Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 8,310,000 $ 23,111,000
Short-term Investments 106,000 107,000
Available-for-sale Securities   107,000
Accounts Receivable, Net 2,806,000 3,836,000
Other current assets 2,569,000 5,641,000
Total current assets 19,165,000 44,866,000
Property and equipment, net 1,460,000 1,793,000
Goodwill 0 15,545,000
Other intangible assets, net 43,492,000 47,304,000
Other long-term assets 3,255,000 2,949,000
Disposal Group, Including Discontinued Operation, Assets, Noncurrent 340,000 3,449,000
Disposal Group, Including Discontinued Operation, Assets, Current 5,374,000 12,171,000
Total assets 67,712,000 115,906,000
Current liabilities:    
Accounts payable 1,560,000 2,162,000
Accrued salary and bonus 2,424,000 1,569,000
Other accrued expenses 5,961,000 7,951,000
Disposal Group, Including Discontinued Operation, Liabilities, Current 12,264,000 21,896,000
Long-term Debt, Current Maturities 1,164,000 0
Total current liabilities 23,373,000 33,578,000
Contingent Consideration 17,890,000 25,909,000
Long-term Debt, net of debt discount 7,233,000 27,154,000
Long-term liabilities 6,178,000 8,814,000
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent 0 329,000
Total liabilities $ 54,674,000 $ 95,784,000
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding $ 0 $ 0
Common Stock, $.01 par value; 40,000,000 shares authorized; 18,705,214 and 16,558,140 shares issued, respectively; 17,662,671 and 15,361,133 shares outstanding, respectively 187,000 165,000
Additional paid-in capital 132,522,000 134,171,000
Accumulated deficit (111,252,000) (99,896,000)
Accumulated other comprehensive income 13,000 16,000
Treasury stock, at cost (1,197,007 and 1,146,271 shares, respectively) (8,432,000) (14,334,000)
Total stockholders' equity 13,038,000 20,122,000
Total liabilities and stockholders' equity 67,712,000 115,906,000
RedPath    
Current assets:    
Goodwill $ 0 $ 15,545,000