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Selected Quarterly Information
12 Months Ended
Dec. 31, 2011
SELECTED QUARTERLY FINANCIAL DATA (unaudited) [Abstract]  
Quarterly Financial Information [Text Block]
SELECTED QUARTERLY FINANCIAL DATA (unaudited)
The following table presents selected unaudited Statements of Operations and Balance Sheet information for each of the quarters in the years ended December 31, 2011 and 2010 (in thousands, except per share data):
Selected Statements of Operations information:
 
 
For the Quarter Ended
Year Ended December 31, 2011
 
December 31
 
September 30
 
June 30
 
March 31
Revenue
 
$
751

 
$
989

 
$
1,027

 
$
1,184

Research and Development Expense
 
4,681

 
4,145

 
6,701

 
8,595

Selling, General and Administrative Expense
 
1,511

 
1,524

 
1,642

 
2,454

Impairment Loss
 

 

 
78,000

 

Loss from Operations
 
(5,441
)
 
(4,680
)
 
(85,316
)
 
(9,865
)
Net Loss
 
(5,557
)
 
(5,363
)
 
(85,169
)
 
(9,655
)
Basic and diluted loss per share
 
$
(0.14
)
 
$
(0.15
)
 
$
(2.63
)
 
$
(0.30
)
Selected Balance Sheet information:
 
 
 
 
 
 
 
 
 
 
For the Quarter Ended
Year Ended December 31, 2011
 
December 31
 
September 30
 
June 30
 
March 31
Current Assets
 
$
27,113

 
$
31,094

 
$
29,275

 
$
35,532

Total Assets
 
61,425

 
66,447

 
69,096

 
153,502

Current Liabilities
 
4,780

 
4,780

 
9,423

 
8,951

Working Capital
 
22,333

 
26,314

 
19,852

 
26,581

Long-Term Obligations
 
6,642

 
6,704

 
6,763

 
6,823

Stockholders’ Equity
 
50,003

 
54,963

 
52,910

 
137,728

Selected Statements of Operations information:
 
 
 
 
 
 
 
 
 
 
For the Quarter Ended
Year Ended December 31, 2010
 
December 31
 
September 30
 
June 30
 
March 31
Revenue
 
$
1,196

 
$
623

 
$
446

 
$
216

Research and Development Expense
 
7,450

 
6,418

 
5,928

 
4,558

Selling, General and Administrative Expense
 
1,650

 
1,754

 
1,919

 
2,131

Impairment Loss
 
1,769

 

 

 

Loss from Operations
 
(9,673
)
 
(7,549
)
 
(7,401
)
 
(6,473
)
Net Loss
 
(9,757
)
 
(7,181
)
 
(7,692
)
 
(6,604
)
Basic and diluted loss per share
 
$
(0.33
)
 
$
(0.27
)
 
$
(0.29
)
 
$
(0.25
)
Selected Balance Sheet information:
 
 
 
 
 
 
 
 
 
 
For the Quarter Ended
Year Ended December 31, 2010
 
December 31
 
September 30
 
June 30
 
March 31
Current Assets
 
$
47,664

 
$
37,560

 
$
42,968

 
$
52,470

Total Assets
 
160,021

 
148,020

 
154,498

 
164,510

Current Liabilities
 
6,176

 
5,647

 
5,493

 
8,440

Working Capital
 
41,488

 
31,913

 
37,475

 
44,030

Long-Term Obligations
 
7,279

 
7,323

 
7,381

 
7,439

Stockholders’ Equity
 
146,566

 
135,051

 
141,624

 
148,632