Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands	9 Months Ended		73 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
OPERATING ACTIVITIES
Net loss	$ (4,150)	$ (4,042)	$ (21,181)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of deferred finance costs	36	179	1,969
Stock-based compensation expense	240	360	1,210
Stock-based compensation expense related to Share Exchange			77
Depreciation and amortization	100	59	302
Loss from disposal of assets	20		20
Inventory Adjustments		23	53
Gain on sale of TruePosition investment			(903)
Changes in operating assets and liabilities
Inventories	5	(146)	(139)
Other current assets	(8)	53	(169)
Other assets			(2)
Accounts payable and accrued liabilities	194	150	131
Accrued interest	7		7
NET CASH USED IN OPERATING ACTIVITIES	(3,556)	(3,364)	(18,625)
INVESTING ACTIVITIES
Purchase of property and equipment	(199)	(277)	(738)
Proceeds from sale of True Position investment			903
Payment received under Rule 16b			4
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	(199)	(277)	169
FINANCING ACTIVITIES
Net cash provided in connection with the acquisition of SafeStitch LLC			3,192
Issuance of Common Stock, net of offering costs		4,974	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	(49)	(50)	(141)
Proceeds from stockholder loans	1,100		3,960
Repayment of stockholder loans			(2,776)
Exercise of options			35
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	1,051	6,922	18,784
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(2,704)	3,281	328
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	3,032	871
CASH AND CASH EQUIVALENTS AT END OF PERIOD	328	4,152	328
Supplemental disclosures:
Cash paid for interest			64
Non cash activities:
Non-cash dividend upon issuance & conversion of Preferred		4,801	5,001
Stock dividends			366
Stockholder loans contributed to capital			84
Warrants issued in connection with credit facility			$ 1,985