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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 249,227 $ 73,637
Restricted cash 1,500 600
Accounts receivable, net 66,523 45,318
Inventory 57,802 30,260
Prepaid and other current assets 2,945 3,455
Total current assets 377,997 153,270
Property, plant and equipment, net 63 28
Other long-term assets 174 174
Intangible asset, net 7,480 8,126
TOTAL ASSETS 385,714 161,598
Current Liabilities:    
Accounts payable 37,632 25,155
Accrued expenses and other current liabilities 84,171 58,902
Current portion of exchangeable senior notes, net of discount   481
Current portion of long-term debt from royalty-bearing instrument 34,240 22,348
Deferred revenue, current 1,220 1,644
Total current liabilities 157,263 108,530
Long-Term Liabilities:    
Exchangeable senior notes, net of discount   28,992
Long-term debt from royalty-bearing instrument 46,108 70,834
Deferred revenue, long-term 19,490 17,192
Other long-term liabilities 10,523 1,150
Total liabilities 233,384 226,698
Commitments and contingencies (Note 8)
Stockholders’ Equity (Deficit):    
Series A Convertible Preferred Stock, £0.05 par, unlimited authorized; 289,317,460 shares issued and outstanding as of December 31, 2018 (equivalent to 28,931,746 ordinary shares upon future consolidation and redesignation at a 10:1 ratio); 328,184,640 shares issued and outstanding as of December 31, 2017 (equivalent to 32,818,464 ordinary shares upon future consolidation and redesignation at a 10:1 ratio) 21,850 24,364
Common stock, £0.50 par, unlimited authorized; 329,110,863 issued, 325,850,013 outstanding as of December 31, 2018; 272,719,044 issued, 271,022,011 outstanding as of December 31, 2017 246,663 208,768
Additional paid-in capital 1,282,762 977,866
Treasury stock; 3,260,850 shares as of December 31, 2018; 1,697,033 shares as of December 31, 2017 (10,413) (4,229)
Accumulated deficit (1,388,532) (1,271,869)
Total stockholders’ equity (deficit) 152,330 (65,100)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 385,714 $ 161,598