XML 29 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net loss$ (12,205)$ (12,565)
Adjustments to reconcile net loss to net cash used in operating activities:  
Depreciation and amortization96137
Gain on disposal of assets (27)
Foreign exchange (gain) loss(38)357
Stock-based compensation expense753705
Excess inventory expense361316
Amortization of deferred financing costs and discount on loans76233
Changes in operating assets and liabilities:  
Increase in inventory(1)(580)
(Increase) decrease in prepaid expenses and other current assets(39)32
(Decrease) increase in accounts payable(192)196
Increase (decrease) in accrued research contract costs768(189)
Increase in other accrued liabilities522155
Increase in deferred revenue 5,000
Recognition of deferred revenue(668)(583)
Decrease in other liabilities(204)(266)
Net cash used in operating activities(10,085)(7,279)
Cash flows from investing activities:  
Release of restricted cash in connection with conversion of 7.5556% convertible subordinated notes11820
Proceeds from sale of property and equipment527
Purchases of property and equipment(12)(2)
Net cash provided by investing activities11145
Cash flows from financing activities:  
Proceeds from exercise of stock options and warrants 62
Proceeds from issuance of common stock and warrants, net of issuance costs10,8726,307
Proceeds from loans and warrants8,600 
Deferred financing costs(273)(244)
Repayment of loans(1,043)(452)
Net cash provided by financing activities18,1565,673
Effect of exchange rate changes on cash and cash equivalents(1)(1)
Net increase (decrease) in cash and cash equivalents8,181(1,562)
Cash and cash equivalents at beginning of year2,4355,142
Cash and cash equivalents at end of period10,6163,580
Supplemental disclosure of cash flow information:  
Cash paid for interest39483
Cash paid for income taxes45
Supplemental disclosure of non-cash financing activities:  
Unpaid costs associated with issuance of common stock 91
Unpaid financing costs$ 310$ 474