XML 79 R68.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS USED IN OPERATING ACTIVITIES:          
Net loss $ (14,488) $ (8,305) $ (60,690) $ (69,128) $ (42,476)
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization 16 13 27 44 40
Stock-based compensation expense 511 334 1,508 1,795 304
Research and development expense settled in stock 2,717 3,570 13,118 15,067 10,296
Change in fair value of other current assets, warrant liability and other liability 2,233 (11,256) (9,087) 2,069 264
Non-cash interest 63 113 387 449 165
Changes in operating assets and liabilities:          
Prepaid expenses and other current assets (690) 942 1,721 4,623 (6,463)
Accounts payable (21) 887 (250) 237 (301)
Accrued expenses and other current liabilities 2,453 6,423 8,222 1,550 819
Net cash used in operating activities (7,206) (7,279) (45,017) (43,158) (35,896)
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES:          
Sales and maturities of marketable securities   4,000 21,043 46,464 8,855
Net cash provided by investing activities   4,000 3,971 27,435 (23,800)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES:          
Payments on note payable (2,907) (1,969) (8,187) (3,500) (156)
Proceeds from the issuance of preferred stock, net 27,368   42,870   62,116
Net cash provided by financing activities 24,461 (1,969) 34,696 9,248 74,242
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 17,255 (5,248) (6,350) (6,475) 14,546
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 12,303 18,653 18,653 25,128 10,582
CASH AND CASH EQUIVALENTS AT END OF PERIOD 29,558 13,405 12,303 18,653 25,128
SUPPLEMENTAL DISCLOSURES:          
Cash paid for interest 310 508 1,796 1,801 358
NON-CASH FINANCING ACTIVITIES:          
Accretion of dividends on preferred stock 4,969 3,582 17,471 13,992 10,933
Fair value of series A-6 convertible preferred stock issued as settlement of liability 10,109   23,168    
Fair value of warrants issued $ 1,216   $ 1,356 $ 379 $ 463