Quarterly Financial Information (unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information (unaudited) [Abstract]

Quarterly Financial Information (unaudited)

13. Quarterly Financial Information (unaudited)

The following is a summary of the quarterly results of operations for the years ended December 31, 2013 and 2012:

	Consolidated Statements of Operations
	Quarter Ended
	March 31			June 30			September 30			December 31
	(In thousands, except per share amounts)
2013
Total revenues	$	9,453		$	7,151		$	6,312		$	12,535
Total operating costs and expenses		(20,777	)		(21,230	)		(23,535	)		(28,114	)
Other (expense) income, net (1)		(13,563	)		(3,169	)		(12,416	)		(36,719	)
Income tax benefit		-			-			15			(1	)
Net (loss) income	$	(24,887	)	$	(17,248	)	$	(29,624	)	$	(52,299	)
Basic and diluted net (loss) income per share of common stock	$	(0.30	)	$	(0.21	)	$	(0.34	)	$	(0.55	)
2012
Total revenues	$	9,865		$	9,275		$	7,251		$	7,391
Total operating costs and expenses		(24,227	)		(22,765	)		(23,404	)		(20,010	)
Other income (expense), net (1)		(16,063	)		(2,665	)		(10,772	)		14,985
Income tax expense		-			-			74			-
Net loss	$	(30,425	)	$	(16,155	)	$	(26,851	)	$	2,366
Basic and diluted net loss per share of common stock	$	(0.69	)	$	(0.24	)	$	(0.39	)	$	0.03

(1) Fluctuations in 2013 and 2012 primarily relate to (losses) gains on the revaluation of the contingent warrant liabilities.