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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended 87 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
OPERATING ACTIVITIES      
Net loss $ (6,724) $ (5,758) $ (29,513)
Adjustments to reconcile net loss to net cash used in operating activities:      
Amortization of deferred finance costs 14 37 1,984
Stock-based compensation expense 448 335 1,753
Stock-based compensation expense related to Share Exchange     77
Depreciation and amortization 167 140 509
Loss from disposal of assets   20 20
Gain on sale of TruePosition investment     (903)
Inventory disposals 198 86 337
Changes in operating assets and liabilities      
Other current assets (2) (28) (191)
Inventory (1,798) 5 (1,937)
Other assets     (2)
Accounts payable and accrued liabilities 794 248 979
Accrued interest (36) 48 12
NET CASH USED IN OPERATING ACTIVITIES (6,939) (4,867) (26,875)
INVESTING ACTIVITIES      
Purchase of equipment (29) (293) (861)
Proceeds from sale of TruePosition investment     903
Payment received under Rule 16b     4
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (29) (293) 47
FINANCING ACTIVITIES      
Net cash provided in connection with the acquisition of SafeStitch LLC     3,192
Issuance of Common Stock, net of offering costs 8,319   17,281
Issuance of Common Stock from warrants 201   201
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 stockholders loans 1,400 2,475 6,735
Repayment of stockholders loans (2,975)   (5,751)
Exercise of warrants 201   201
Exercise of options     35
NET CASH PROVIDED BY FINANCING ACTIVITIES 6,944 2,426 27,103
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (23) (2,734) 275
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 298 3,032  
CASH AND CASH EQUIVALENTS AT END OF PERIOD 275 298 275
Supplemental disclosures:      
Cash paid for interest 92   156
Non cash activities:      
Non-cash dividend upon issuance and conversion of Preferred Stock     5,001
Dividends     366
Stockholder loans contributed to capital     84
Warrants issued in connection with credit facility     $ 1,985