Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

12. Selected Quarterly Financial Data (Unaudited)

2013	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
Total revenue	$	6,268	$	6,268	$	6,268	$	6,744
Loss from operations		(7,046)		(8,526)		(11,069)		(12,242)
Net loss		(7,228)		(8,620)		(11,177)		(12,382)
Net loss applicable to common stockholders		(9,025)		(10,418)		(11,744)		(12,382)
Net loss per share applicable to common stockholders – basic and diluted		(2.47)		(2.80)		(0.52)		(0.40)

2012	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
Total revenue	$	6,268	$	6,288	$	6,268	$	6,282
Loss from operations		(5,264)		(6,123)		(5,110)		(6,498)
Net loss		(4,631)		(5,513)		(4,645)		(5,313)
Net loss applicable to common stockholders		(6,429)		(7,311)		(6,443)		(7,109)
Net loss per share applicable to common stockholders – basic and diluted		(1.98)		(2.18)		(1.87)		(2.09)

The Company has determined that the net loss applicable to common stockholders and net loss per share applicable to common stockholders - basic and diluted for the three- and nine-month periods ended September 30, 2013 and 2012 were incorrectly stated in the Form 10-Q for the period ended September 30, 2013, resulting from an error in the presentation of cumulative preferred stock dividends, which incorrectly reduced rather than increased the Company’s net loss to arrive at net loss applicable to common stockholders. The Company determined that these errors are not material to the respective financial statements and has corrected the amounts in the unaudited quarterly financial information presented above. The net loss per share applicable to common stockholders - basic and diluted for the three- and nine-month periods ended September 30, 2013 were previously reported as $(0.47) and $(2.26), respectively, while the corrected amounts are $(0.52) and $(3.08), respectively. The net loss per share applicable to common stockholders—basic and diluted for the three- and nine-month periods ended September 30, 2012 were previously reported as $(0.83) and $(2.81), respectively, while the corrected amounts are $(1.87) and $(6.03), respectively.