Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands	6 Months Ended		70 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011
OPERATING ACTIVITIES
Net loss	$ (2,657)	$ (2,278)	$ (19,688)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of deferred finance costs	31	153	1,964
Stock-based compensation expense	142	240	1,112
Stock-based compensation expense related to Share Exchange			77
Depreciation and amortization	57	30	259
Loss from disposal of assets	20		20
Inventory Adjustments			53
Gain on sale of True Position investment			(903)
Changes in operating assets and liabilities
Inventories		(161)	(144)
Other current assets	(30)	(35)	(191)
Other assets			(2)
Accounts payable and accrued liabilities	126	449	63
NET CASH USED IN OPERATING ACTIVITIES	(2,311)	(1,602)	(17,380)
INVESTING ACTIVITIES
Purchase of equipment	(85)	(270)	(624)
Proceeds from sale of True Position investment			903
Payment received under Rule 16b			4
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	(85)	(270)	283
FINANCING ACTIVITIES
Net cash provided in connection with the acquisition of SafeStitch LLC			3,192
Issuance of Common Stock, net of offering costs		4,975	8,962
Issuance of Preferred Stock, net of offering costs		1,998	3,980
Capital contributions			1,431
Proceeds from notes payable			141
Repayment of notes payable	(42)	(43)	(134)
Proceeds from stockholder loans			2,860
Repayment of stockholder loans			(2,776)
Exercise of options			35
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(42)	6,930	17,691
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(2,438)	5,058	594
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	3,032	871
CASH AND CASH EQUIVALENTS AT END OF PERIOD	594	5,929	594
Supplemental disclosures:
Cash paid for interest			64
Non cash activities:
Non-cash dividend upon issuance & conversion of Preferred			5,001
Stock dividends			366
Stockholder loans contributed to capital			84
Warrants issued in connection with credit facility			$ 1,985