XML 43 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities:    
Net income (loss) $ (12,280) $ 393
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Non-cash (gain)/loss on debt extinguishment (5) 2,037
Non-cash interest expense 1,007 186
Non-cash gain on settlement of liabilities (321)  
Compensation related to stock options, restricted stock and employee stock purchase plan 260 93
Gain on disposition of property and equipment   (30)
Gain on foreign exchange transactions (1)  
Changes in fair market value of liabilities    
Stock reserved for issuance to settle liabilities 2,503 (313)
Debt Features   (829)
Price adjustable warrants 6,256 (1,832)
Changes in assets and liabilities    
Accounts receivable 5 2
Prepaid expenses and other current assets 73 128
Accounts payable (361) (102)
Deferred revenue   (115)
Accrued interest and other accrued liabilities (501) 587
Accrued restructuring (12) (380)
Net cash used in operating activities (3,377) (175)
Investing activities:    
Change in restricted cash   380
Proceeds from the sale of property and equipment   30
Net cash provided by investing activities   410
Financing activities:    
Proceeds from sales of Series C preferred shares and warrants, net 5,929  
Cash payments of notes payable (250)  
Insurance financing (8) (10)
Net cash provided (used) by financing activities 5,671 (10)
Net increase (decrease) in cash 2,294 225
Cash and cash equivalents - Beginning of period 909 216
Cash and cash equivalents - End of period 3,203 441
Non-cash financing activities:    
Cash paid for interest 83  
Reclassification of fair value liability for price adjustable warrants exercised 1,916  
Issuance of common stock to settle liabilities 3,517  
Debt conversion to common shares 1,479  
Deemed dividend to Series C convertible preferred stockholders $ 6,000