and redesignation at a 10:1 ratio) 24,364 24,364
Common stock, £0.50 par, unlimited authorized; 272,719,044 issued, 271,022,011 outstanding as of December 31, 2017; 270,183,201 issued, 269,363,696 outstanding as of December 31, 2016 208,768 207,166
Additional paid-in capital 977,866 964,914
Treasury stock; 1,697,033 shares as of December 31, 2017; 819,505 shares as of December 31, 2016 (4,229) (1,498)
Accumulated deficit (1,271,869) (1,204,004)
Total stockholders’ deficit (65,100) (9,058)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 161,598 $ 166,999