XML 49 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net loss $ (19,531) $ (4,504)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of patent portfolio 4,878   
Non-cash registration rights penalty 654   
Fair value adjustments for warrant liabilities (47) 2,647
Depreciation    22
Stock-based compensation 10,388 8
Changes in assets and liabilities:    
Deferred rent    (1)
Other receivables    3
Prepaid expenses and other assets 64 27
Accounts payable and accrued expenses 501 (264)
Accrued salaries and benefits (192)   
Net cash used in activities of continuing operations (3,285) (2,062)
Net cash provided by (used in) activities of discontinued operations    84
Net cash used in operating activities (3,285) (1,978)
Cash flow from investing activities    
Payment of accrued patent costs 1,000   
Net cash used in investing activities (1,000)   
Cash flow from financing activities    
Proceeds from issuance of common stock and warrants, net 3,874   
Proceeds from issuance of preferred stock, net 18,497 500
Redemption of redeemable Series I (14,065)   
Net cash provided by financing activities 8,306 500
Net decrease in cash and cash equivalents 4,021 (1,478)
Cash and cash equivalents, beginning of year 3,125 4,498
Cash and cash equivalents, end of year 7,146 3,020
Cash paid for interest and taxes      
Non-cash investing and financing activities    
Retirement of treasury stock 201   
Conversion of preferred stock to common stock 3   
Accrual of offering costs related to issuance of Series J Convertible Preferred Stock 110   
Issuance of Series C Convertible Preferred Stock in connection with exchange of warrants    $ 5,696