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Note - 17 Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information [Text Block]

17. SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

(in thousands, except per share data)	Quarters Ended
	March 31			June 30			September 30			December 31
	March 31			June 30			September 30			December 31
2012
Total revenue	$	-		$	-		$	-		$	-
Net loss		(6,186	)		(6,104	)		(6,018	)		(8,260	)
Basic and diluted net loss per share		(0.19	)		(0.18	)		(0.18	)		(0.23	)

2011
Total revenue	$	2,000		$	-		$	-		$	-
Net loss		(3,764	)		(6,944	)		(6,393	)		(6,121	)
Basic and diluted net loss per share		(0.28	)		(0.42	)		(0.25	)		(0.22	)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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