Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents (Note 2) $ 37,280 $ 441
Accounts receivable, net (Note 2) 1,835 5,770
Inventory (Note 2) 1,966 2,736
Prepaid expenses and other current assets (Note 2) 849 680
Assets held for sale (Note 3) 294
Total current assets 42,224 9,627
Property, plant and equipment, net of accumulated depreciation of $5,274 and $5,134, respectively (Note 2) 2,875 3,175
Escrow receivable 5,000
Total assets 50,099 12,802
LIABILITIES    
Secured promissory notes, net (Note 4) 1,490
Accounts payable 916 2,156
Accrued advertising and other allowances (Note 2) 1,551 2,805
Other current liabilities 289 389
Due to Mylan, Inc. and affiliates (Note 3) 717
Total current liabilities 3,473 6,840
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY    
Preferred stock, authorized 1,000,000, $.0005 par value, no shares issued (Note 5)
Common stock, $.0005 par value; authorized 50,000,000; issued: 26,454,593 and 26,313,593 shares, respectively (Note 5) 13 13
Additional paid-in-capital 56,567 56,378
Retained earnings (Accumulated deficit) 22,646 (19,687)
Treasury stock, at cost, 10,294,797 and 9,232,817 shares (Note 5) (32,600) (30,742)
Total stockholders' equity 46,626 5,962
Total liabilities and stockholders' equity $ 50,099 $ 12,802