Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		78 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
OPERATING ACTIVITIES
Net loss	$ (2,137)	$ (1,334)	$ (24,926)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt issuance expense	(2)	(25)	(1,972)
Stock-based compensation expense	111	44	1,416
Stock-based compensation expense related to Share Exchange			77
Depreciation and amortization	42	27	384
Loss from disposal of assets			20
Gain on sale of TruePosition investment			(903)
Inventory disposals			139
Changes in operating assets and liabilities
Inventory	(506)		(645)
Other current assets	50	47	(139)
Other assets			(2)
Accounts payable and accrued liabilities	329	8	514
Accrued Interest	(48)
NET CASH USED IN OPERATING ACTIVITIES	(2,157)	(1,183)	(22,093)
INVESTING ACTIVITIES
Purchase of equipment	(5)		(837)
Proceeds from sale of True Position investment			903
Payment received under Rule 16b			4
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	(5)		70
FINANCING ACTIVITIES
Net cash provided in connection with the acquisition of SafeStitch LLC			3,192
Issuance of Common Stock, net of offering costs	8,318		17,280
Issuance of Preferred Stock, net of offering costs			3,980
Capital Contributions			1,431
Proceeds from notes payable			141
Repayment of notes payable		(21)	(141)
Proceeds from stockholders loans	500		5,835
Repayment of stockholders loans	(2,975)		(5,751)
Exercise of options			35
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	5,843	(21)	26,002
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	3,681	(1,204)	3,979
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	298	3,032
CASH AND CASH EQUIVALENTS AT END OF PERIOD	3,979	1,828	3,979
Supplemental disclosures:
Cash paid for interest	91		155
Non cash activities:
Non-cash dividend upon issuance & conversion of Preferred Stock			5,001
Stock dividends			366
Stockholder loans contributed to capital			84
Warrants issued in connection with credit facility			$ 1,985