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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 9,786,000 $ 20,355,000
Accounts receivable 27,000 8,000
Prepaid expenses and other current assets 279,000 171,000
Total current assets 10,092,000 20,534,000
Property and equipment, net of accumulated depreciation of $559,000 and $473,000 as of September 30, 2014 and December 31, 2013, respectively 1,175,000 145,000
Intangible assets    
In process research and development 12,446,000 12,446,000
Patents, net of accumulated amortization of $116,000 and $93,000 as of September 30, 2014 and December 31, 2013, respectively 377,000 400,000
Goodwill 4,329,000 4,329,000
Total intangible assets 17,152,000 17,175,000
Total assets 28,419,000 37,854,000
Current liabilities    
Accounts payable and accrued expenses 1,840,000 2,147,000
Accrued severance 659,000 0
Total current liabilities 2,499,000 2,147,000
Long term liabilities    
Derivative preferred shares conversion liability 7,633,000 34,443,000
Derivative warrants liability 6,949,000 16,664,000
Total long term liabilities 14,582,000 51,107,000
Total liabilities 17,081,000 53,254,000
Stockholders' equity (deficit)    
Preferred stock, $0.01 par value, 10,000,000 shares authorized; 8,671,040 shares issued and outstanding at September 30, 2014 and 8,859,978 shares issued and outstanding at December 31, 2013 87,000 89,000
Common stock, $0.01 par value, 445,000,000 shares authorized, 187,159,093 shares issued and outstanding at September 30, 2014 and 182,535,562 shares issued and outstanding at December 31, 2013 1,872,000 1,825,000
Additional paid-in capital 363,032,000 358,988,000
Paid-in-capital - contingent shares 1,837,000 1,837,000
Accumulated other comprehensive loss (178,000) (65,000)
Accumulated deficit (355,312,000) (378,074,000)
Total stockholders' equity (deficit) 11,338,000 (15,400,000)
Total liabilities and stockholders' equity (deficit) $ 28,419,000 $ 37,854,000