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STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended 89 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
OPERATING ACTIVITIES      
Net loss $ (9,711) $ (10,871) $ (146,392)
Non cash items:      
Deferred tax expense 0 0 770
Depreciation and amortization 117 135 3,942
Non-cash stock-based compensation 159 275 4,824
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 (115) 1,017 950
Accounts payable (169) (473) (894)
Accrued liabilities (871) (778) (2,975)
Cash flows used in operating activities (10,590) (10,695) (107,762)
INVESTING ACTIVITIES      
Expenditures for furniture and equipment, net (19) (60) (1,044)
Proceeds from sale of assets 0 0 7,000
Cash paid for assets of AzERx/CBI 0 0 (4,058)
Cash paid for patent assignment rights 0 0 (650)
Purchases of investments 0 (25,140) (282,538)
Maturities of investments 0 47,408 340,476
Cash flows provided by investing activities (19) 22,208 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 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (10,609) 11,513 (41,629)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 24,387 12,874 55,407
CASH AND CASH EQUIVALENTS, END OF YEAR 13,778 24,387 13,778
Supplemental Disclosure of Non-Cash Investing Activities      
Current assets acquired 0 0 29
Patents acquired 0 0 2,142
Liabilities acquired, and accrued acquisition costs 0 0 (457)
Original investment reversal 0 0 (750)
In-process research and development acquired 0 0 34,311
Common stock issued for acquisitions 0 0 (31,217)
Cash paid for acquisitions $ 0 $ 0 $ 4,058