XML 28 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating Activities:    
Net loss $ (7,336) $ (7,453)
Reconciliation of net loss to net cash used in operating activities:    
Change in fair value of warrant liability (101) 67
Depreciation and amortization 404 389
Amortization of net premiums on short-term investments   150
Deferred rent 336 (83)
Non-cash stock-based compensation 587 432
Changes in operating assets and liabilities:    
Accounts receivables 240 37
Unbilled receivables 427 (834)
Prepaid expenses and other assets 183 (95)
Accounts payable and accrued expenses 40 (1,651)
Lease incentives received 1,000  
Net cash used in operating activities (4,220) (9,041)
Investing Activities:    
Capital expenditures (772) (41)
Proceeds from maturities of short-term investments   8,525
Purchases of short-term investments (2,498) (499)
Net cash (used in) provided by investing activities (3,270) 7,985
Financing Activities:    
Principal payments of notes payable (13) (20)
Proceeds from notes payable 100  
Restricted cash (755)  
Net proceeds from sales of common stock, net of offering costs of $0.1 million and less than $0.1 million, respectively 7,923 1,317
Proceeds from the exercise of stock options 4 56
Net cash provided by financing activities 7,259 1,353
Net (decrease) increase in cash and cash equivalents (231) 297
Cash and cash equivalents at beginning of period 14,104 8,061
Cash and cash equivalents at end of period 13,873 8,358
Supplemental disclosure of non-cash activities:    
Deposit included in other current assets at December 31, 2011 applied towards the purchase of laboratory equipment 500  
Equipment purchases included in accounts payable and accrued expenses $ 224