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CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 16,435,000 $ 20,355,000
Accounts receivable 12,000 8,000
Prepaid expenses and other current assets 280,000 171,000
Total current assets 16,727,000 20,534,000
Property and equipment, net of accumulated depreciation of $491,000 and $473,000 as of March 31, 2014 and December 31, 2013, respectively 356,000 145,000
In process research and development 12,939,000 12,939,000
Goodwill 4,329,000 4,329,000
Total assets 34,351,000 37,947,000
Current liabilities    
Accounts payable and accrued expenses 879,000 2,147,000
Total current liabilities 879,000 2,147,000
Long term liabilities    
Derivative preferred shares conversion liability 38,807,000 33,510,000
Derivative warrants liability 18,772,000 16,511,000
Total long term liabilities 57,579,000 50,021,000
Total liabilities 58,458,000 52,168,000
Stockholders’ equity (deficit)    
Preferred stock, $0.01 par value, 10,000,000 shares authorized; 8,859,978 shares issued and outstanding at March 31, 2014 and December 31, 2013 89,000 89,000
Common stock, $0.01 par value, 445,000,000 shares authorized, 182,535,562 shares issued and outstanding at March 31, 2014 and December 31, 2013 1,825,000 1,825,000
Additional paid-in capital 367,044,000 366,782,000
Paid-in-capital - contingent shares 1,837,000 1,837,000
Accumulated other comprehensive loss (69,000) (65,000)
Accumulated deficit (394,833,000) (384,689,000)
Total stockholders’ equity (deficit) (24,107,000) (14,221,000)
Total liabilities and stockholders’ equity (deficit) $ 34,351,000 $ 37,947,000