Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 69,142,000 $ 40,138,000
Receivables 124,000 115,000
Prepaid expenses and other current assets 155,000 315,000
Total current assets 69,421,000 40,568,000
Property and equipment, net 721,000 350,000
Licensed technology, net 8,384,000 6,609,000
Goodwill 32,466,000 32,466,000
Other assets 66,000 62,000
Total assets 111,058,000 80,055,000
Current liabilities    
Accounts payable 3,694,000 875,000
Payable due Plasma Technologies, LLC 4,000,000 0
Current portion of deferred revenue 602,000 602,000
Total current liabilities 8,296,000 1,477,000
Contingent consideration liability 0 2,591,000
Payable due Plasma Technologies, LLC 0 4,000,000
Deferred revenue, net of current portions 3,664,000 4,266,000
Total liabilities 11,960,000 12,334,000
Commitments and contingencies
Stockholders' equity    
Common stock - $.01 par value; authorized 200,000,000 shares; issued 40,254,457 at December 31, 2016; issued 32,743,013 at December 31, 2015 403,000 328,000
Additional paid-in capital 431,168,000 377,993,000
Accumulated deficit (332,473,000) (310,600,000)
Total stockholders' equity 99,098,000 67,721,000
Total liabilities and stockholders' equity $ 111,058,000 $ 80,055,000