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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 102,257 $ 73,637
Restricted cash 600 600
Accounts receivable, net 50,309 45,318
Inventory, net 40,093 30,260
Prepaid and other current assets 2,878 3,455
Total current assets 196,137 153,270
Property, plant and equipment, net 17 28
Other long-term assets 174 174
Intangible asset, net 7,803 8,126
TOTAL ASSETS 204,131 161,598
Current Liabilities:    
Accounts payable 34,471 25,155
Accrued expenses and other current liabilities 73,753 58,902
Current portion of exchangeable senior notes, net of discount 481 481
Current portion of long-term debt from royalty-bearing instrument 27,876 22,348
Deferred revenue, current 1,056 1,644
Total current liabilities 137,637 108,530
Long-Term Liabilities:    
Exchangeable senior notes, net of discount 29,103 28,992
Long-term debt from royalty-bearing instrument 59,564 70,834
Deferred revenue, long-term 17,750 17,192
Other long-term liabilities 6,764 1,150
Total liabilities 250,818 226,698
Commitments and contingencies (Note 6)
Stockholders’ Deficit:    
Series A Convertible Preferred Stock, £0.05 par, unlimited authorized; 328,184,640 shares issued and outstanding as of June 30, 2018 and December 31, 2017 (equivalent to 32,818,464 ordinary shares upon future consolidation and redesignation at a 10:1 ratio) 24,364 24,364
Common stock, £0.50 par, unlimited authorized; 296,348,903 issued, 293,935,376 outstanding as of June 30, 2018; 272,719,044 issued, 271,022,011 outstanding as of December 31, 2017 225,507 208,768
Additional paid-in capital 1,040,743 977,866
Treasury stock; 2,413,527 shares as of June 30, 2018; 1,697,033 shares as of December 31, 2017 (6,909) (4,229)
Accumulated deficit (1,330,392) (1,271,869)
Total stockholders’ deficit (46,687) (65,100)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 204,131 $ 161,598