Note 17 — Quarterly Financial Information (Unaudited)

The Company’s unaudited quarterly information for the years ended December 31, 2011 and 2010 is as follows:


	Quarter Ended
	March 31			June 30			September 30			December 31
	(in thousands, except per share data)
2011:
Revenue	$	834		$	3,001		$	5,008		$	5,845
Net loss	$	(7,453	)	$	(4,993	)	$	(3,212	)	$	(3,705	)
Net loss per share	$	(0.07	)	$	(0.04	)	$	(0.03	)	$	(0.03	)


	Quarter Ended
	March 31			June 30			September 30			December 31
	(in thousands, except per share data)
2010:
Revenue	$	110		$	7		$	175		$	51
Net loss	$	(10,343	)	$	(8,857	)	$	(10,222	)	$	(6,286	)
Net loss per share	$	(0.10	)	$	(0.09	)	$	(0.10	)	$	(0.06	)

The net income (loss) per share was calculated for each three-month period on a stand-alone basis. As a result, the sum of the net income (loss) per share for the four quarters may not equal the net income (loss) per share for the respective twelve-month period.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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