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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities      
Net loss $ (41,374) $ (59,664) $ (6,434)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 561 343 54
Stock based compensation expense 2,981 1,599 366
Gain on sale of asset, net (5) (1) 0
Gain on sale of short-term investments, net (833) 0 0
Impairment loss 0 25,990 0
Amortization of debt discount and debt issuance costs 236 0 0
Accrual of the end of term charge on the debt 44 0 0
Changes in operating assets and liabilities:      
Accounts receivable 757 (286) 19
Income tax receivable 0 0 2,023
Prepaid expenses and other assets (180) (214) (78)
Accounts payable 4,726 884 (2,750)
Accrued expenses and deferred rent 922 667 (1,127)
Accrued lease expenses (259) 1,201 0
Accrued compensation 1,412 (322) 201
Deferred revenue 0 (402) 4
Net cash used in operating activities (31,012) (30,205) (7,722)
Investing activities      
Cash consideration for merger, net of cash acquired 0 0 (6,733)
Purchase of fixed assets (290) (979) 0
Proceeds from sale of asset 5 0 0
Sales of short-term investments 81,464 36,500 115,153
Purchases of short-term investments (19,657) (1,161) (102,462)
Net cash provided by investing activities 61,522 34,360 5,958
Financing activities      
Payments on capital lease obligations (120) (82) (6)
Proceeds from issuance of debt 20,000 0 0
Repayment of convertible notes 0 0 (231)
Proceeds from issuance of common stock, net of issuance costs 25,658 0 0
Proceeds from exercise of stock options 214 32 0
Payment of debt issuance costs (328) 0 0
Other 0 0 4
Net cash provided by (used in) financing activities 45,424 (50) (233)
Increase (decrease) in cash and cash equivalents 75,934 4,105 (1,997)
Cash and cash equivalents at beginning of period 14,848 10,743 12,740
Cash and cash equivalents at end of period 90,782 14,848 10,743
Supplemental disclosures of cash flow information:      
Cash paid for interest 398 10 0
Cash received for taxes, net 0 0 (1,884)
Supplemental disclosures of non-cash investing and financing activities:      
Capital lease obligations incurred 0 198 0
Unrealized (gain) loss on investments (450) (543) 548
Accretion of beneficial conversion charge 0 (9,175) 0
Fair value of warrant granted in connection with debt financing 790 0 0
Conversion of Series B preferred stock into common stock 0 918 0
Issuance of common stock upon merger 0 0 18,419
Issuance of preferred stock upon merger $ 0 $ 0 $ 56,026