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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Net loss $ (41,089) $ (5,112)
Depreciation and amortization 235 233
Amortization of discount and deferred financing costs on notes payable 63  
Stock-based compensation expense 741 611
Change in fair value of warrant liability 29,481 (4,987)
Recognition of deferred revenue (145) (13)
Extinguishment of debt (199) 35
Net change in assets and liabilities:    
Government grant receivable 489  
Prepaid expenses 17 (220)
Other current assets (27) (21)
Other long term assets 116 64
Accounts payable 15 (610)
Accrued liabilities 569 11
Accrued compensation and related liabilities (103) (308)
Deferred rent 24 47
Net cash used in operating activities (9,813) (10,270)
Purchase of short-term investments (11,858) (12,157)
Redemption of short-term investments 19,335 6,122
Purchase of plant and equipment (65) (155)
Net cash provided by (used in) investing activities 7,412 (6,190)
Proceeds from issuance of common stock, net of issuance cost 43,071  
Proceeds from stock options exercised 48  
Proceeds from debt financing, net of issuance cost 4,804  
Net cash provided by financing activities 47,923  
Increase (decrease) in cash and cash equivalents 45,522 (16,460)
Cash and cash equivalents, beginning of period 5,514 18,974
Cash and cash equivalents, end of period $ 51,036 $ 2,514