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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 199 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Operating activities:      
Net (loss)/income $ (4,108) $ 2,715 $ (113,242)
Adjustments for non-cash items:      
Loss/(gain) on derivative warrants 3,573 (3,327) 316
Depreciation and amortization 0 0 1,404
Non-cash Cadherin Biomedical Inc. litigation expense 0 0 1,187
Unrealized foreign exchange (gain)/loss 0 0 36
Loss on impairment of capital assets 0 0 (497)
Amortization of and gain on lease inducements 0 0 (412)
Non-cash severance expense 0 0 168
Stock options issued to consultants 0 0 1,048
Stock options issued to employees 0 0 10,269
Acquired in-process research and development 0 0 13,094
Changes in non-cash working capital 128 34 302
Net cash used in operating activities (407) (578) (85,444)
Investing activities:      
Purchase of capital assets 0 0 (1,440)
Disposal of capital assets 0 0 115
Proceeds from sale of assets 0 0 24
Release of restricted cash 0 0 190
Restricted cash 0 0 (209)
Purchase of short-term investments 0 0 (22,148)
Redemption of short-term investments 0 0 22,791
Investment in Cadherin Biomedical Inc. 0 0 (166)
Acquired intellectual property rights 0 0 (640)
Net cash used in investing activities 0 0 (1,483)
Financing activities:      
Conversion of long-term debt to equity 0 0 68
Long-term debt repayments 0 0 (65)
Capital lease repayments 0 0 (8)
Issuance of common stock 0 0 86,443
Registration expense 0 0 (465)
Financing expenses 0 0 (544)
Proceeds from convertible note 0 0 3,017
Other liability repayments 0 0 (87)
Security deposits received 0 0 35
Proceeds from exercise of stock options 0 0 51
Net cash provided from financing activities 0 0 88,445
Effect of exchange rate changes on cash and cash equivalents 0 0 378
Net change in cash and cash equivalents (407) (578) 1,896
Cash and cash equivalents - Beginning of period 2,303 5,297 0
Cash and cash equivalents - End of period $ 1,896 $ 4,719 $ 1,896