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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Assets    
Cash and cash equivalents $ 33,269 $ 39,490
Certificates of deposit 2,490 2,490
Prepaid expenses 292 409
State research and development credit receivable 247 202
Interest receivable 2 1
Other receivables 918 196
Total current assets 37,218 42,788
Leasehold improvements and equipment:    
Leasehold improvements 4,873 4,459
Computer equipment 744 710
Lab equipment 3,629 3,333
Total leasehold improvements and equipment 9,246 8,502
Less accumulated depreciation and amortization (3,017) (2,911)
Leasehold improvements and equipment, net 6,229 5,591
Total assets 43,447 48,379
Liabilities and Equity    
Accounts payable 803 1,670
Accrued expenses 1,226 1,867
Deferred rent 65 913
Notes payable to Iowa Department of Economic Development 0 6,000
Obligations under capital leases 123 121
Current portion of long term debt 93 93
Total current liabilities 2,310 10,664
Long term liabilities:    
Obligations under capital leases 61 94
Deferred rent 1,454 0
Total long-term liabilities 8,339 942
Total liabilities 10,649 11,606
Equity (deficit):    
Common stock, $0.01 par value: Authorized shares — 38,833,334 at March 31, 2012, and December 31, 2011; issued and outstanding shares — 20,672,029 at March 31, 2012, and 20,591,240 at December 31, 2011 207 206
Additional paid-in capital 118,909 118,043
Deficit accumulated during the development stage (86,318) (81,476)
Total deficit 32,798 36,773
Commitments      
Total liabilities and equity 43,447 48,379
Blank Check Preferred Stock [Member]
   
Equity (deficit):    
Preferred stock 0 0
Iowa Economic Development Authority [Member]
   
Long term liabilities:    
Royalty obligation payable to Iowa Economic Development Authority 6,000 0
Iowa State University Research Park [Member]
   
Long term liabilities:    
Notes payable 524 548
City of Ames [Member]
   
Long term liabilities:    
Notes payable $ 300 $ 300