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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Operating activities    
Net loss for the year $ (52,859) $ (20,286)
Non-cash adjustments reconciling net loss to operating cash flows    
Depreciation of property and equipment 171 123
Stock-based compensation expense 1,823 2,009
Loss on disposal of property and equipment 40 0
Change in lease incentive liability (70) 85
Expense associated with fair value adjustment of warrant liability 19,799 0
Expense associated with fair value adjustment of share-based liability 1,369 0
Changes in operating assets and liabilities    
Other current assets 340 (15)
Accounts payable and accrued liabilities (68) 1,434
Cash flows used for operating activities (29,455) (16,650)
Investing activities    
Purchases of marketable securities and term deposits (68,408) (29,431)
Disposal and maturities of marketable securities and term deposits 39,138 29,716
Purchase of property and equipment (204) (230)
Proceeds from disposal of property and equipment 4 0
Cash flows provided by / (used for) investing activities (29,470) 55
Financing activities    
Proceeds from issuance of common stock, net of issuance costs 54,196 19,886
Proceeds from issuance of warrants, net of issuance costs 0 4,942
Proceeds from exercise of common stock options and warrants 561 0
Costs of reorganization 0 (15)
Cash flows provided by financing activities 54,757 24,813
Increase (decrease) in cash and cash equivalents (4,168) 8,218
Effect of exchange rate changes on cash and cash equivalents 0 303
Cash and cash equivalents, beginning of year 18,403 9,882
Cash and cash equivalents, end of year 14,235 18,403
Income taxes paid $ 35 $ 34