XML 31 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended 118 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Cash flows from operating activities:      
Net loss $ (31,491) $ (48,083) $ (315,215)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 396 265 2,970
Stock-based compensation 1,673 2,290 21,854
Change in fair value of warrants (10,385) 6,461 (21,156)
Loss on disposal of fixed assets     57
Common stock issued in exchange for in-process research and development     36,151
(Increase) decrease in:      
Receivables 27 79 (31)
Prepaid expenses and other current assets 2,845 (7,738) (4,067)
Other noncurrent assets 269 (53) (732)
Deposits 4 (41) (130)
Increase (decrease) in:      
Accounts payable (344) (258) 1,165
Accrued expenses 2,453 4,681 18,969
Deferred revenue (400) (400) 3,133
Deferred rent (11) 172 428
Net cash used in operating activities (34,964) (42,625) (256,604)
Cash flows from investing activities:      
Purchases of property and equipment (115) (1,107) (4,741)
Proceeds from sale of property and equipment     1
Net cash used in investing activities (115) (1,107) (4,740)
Cash flows from financing activities:      
Stockholders' capital contribution     500
Proceeds from exercise of stock options 854 30 2,227
Payments to employees for repurchase of common stock (250)   (3,117)
Proceeds from exercise of warrants 101 210 13,180
Proceeds from issuance of common stock and warrants, net   49,170 270,726
Proceeds from issuance of preferred stock, net     16,760
Net cash provided by financing activities 705 49,410 300,276
Net increase (decrease) in cash and cash equivalents (34,374) 5,678 38,932
Cash and cash equivalents, beginning of period 73,306 104,713  
Cash and cash equivalents, end of period 38,932 110,391 38,932
Supplementary disclosure of cash flow information:      
Cash paid for interest         
Cash paid for income taxes         
Supplementary disclosure of noncash investing and financing activities:      
Warrants issued to placement agents and investors     47,276
Exercise of liability-classified warrants to common shares   412 352
Convertible Preferred Stock
     
Supplementary disclosure of noncash investing and financing activities:      
Preferred stock conversion/exercise of equity-classified warrants to common stock     16,760
Warrant Exercise
     
Supplementary disclosure of noncash investing and financing activities:      
Preferred stock conversion/exercise of equity-classified warrants to common stock $ 72 $ 166 $ 9,396