Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 136,858 $ 65,508
Accounts receivable (net of allowance for doubtful accounts of $100 and $0 at December 31, 2019 and December 31, 2018, respectively) 13,539 5,498
Short-term investments (certificates of deposit) 0 17,604
Inventory 857 678
Other receivables - related party 865 2,095
Prepaid expenses and other current assets 4,133 6,735
Current assets held for sale 0 13,089
Total current assets 156,252 111,207
Property and equipment, net 12,433 12,019
Operating lease right-of-use asset, net 21,480 0
Restricted cash 16,574 16,074
Long-term investment, at fair value 11,148 0
Intangible asset, net 7,377 1,417
Other assets 1,158 276
Total assets 226,422 140,993
Current liabilities    
Accounts payable and accrued expenses 35,451 34,067
Accounts payable and accrued expenses - related party 0 149
Interest payable 1,042 1,232
Interest payable - related party 92 97
Notes payable, short-term (net of debt discount of $0 and $336 at December 31, 2019 and December 31, 2018, respectively) 7,220 9,164
Partner company convertible note, short-term, at fair value 0 9,914
Operating lease liabilities - short-term 1,784 0
Derivative warrant liability 27 991
Total current liabilities 45,616 55,614
Notes payable, long-term (net of debt discount of $5,086 and $4,567 at December 31, 2019 and December 31, 2018, respectively) 77,436 60,425
Operating lease liabilities - long-term 23,712 0
Other long-term liabilities 7,126 5,211
Total liabilities 153,890 121,250
Commitments and contingencies
Stockholders' equity    
Preferred stock, $.001 par value, 15,000,000 authorized, 5,000,000 designated Series A shares, 1,341,167 and 1,000,000 shares issued and outstanding as of December 31, 2019 and December 31, 2018, respectively; liquidation value of $25.00 per share 1 1
Common stock, $.001 par value, 100,000,000 shares authorized, 74,027,425 and 57,845,447 shares issued and outstanding as of December 31, 2019 and December 31, 2018, respectively 74 58
Common stock issuable, 251,337 and 744,322 shares as of December 31, 2019 and December 31, 2018, respectively 500 659
Additional paid-in-capital 461,874 397,408
Accumulated deficit (436,234) (396,274)
Total stockholders' equity attributed to the Company 26,215 1,852
Non-controlling interests 46,317 17,891
Total stockholders' equity 72,532 19,743
Total liabilities and stockholders' equity $ 226,422 $ 140,993