INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

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,
	2013		2012
Accruals and reserves	$	1	$	1
Valuation allowance		(1)		(1)
Total current		-		-
NOL, AMT and general business
credit carryforwards		56,050		55,039
Difference in basis of fixed assets		3		114
Accruals and reserves		274		522
Difference in basis of intangibles		13		13
Valuation allowance		(56,340)		(55,688)
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):

	Years Ended December 31				As a Development Stage Company August 5, 2004 -
	2013		2012		December 31, 2013
Provision (benefit) for income taxes
Current	$	(21)	$	-	$	(2,482)
Deferred		-		-		1,106
Income tax provision (benefit)	$	(21)	$	-	$	(1,376)

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, 2013 and 2012 and for the period of August 5, 2004 through December 31, 2013 (in thousands):

					As a
					Development
					Stage Company
	Years Ended December 31				August 5, 2004 -
	2013		2012		December 31, 2013
Income tax provision (benefit) at statutory rate	$	(1,333)	$	(1,217)	$	(53,531)
State income taxes		(138)		(165)		(6,096)
Purchased in-process research and development		-		-		12,533
Research credits		(74)		9		(6,013)
Change in uncertain tax position reserve		-		-		(363)
Expiration of state NOL		548		450		4,029
Other		324		472		2,345
Change in valuation allowance		652		451		45,720
Net provision (benefit)	$	(21)	$	-	$	(1,376)