XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 52,427 $ 47,787
Restricted cash 200 200
Accounts Receivable, Net, Current 1,466 3,683
Inventories 358 386
Prepaid expenses 1,328 1,399
Total current assets 55,779 53,455
Equipment and furnishings, net 653 665
In-process research and development 12,864 12,864
Abstral rights 14,882 14,979
GALE-401 rights 2,110 0
Goodwill 5,898 5,898
Deposits and other assets 104 115
Total assets 92,290 87,976
Current liabilities:    
Accounts payable 1,574 2,660
Accrued expense and other current liabilities 9,793 8,667
Current maturities of capital lease obligations 6 6
Fair value of warrants potentially settleable in cash 12,365 48,965
Current portion of long-term debt 3,102 2,149
Total current liabilities 26,840 62,447
Capital lease obligations, net of current maturities 23 26
Deferred tax liability, non-current 5,053 5,053
Contingent purchase price consideration, net of current portion 6,987 6,821
Long-term debt, net of current portion 6,883 7,743
Total liabilities 45,786 82,090
Commitments and contingencies      
Stockholders' equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding      
Common stock, $0.0001 par value; 200,000,000 shares authorized, 118,700,812 shares issued and 118,025,812 shares outstanding at March 31, 2014; 110,100,701 shares issued and 109,425,701 outstanding at December 31, 2013 11 10
Additional paid-in capital 231,753 188,600
Accumulated deficit 181,411 178,875
Less treasury shares at cost, 675,000 shares (3,849) (3,849)
Total stockholders' equity 46,504 5,886
Total liabilities and stockholders' equity $ 92,290 $ 87,976