XML 27 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating Activities:    
Net loss $ (9,996) $ (7,336)
Reconciliation of net loss to net cash used in operating activities:    
Change in fair value of warrant liability    (101)
Depreciation and amortization 449 404
Amortization of net premiums on investments 94   
Gain on disposal of property and equipment (17)   
Deferred rent 240 336
Non-cash stock-based compensation 483 587
Changes in operating assets and liabilities:    
Restricted cash 769   
Accounts receivables (1,591) 240
Unbilled receivables (1) 427
Prepaid expenses and other assets 54 183
Accounts payable and accrued expenses (1,590) (517)
Deferred revenue (180)   
Lease incentives received 703 1,557
Net cash used in operating activities (10,583) (4,220)
Investing Activities:    
Capital expenditures (1,542) (772)
Proceeds from disposal of property and equipment 51   
Proceeds from maturities of investments 5,235   
Purchases of investments (8,718) (2,498)
Net cash used in investing activities (4,974) (3,270)
Financing Activities:    
Principal payments of capital lease (14)   
Principal payments of notes payable (39) (13)
Proceeds from notes payable 809 100
Restricted cash (1) (755)
Net proceeds from sales of common stock, net of offering costs of $0.2 million and $0.1 million, respectively 6,425 7,923
Proceeds from the exercise of stock options 1 4
Net cash provided by financing activities 7,181 7,259
Net decrease in cash and cash equivalents (8,376) (231)
Cash and cash equivalents at beginning of period 17,399 14,104
Cash and cash equivalents at end of period 9,023 13,873
Supplemental disclosure of non-cash activities:    
Sale of common stock under the 2012 Sales Agreement not settled at quarter-end 376   
Property and equipment purchases included in accounts payable and accrued expenses 422 224
Deposit applied towards the purchase of laboratory equipment    500
Supplemental disclosure of cash flow information:    
Cash payments of interest $ 20