Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 30,410,000 $ 11,520,000
Receivables 330,000 35,000
Prepaid expenses and other current assets 222,000 0
Total current assets 30,962,000 11,555,000
Property and equipment, net 66,000 4,000
Licensed technology, net 6,900,000 4,991,000
Goodwill 38,955,000 0
Other assets 42,000 32,000
Total assets 76,925,000 16,582,000
Current liabilities    
Accounts payable 1,318,000 1,896,000
Short-term notes payable 0 400,000
Current portion of deferred revenue 602,000 602,000
Total current liabilities 1,920,000 2,898,000
Contingent consideration liability 6,489,000 0
Payable due Licensor 4,000,000 4,000,000
Long-term deferred revenue 4,567,000 4,868,000
Total liabilities $ 16,976,000 $ 11,766,000
Commitments and contingencies    
Stockholders' equity    
Common stock - $.01 par value; authorized 200,000,000 shares; issued, 29,861,515 at June 30, 2015 and 19,960,801 at December 31, 2014 $ 299,000 $ 200,000
Additional paid-in capital 361,837,000 300,690,000
Accumulated deficit (302,187,000) (296,074,000)
Total stockholders' equity 59,949,000 4,816,000
Total liabilities and stockholders' equity $ 76,925,000 $ 16,582,000