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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 66,861 $ 128,809
Trading securities - debt 86,390 33,642
Trading securities - equity 16,080 3,012
Accounts receivable 1,799 32,884
Prepaid expenses and other current assets 2,329 3,125
Total current assets 173,459 201,472
Investment at fair value (Note 5) 2,674 7,459
Other investments (Note 5) 0 8,195
Patents, net of accumulated amortization 8,671 6,587
Other non-current assets 2,126 236
Total assets 186,930 223,949
Current liabilities:    
Accounts payable and accrued expenses 8,268 8,347
Royalties and contingent legal fees payable 2,274 22,688
Other current liabilities 29 0
Total current liabilities 10,571 31,035
Other liabilities 2,050 1,674
Total liabilities 12,621 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; 50,343,305 and 49,639,319 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 50 50
Treasury stock, at cost, 2,919,828 shares as of September 30, 2019 and December 31, 2018 (39,272) (39,272)
Additional paid-in capital 651,988 651,156
Accumulated deficit (440,290) (422,541)
Total Acacia Research Corporation stockholders' equity 172,476 189,393
Noncontrolling interests 1,833 1,847
Total stockholders' equity 174,309 191,240
Total liabilities and stockholders' equity $ 186,930 $ 223,949