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CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended 92 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
OPERATING ACTIVITIES      
Net loss $ (976) $ (3,237) $ (147,368)
Non cash items:      
Deferred tax expense 0 0 770
Depreciation and amortization 24 32 3,966
Non-cash stock compensation 28 67 4,852
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 226 180 1,176
Accounts payable 67 386 (827)
Accrued liabilities (30) (175) (3,005)
Cash flows used in operating activities (661) (2,747) (108,423)
INVESTING ACTIVITIES      
Expenditures for furniture and equipment, net 0 0 (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 0 (282,538)
Maturities of investments 0 0 340,476
Cash flows provided by investing activities 0 0 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     6,947
NET DECREASE IN CASH AND CASH EQUIVALENTS (661) (2,747) (42,290)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 13,778 24,387 55,407
CASH AND CASH EQUIVALENTS, END OF PERIOD 13,117 21,640 13,117
Supplemental Disclosure of Non-Cash Investing Activities -      
Current assets acquired     29
Patents acquired     2,142
Liabilities acquired, and accrued acquisition costs     (457)
Original investment reversal     (750)
In-process research and development acquired     34,311
Common stock issued for acquisition     (31,217)
Cash paid for acquisition $ 0 $ 0 $ 4,058