XML 33 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities:    
Net loss $ (6,404) $ (7,308)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of warrants (5) (2,219)
Depreciation 12 44
Amortization of license agreement 74 73
Stock-based compensation 429 550
Changes in operating assets and liabilities:    
Restricted cash   55
Prepaid expenses and other current assets (41) 62
Accounts payable and accrued expenses (1,003) (234)
Net cash used in operating activities (6,938) (8,977)
Financing activities:    
Proceeds from issuance of common stock, net of issuance costs 3,269 17,019
Net cash provided by financing activities 3,269 17,019
Increase (decrease) in cash and cash equivalents (3,669) 8,042
Cash at beginning of period 9,972 4,602
Cash at end of period 6,303 12,644
Non-cash investing and financing activities:    
Issuance of common stock in connection with the private placement warrant   5,381
Reclassification of CEFF warrants to equity from derivative liability due to exchange   $ 3