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Consolidated Balance Sheets - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 14,351,000 $ 6,581,000
Accounts receivable   100,000
Prepaid expenses and other current assets 512,000 339,000
Total current assets 14,863,000 7,020,000
Property and equipment, net 1,147,000 1,220,000
In process research and development 12,446,000 12,446,000
Acquired patents, net 354,000 369,000
Goodwill 7,562,000 7,562,000
Total assets 36,372,000 28,617,000
Current liabilities    
Accounts payable, accrued expenses and other 1,365,000 1,167,000
Deferred revenue 350,000 244,000
Accrued severance 321,000 457,000
Total current liabilities 2,167,000 1,868,000
Preferred B stock derivative liability 10,032,000 12,320,000
Warrant liability 3,984,000 5,826,000
Accrued severance   98,000
Deferred tax liability 3,078,000 3,078,000
Dividends payable 131,000  
Total liabilities 19,261,000 23,190,000
Series B redeemable convertible preferred stock    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, 8,290,353 shares issued and outstanding at June 30, 2015 and 8,671,040 shares issued and outstanding at December 31, 2014 (liquidation preference of $14,053,000 and $14,042,000 at June 30, 2015 and December 31, 2014, respectively) 4,023,000 1,990,000
Stockholders' equity (deficit)    
Common stock, $0.01 par value, 445,000,000 shares authorized, 5,706,883 shares issued and outstanding at June 30, 2015 and 3,983,182 shares issued and outstanding December 31, 2014 57,000 40,000
Additional paid-in capital 378,761,000 365,403,000
Accumulated deficit (365,730,000) (362,006,000)
Total stockholders' equity (deficit) 13,088,000 3,437,000
Total liabilities, Series B redeemable convertible preferred stock and stockholders' equity $ 36,372,000 $ 28,617,000