INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Schedule Of Provision For Income Taxes [Table Text Block]

The components of deferred income taxes at December 31 are as follows (in thousands):

	December 31,
	2012			2011
Accruals and reserves	$	1		$	2
Valuation allowance		(1	)		(2	)
Total current		-			-
NOL, AMT and general business credit carryforwards		55,039			53,801
Difference in basis of fixed assets		114			93
Accruals and reserves		522			898
Difference in basis of intangibles		13			443
Valuation allowance		(55,688	)		(55,235	)
Total non current		-			-
Total deferred income taxes	$	-		$	-

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of the income tax provision (benefit) are as follows (in thousands):

						As a
						Development
						Stage Company
	Years Ended December 31					August 5, 2004 -
	2012		2011			December 31, 2012
Provision (benefit) for income taxes
Current	$	-	$	(158	)	$	(2,461	)
Deferred		-		-			1,106
Income tax provision (benefit)	$	-	$	(158	)	$	(1,355	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the difference between the provision (benefit) for income taxes and income taxes at the statutory U.S. federal income tax rate is as follows for the years ended December 31, 2012 and 2011 and for the period of August 5, 2004 through December 31, 2012 (in thousands):

							As a
							Development
							Stage Company
	Years Ended December 31						August 5, 2004 -
	2012			2011			December 31, 2012
Income tax provision (benefit) at statutory rate	$	(1,217	)	$	(3,356	)	$	(52,198	)
State income taxes		(165	)		(454	)		(5,958	)
Purchased in-process research and development		-			-			12,533
Research credits		9			(366	)		(5,938	)
Change in uncertain tax position reserve		-			-			(363	)
Expiration of state NOL		450			867			3,481
Other		472			118			2,021
Change in valuation allowance		451			3,033			45,067
Net provision (benefit)	$	-		$	(158	)	$	(1,355	)