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CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended87 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
OPERATING ACTIVITIES   
Net loss$ (7,022)$ (8,455)$ (143,703)
Non cash items:   
Deferred tax expense00770
Depreciation and amortization901013,915
Non-cash stock compensation1331904,798
Gain on sale of bone device business00(2,298)
In-process research and development0034,311
Change in other operating items:   
Interest, income taxes and other current assets4341,2411,499
Accounts payable91(327)(634)
Accrued liabilities(486)(672)(2,590)
Cash flows used in operating activities(6,760)(7,922)(103,932)
INVESTING ACTIVITIES   
Expenditures for furniture and equipment, net(19)(60)(1,044)
Proceeds from sale of assets007,000
Cash paid for assets of AzERx/CBI  (4,058)
Cash paid for patent assignment rights00(650)
Purchases of investments0(25,140)(282,538)
Maturities of investments031,941340,476
Cash flows (used in) provided by investing activities(19)6,74159,186
FINANCING ACTIVITIES   
Net proceeds from stock option exercises004,612
Net proceeds from sale of stock003,376
Common stock purchases00(1,041)
Cash flows provided by financing activities006,947
NET DECREASE IN CASH AND CASH EQUIVALENTS(6,779)(1,181)(37,799)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD24,38712,87455,407
CASH AND CASH EQUIVALENTS, END OF PERIOD$ 17,608$ 11,693$ 17,608