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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 63,487 $ 128,809
Trading securities - debt 90,482 33,642
Trading securities - equity 10,934 3,012
Accounts receivable 15,308 32,884
Prepaid expenses and other current assets 3,289 3,125
Total current assets 183,500 201,472
Investment at fair value (Note 5) 9,070 7,459
Other investments (Note 5) 0 8,195
Patents, net of accumulated amortization 9,534 6,587
Other non-current assets 1,658 236
Total assets 203,762 223,949
Current liabilities:    
Accounts payable and accrued expenses 9,461 8,347
Royalties and contingent legal fees payable 10,518 22,688
Other current liabilities 35 0
Total current liabilities 20,014 31,035
Other liabilities 2,131 1,674
Total liabilities 22,145 32,709
Commitments and contingencies (Note 6)
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; 100,000,000 shares authorized; 50,132,871 and 49,639,319 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 50 50
Treasury stock, at cost, 2,919,828 shares as of June 30, 2019 and December 31, 2018 (39,272) (39,272)
Additional paid-in capital 651,688 651,156
Accumulated deficit (432,682) (422,541)
Total Acacia Research Corporation stockholders' equity 179,784 189,393
Noncontrolling interests 1,833 1,847
Total stockholders' equity 181,617 191,240
Total liabilities and stockholders' equity $ 203,762 $ 223,949