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Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data
SELECTED QUARTERLY FINANCIAL DATA (unaudited)
The following table presents selected unaudited Statements of Operations and Balance Sheet information for each of the quarters in the years ended December 31, 2013 and 2012 (in thousands, except per share data):
Selected Statements of Operations information:
 
 
For the Quarter Ended
Year Ended December 31, 2013
 
December 31
 
September 30
 
June 30
 
March 31
Revenue
 
$
582

 
$
275

 
$
225

 
$
235

Research, Development and Manufacturing Operations Expense
 
5,096

 
5,336

 
5,590

 
5,320

Selling, General and Administrative Expense
 
3,153

 
1,385

 
1,611

 
1,243

Impairment Loss
 
822

 
—

 
—

 
—

Loss from Operations
 
(8,490
)
 
(6,445
)
 
(6,976
)
 
(6,328
)
Net Loss applicable to common stockholders
 
(11,816
)
 
(10,136
)
 
(7,680
)
 
(6,434
)
Basic and diluted loss per share
 
$
(0.20
)
 
$
(0.19
)
 
$
(0.15
)
 
$
(0.13
)
 
 
 
 
 
 
 
 
 
 
 
For the Quarter Ended
Year Ended December 31, 2013
 
December 31
 
September 30
 
June 30
 
March 31
Current Assets
 
$
6,842

 
$
6,843

 
$
6,892

 
$
10,317

Total Assets
 
28,539

 
30,851

 
32,322

 
36,843

Current Liabilities
 
5,672

 
4,225

 
2,835

 
2,527

Working Capital
 
1,170

 
2,618

 
4,057

 
7,790

Long-Term Obligations
 
7,433

 
6,188

 
6,252

 
6,323

Stockholders’ Equity
 
15,434

 
20,438

 
23,235

 
27,993

 
 
 
 
 
 
 
 
 
 
 
For the Quarter Ended
Year Ended December 31, 2012
 
December 31
 
September 30
 
June 30
 
March 31
Revenue
 
$
45

 
$
556

 
$
155

 
$
441

Research, Development and Manufacturing Operations Expense
 
5,778

 
5,730

 
4,830

 
4,390

Selling, General and Administrative Expense
 
1,140

 
1,188

 
1,186

 
1,494

Impairment Loss
 
3,402

 
—

 
—

 
—

Loss from Operations
 
(10,275
)
 
(6,362
)
 
(5,862
)
 
(5,443
)
Net Loss applicable to common stockholders
 
(10,954
)
 
(6,398
)
 
(5,906
)
 
(5,511
)
Basic and diluted loss per share
 
$
(0.21
)
 
$
(0.15
)
 
$
(0.14
)
 
$
(0.14
)
 
 
 
 
 
 
 
 
 
 
 
For the Quarter Ended
Year Ended December 31, 2012
 
December 31
 
September 30
 
June 30
 
March 31
Current Assets
 
$
15,713

 
$
22,176

 
$
16,411

 
$
22,294

Total Assets
 
43,524

 
54,569

 
49,696

 
55,906

Current Liabilities
 
2,909

 
3,084

 
2,811

 
3,253

Working Capital
 
12,804

 
19,092

 
13,601

 
19,041

Long-Term Obligations
 
6,388

 
6,456

 
6,511

 
6,577

Stockholders’ Equity
 
34,227

 
45,029

 
40,374

 
46,076