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CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended 84 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
OPERATING ACTIVITIES      
Net loss $ (5,406) $ (5,874) $ (142,087)
Non cash items:      
Deferred tax expense 0 0 770
Depreciation and amortization 63 67 3,888
Non-cash stock compensation 107 156 4,772
Gain on sale of bone device business 0 0 (2,298)
In-process research and development 0 0 34,311
Change in other operating items:      
Interest, income taxes and other current assets 473 1,189 1,538
Accounts payable 139 (157) (586)
Accrued liabilities (136) (481) (2,240)
Cash flows used in operating activities (4,760) (5,100) (101,932)
INVESTING ACTIVITIES      
Expenditures for furniture and equipment, net (19) (38) (1,044)
Proceeds from sale of assets 0 0 7,000
Cash paid for assets of AzERx/CBI     (4,058)
Cash paid for patent assignment rights 0 0 (650)
Purchases of investments 0 (21,334) (282,538)
Maturities of investments 0 22,729 340,476
Cash flows (used in) provided by investing activities (19) 1,357 59,186
FINANCING ACTIVITIES      
Net proceeds from stock option exercises 0 0 4,612
Net proceeds from sale of stock 0 0 3,376
Common stock purchases 0 0 (1,041)
Cash flows provided by financing activities 0 0 6,947
NET DECREASE IN CASH AND CASH EQUIVALENTS (4,779) (3,743) (35,799)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 24,387 12,874 55,407
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 19,608 $ 9,131 $ 19,608