Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended		84 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012
OPERATING ACTIVITIES
Net loss	$ (5,516)	$ (4,150)	$ (28,305)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of deferred finance cost	7	36	1,977
Stock-based compensation expense	337	240	1,642
Stock-based compensation expense related to Share Exchange			77
Depreciation and amortization	127	100	469
Loss from disposal of assets		20	20
Inventory Adjustments			139
Gain on sale of True Position investment			(903)
Changes in operating assets and liabilities
Inventories	(1,687)	5	(1,826)
Other current assets	72	(8)	(117)
Other assets			(2)
Accounts payable and accrued liabilities	391	194	576
Accrued Interest	(48)	7
NET CASH USED IN OPERATING ACTIVITIES	(6,317)	(3,556)	(26,253)
INVESTING ACTIVITIES
Purchase of equipment	(6)	(199)	(838)
Proceeds from sale of True Position investment			903
Payment received under Rule 16b			4
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	(6)	(199)	69
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		(49)	(141)
Proceeds from stockholder loans	800	1,100	6,135
Repayment of stockholder loans	(2,975)		(5,751)
Exercise of options			35
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	6,143	1,051	26,302
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	180	(2,704)	118
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	298	3,032
CASH AND CASH EQUIVALENTS AT END OF PERIOD	118	328	118
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