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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended 79 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (10,884) $ (9,450) $ (26,728)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 17 14 49
Amortization and write off of deferred financing costs 0 196 250
Non cash interest, consisting of beneficial conversion feature in connection with convertible debentures 0 710 710
Non cash interest, consisting of common stock and warrants issued in connection with convertible debentures 0 426 426
Non-cash financing costs related to January and March 2012 financing 0 81 81
Warrants issued for services rendered 51 0 51
Stock based compensation 1,717 865 3,269
Change in fair value of warrant liability 0 1,177 1,177
Common stock issued in exchange for intellectual property 0 0 383
Gain on extinguishment of debt 0 0 (8)
Changes in operating assets and liabilities:      
Prepaid expenses (204) (122) (429)
Accounts payable (60) 132 766
Accrued interest (3) (32) 3
Accrued expenses 856 293 1,260
Deferred rent payable (7) (3) 19
Net cash used in operating activities (8,517) (5,713) (18,721)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of furniture and fixtures (15) (36) (94)
Payment of restricted cash and interest earned on restricted cash 0 0 (60)
Net cash used in investing activities (15) (36) (154)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from demand notes 0 0 480
Proceeds from other notes payable 0 320 1,020
Proceeds from related party promissory notes 280 0 280
Proceeds from exercise of warrants 4,628 0 4,628
Proceeds, net of expenses of $24 as of December 31, 2011 from Convertible Debentures 0 390 1,891
Repayment of Convertible Debentures 0 (150) (150)
Proceeds, net of expenses of $1,352 (2013) and $506 (2012), from sale of units consisting of common stock and warrants 10,042 6,933 16,975
Proceeds from the sale of capital stock 0 0 1,954
Net cash provided by financing activities 14,950 7,493 27,078
Effect of currency rate change on cash (1) 0 (1)
Net increase in cash 6,417 1,744 8,202
Cash, beginning of the period 1,785 41 0
Cash, end of period 8,202 1,785 8,202
Supplemental disclosures of cash flow information:      
Interest paid 3 35 38
Non cash investing and financing activities:      
Senior convertible notes exchanged for preferred shares 0 0 200
Capital contribution of accrued interest 0 0 27
Demand notes together with accrued interest converted into capital stock 0 0 549
Common stock issued for deferred financing costs 0 0 144
Exchange of Notes Payable for Convertible Debenture 0 320 820
Warrants Liability reclassified to Stockholders' Equity 0 3,939 3,939
Exchange of Convertible Debenture for Units consisting of common stock and warrants $ 0 $ 2,635 $ 2,635