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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 344,733 $ 287,786
Equity securities 64,511 61,608
Equity securities without readily determinable fair value 5,816 5,816
Equity method investments 30,934 30,934
Accounts receivable, net 5,896 8,231
Inventories 12,375 14,222
Prepaid expenses and other current assets 20,182 19,388
Total current assets 484,447 427,985
Property, plant and equipment, net 2,647 3,537
Goodwill 7,541 7,541
Other intangible assets, net 27,557 36,658
Leased right-of-use assets 1,488 2,005
Deferred income tax assets, net 321 0
Other non-current assets 5,146 5,202
Total assets 529,147 482,928
Current liabilities:    
Accounts payable 8,530 6,036
Accrued expenses and other current liabilities 5,256 14,058
Accrued compensation 5,202 4,737
Royalties and contingent legal fees payable 1,296 699
Accrued patent costs 0 9,000
Deferred revenue 1,149 1,229
Senior secured notes payable 0 60,450
Total current liabilities 21,433 87,209
Deferred revenue, net of current portion 497 568
Series A embedded derivative liabilities 0 16,835
Series B warrant liabilities 0 84,780
Long-term lease liabilities 1,535 1,873
Deferred income tax liabilities, net 0 742
Other long-term liabilities 2,084 1,675
Total liabilities 25,549 193,682
Commitments and contingencies
Series A redeemable convertible preferred stock, par value $0.001 per share; stated value $100 per share; zero and 350,000 shares authorized, issued and outstanding as of September 30, 2023 and December 31, 2022, respectively; aggregate liquidation preference of zero and $35,000 as of September 30, 2023 and December 31, 2022, respectively 0 19,924
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, par value $0.001 per share; 300,000,000 shares authorized; 99,886,322 and 43,484,867 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 99 43
Treasury stock, at cost, 16,183,703 shares as of September 30, 2023 and December 31, 2022 (98,258) (98,258)
Additional paid-in capital 905,200 663,284
Accumulated deficit (314,485) (306,789)
Total Acacia Research Corporation stockholders' equity 492,556 258,280
Noncontrolling interests 11,042 11,042
Total stockholders' equity 503,598 269,322
Total liabilities, redeemable convertible preferred stock, and stockholders' equity $ 529,147 $ 482,928
Treasury Stock, Common, Shares 16,183,703