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STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended 85 Months Ended
Sep. 30, 2010
Sep. 30, 2009
Sep. 30, 2010
Cash flows from operating activities:      
Net loss $ (20,819) $ (8,613) $ (111,963)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 153 252 1,614
Stock-based compensation 3,198 1,264 12,103
Change in fair value of warrants 2,663 520 (3,365)
Loss on disposal of fixed assets     9
(Increase) decrease in:      
Prepaid expenses and other current assets 3 (43) (352)
Other noncurrent assets (67) 49 (310)
Deposits (41)   (87)
Increase (decrease) in:      
Accounts payable (703) (1,080) 1,088
Accrued expenses 1,717 (1,228) 2,978
Deferred rent (15) (22) 95
Net cash used in operating activities (13,911) (8,901) (98,190)
Cash flows from investing activities:      
Purchases of property and equipment (128) (3) (1,853)
Proceeds from sale of property and equipment     1
Net cash used in investing activities (128) (3) (1,852)
Cash flows from financing activities:      
Stockholders' capital contribution     500
Proceeds from exercise of stock options 225   364
Payments to employees for repurchase of common stock (1,429)   (1,809)
Proceeds from exercise of warrants 71   349
Proceeds from issuance of common stock and warrants, net 32,804 4,605 150,349
Proceeds from issuance of preferred stock, net     16,760
Net cash provided by financing activities 31,671 4,605 166,513
Net increase (decrease) in cash and cash equivalents 17,632 (4,299) 66,471
Cash and cash equivalents, beginning of period 48,839 11,379  
Cash and cash equivalents, end of period 66,471 7,080 66,471
Supplementary disclosure of cash flow information:      
Cash paid for interest      
Cash paid for income taxes      
Supplementary disclosure of noncash investing and financing activities:      
Warrants issued to placement agents and investors   4,207 47,276
Exercise of liability-classified warrants to common shares 49   49
Convertible Preferred Stock
     
Supplementary disclosure of noncash investing and financing activities:      
Preferred stock conversion/exercise of equity-classified warrants to common stock     16,760
Warrant
     
Supplementary disclosure of noncash investing and financing activities:      
Preferred stock conversion/exercise of equity-classified warrants to common stock $ 239   $ 257