|
Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified
|
Jun. 30, 2012
|
Dec. 31, 2011
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 6,160 |
$ 11,087 |
| Restricted cash |
1,697 |
1,047 |
| Marketable securities |
6,268 |
10,000 |
| Prepaid expenses and other current assets |
514 |
827 |
| Current assets of discontinued operations |
4,151 |
3,511 |
| Total current assets |
18,790 |
26,472 |
| Wireless spectrum licenses, net |
431,391 |
435,522 |
| Property and equipment, net |
907 |
1,313 |
| Other assets |
77 |
362 |
| Total assets |
451,165 |
463,669 |
| Current liabilities: |
|
|
| Accounts payable |
467 |
5 |
| Accrued expenses |
1,447 |
2,328 |
| Current portion of long-term obligations |
1,104,212 |
142,019 |
| Other current liabilities |
10 |
10 |
| Current liabilities of discontinued operations |
709 |
172 |
| Total current liabilities |
1,106,845 |
144,534 |
| Deferred income tax liabilities |
83,735 |
83,334 |
| Long-term obligations, net of current portion |
15,157 |
896,568 |
| Commitments and contingencies |
|
|
| Stockholders' deficit: |
|
|
| Preferred stock, $0.001 par value; 25,000 shares authorized; 355 shares designated as Series A Senior Convertible Preferred Stock; no other shares issued or outstanding |
|
|
| Common stock, $0.007 par value; 57,143 shares authorized; 24,938 shares issued and outstanding at June 30, 2012 and December 31, 2011 |
175 |
175 |
| Additional paid-in-capital |
888,749 |
888,505 |
| Accumulated other comprehensive income |
4,035 |
21,805 |
| Accumulated deficit |
(1,647,531) |
(1,571,252) |
| Total stockholders' deficit |
(754,572) |
(660,767) |
| Total liabilities and stockholders' deficit |
$ 451,165 |
$ 463,669 |