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STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating Activities:    
Net loss $ (20,472) $ (15,659)
Reconciliation of net loss to net cash used in operating activities:    
Change in fair value of warrant liability 401 (1,973)
Depreciation and amortization 1,216 1,197
Amortization of net premiums on short-term investments    317
Impairment of property and equipment    60
Gain on disposal of property and equipment (26)   
Deferred rent 436 (254)
Non-cash stock-based compensation 1,668 1,677
Changes in operating assets and liabilities:    
Accounts receivables (504) 37
Unbilled receivables 111 (3,848)
Prepaid expenses and other assets (271) (1,127)
Accounts payable and accrued expenses (304) (3,687)
Deferred revenue 803 2,500
Lease incentives received 2,803   
Net cash used in operating activities (14,139) (20,760)
Investing Activities:    
Capital expenditures (2,202) (414)
Proceeds from disposal of property and equipment 318   
Proceeds from maturities of short-term investments 2,500 20,235
Purchases of short-term investments (15,763) (2,082)
Net cash (used in) provided by investing activities (15,147) 17,739
Financing Activities:    
Principal payments of capital lease (90)   
Principal payments of notes payable (20) (60)
Proceeds from notes payable 650   
Restricted cash (1,594)   
Net proceeds from sales of common stock, net of offering costs of $0.4 million and $0.2 million, respectively 26,925 9,182
Proceeds from the exercise of stock options 49 156
Net cash provided by financing activities 25,920 9,278
Net (decrease) increase in cash and cash equivalents (3,366) 6,257
Cash and cash equivalents at beginning of period 14,104 8,061
Cash and cash equivalents at end of period 10,738 14,318
Supplemental disclosure of non-cash activities:    
Equipment acquired under a capital lease 399   
Deposit applied towards the purchase of laboratory equipment 500   
Property and equipment purchases included in accounts payable and accrued expenses 1,365 168
Settlement of notes receivable    $ 1,522