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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net loss$ (11,637)$ (21,863)
Adjustments to reconcile net loss to net cash used in operating activities:  
Compensation related to restricted stock, stock options and employee stock purchase plan6881,644
Depreciation and amortization1,0051,203
Non-cash research and development expense303,790
Non-cash amortization of discount on notes payable and debt issuance costs01,578
Non-cash restructuring expense1,298678
Accretion of restructuring liability9287
Net gain on settlement of liabilities0(29)
Change in fair value of price adjustable warrants and subscription investment units(4,704)(2,691)
Changes in assets and liabilities:  
Accounts receivable4950
Prepaid expenses and other assets372311
Accounts payable(1,012)810
Deferred revenue4800
Accrued expenses and deferred rent and other liabilities(488)855
Accrued restructuring(368)(395)
Net cash used in operating activities(14,195)(13,972)
Investing activities:  
Change in restricted cash(140)(159)
Purchases of property and equipment0(381)
Cash acquired upon acquisition of Cequent Pharmaceuticals05,063
Net cash provided by (used in) investing activities(140)4,523
Financing activities:  
Proceeds from sales of common shares and warrants, net10,7264,943
Proceeds from exercise of warrants, subscription investment units, stock options and employee stock purchase plan purchases3,5872,705
Borrowings on note payable03,000
Payments on notes payable0(1,000)
Net cash provided by financing activities14,3139,648
Net increase (decrease) in cash(22)199
Cash - beginning of year1,066748
Cash - end of period1,044947
Non-cash financing activities:  
Issuance of stock to acquire Cequent Pharmaceuticals and termination of notes payable, accrued interest and warrants issued to Cequent030,337
Issuance of common stock to settle liabilities1,562126
Supplemental disclosure:  
Cash paid for interest$ 0$ 10