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Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2018
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The purchase price was calculated as follows (in thousands):
Fair value of the Company's pre-Merger shares outstanding | $ | 12,487 |
Estimated fair value of the Company's pre-Merger stock options outstanding | 32 |
Total purchase price | $ | 12,519 |
The following table summarizes the allocation of the purchase price to the assets acquired and liabilities assumed as of the acquisition date (in thousands):
Assets acquired: |
Cash | $ | 1,812 |
Restricted cash | 10,346 |
Prepaid expenses and other assets | 3,103 |
Intangible assets | 17,600 |
Goodwill | 1,914 |
Total assets acquired | $ | 34,775 |
Liabilities assumed: |  |
Accounts payable and accrued expenses | $ | 5,692 |
Litigation settlement | 1,300 |
Long-term debt | 10,988 |
Contingent purchase price consideration of Apthera, Inc. | 1,294 |
Warrant liability | 1,309 |
Deferred tax liability | 1,673 |
Total liabilities assumed | $ | 22,256 |
Net assets acquired | $ | 12,519 |
Summary of Pro Forma Information | The following summary pro forma consolidated financial information reflects the Merger with Galena as if it had occurred on January 1, 2017 for purposes of the statements of operations. This summary pro forma information is not necessarily representative of what the Company’s results of operations would have been had the Merger in fact occurred on January 1, 2017, and is not intended to project the Company’s results of operations for any future period.
|  | Year Ended December 31, 2017
Net loss (in thousands) |  | $ | (24,089 | )
Basic and diluted net loss per share |  | $ | 5.15 |

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