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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net (loss) $ (9,902)us-gaap_NetIncomeLoss $ (27,608)us-gaap_NetIncomeLoss $ (26,924)us-gaap_NetIncomeLoss
Adjustments to reconcile net (loss) to net cash used in operating activities:      
Depreciation and amortization 25us-gaap_DepreciationDepletionAndAmortization 36us-gaap_DepreciationDepletionAndAmortization 71us-gaap_DepreciationDepletionAndAmortization
Stock-based compensation 8,189us-gaap_ShareBasedCompensation 7,563us-gaap_ShareBasedCompensation 6,162us-gaap_ShareBasedCompensation
Net change in deferred taxes 0us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 0us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 3,158us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Change in value of derivative liability (2,238)us-gaap_UnrealizedGainLossOnDerivatives (1,608)us-gaap_UnrealizedGainLossOnDerivatives 927us-gaap_UnrealizedGainLossOnDerivatives
Changes in assets and liabilities:      
Prepaid expenses and other current assets (296)us-gaap_IncreaseDecreaseInOtherCurrentAssets (243)us-gaap_IncreaseDecreaseInOtherCurrentAssets (23)us-gaap_IncreaseDecreaseInOtherCurrentAssets
Prepaid expenses - Non-current (3,144)vhc_IncreaseDecreaseInPrepaidExpenseNoncurrent 0vhc_IncreaseDecreaseInPrepaidExpenseNoncurrent 0vhc_IncreaseDecreaseInPrepaidExpenseNoncurrent
Prepaid taxes 0us-gaap_IncreaseDecreaseInPrepaidTaxes 14,963us-gaap_IncreaseDecreaseInPrepaidTaxes (4,934)us-gaap_IncreaseDecreaseInPrepaidTaxes
Deferred revenue 1,333us-gaap_IncreaseDecreaseInDeferredRevenue 667us-gaap_IncreaseDecreaseInDeferredRevenue 0us-gaap_IncreaseDecreaseInDeferredRevenue
Accounts payable and accrued liabilities 1,806us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (1,449)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 1,970us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Royalty payable 6,100us-gaap_IncreaseDecreaseInRoyaltiesPayable 0us-gaap_IncreaseDecreaseInRoyaltiesPayable 0us-gaap_IncreaseDecreaseInRoyaltiesPayable
Related-party payable 81us-gaap_IncreaseDecreaseInDueToRelatedParties 0us-gaap_IncreaseDecreaseInDueToRelatedParties 0us-gaap_IncreaseDecreaseInDueToRelatedParties
Income tax liability 13us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 395us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 0us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Net cash provided by (used in) operating activities 1,967us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (7,284)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (19,593)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:      
Purchase of property and equipment (35)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (7)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (37)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of investments (45,500)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (92,729)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (59,342)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Proceeds from sale or maturity of investments 42,766us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 99,362us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 47,299us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities
Net cash provided by (used in) investing activities (2,769)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 6,626us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (12,080)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:      
Proceeds from exercise of options 278us-gaap_ProceedsFromStockOptionsExercised 170us-gaap_ProceedsFromStockOptionsExercised 1,691us-gaap_ProceedsFromStockOptionsExercised
Proceeds from exercise of warrants 9us-gaap_ProceedsFromWarrantExercises 0us-gaap_ProceedsFromWarrantExercises 161us-gaap_ProceedsFromWarrantExercises
Net cash provided by financing activities 287us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 170us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 1,852us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net decrease in cash and cash equivalents (515)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (488)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (29,821)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 19,173us-gaap_CashAndCashEquivalentsAtCarryingValue 19,661us-gaap_CashAndCashEquivalentsAtCarryingValue 49,482us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year 18,658us-gaap_CashAndCashEquivalentsAtCarryingValue 19,173us-gaap_CashAndCashEquivalentsAtCarryingValue 19,661us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:      
Cash paid during the year for taxes 2us-gaap_IncomeTaxesPaid 0us-gaap_IncomeTaxesPaid 0us-gaap_IncomeTaxesPaid
Cash paid during the year for interest $ 0us-gaap_InterestPaid $ 0us-gaap_InterestPaid $ 0us-gaap_InterestPaid