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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 1,716 $ 1,520
Short-term investments 18,346 20,830
Grant and other receivables 715 1,934
Prepaid expenses and other current assets 494 416
Total current assets 21,271 24,700
Property and equipment, net 981 1,037
Restricted cash 679 679
Other assets 127 159
Total assets 23,058 26,575
Current liabilities:    
Accounts payable 4,253 2,632
Accrued expenses 4,162 4,757
Deferred revenue 0 970
Current portion of notes payable, net of discount 2,485 0
Total current liabilities 10,900 8,359
Notes payable, net of current portion and discount 17,809 20,103
Deferred rent, net of current portion 6,605 4,644
Commitments and contingencies (Note 8)      
Shareholders’ equity:    
Preferred stock, par value $0.01 per share: Authorized shares-20,000,000 at June 30, 2013 (unaudited) and December 31, 2012; Issued and outstanding shares-none      
Common stock, par value $0.01 per share: Authorized shares-150,000,000 at June 30, 2013 (unaudited) and December 31, 2012; Issued and outstanding shares-29,832,771 and 25,897,483 at June 30, 2013 (unaudited) and December 31, 2012, respectively 298 259
Additional paid-in capital 226,104 207,787
Accumulated deficit (238,658) (214,577)
Total shareholders’ deficit (12,256) (6,531)
Total liabilities and shareholders’ equity $ 23,058 $ 26,575