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Condensed Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows from Operating Activities:    
Net loss $ (17,269) $ (7,398)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,320 518
Depreciation and amortization expense 78 75
Amortization of investment premiums 96  
Issuance of common stock for services rendered 36 9
Other (3) 8
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 38 (4)
Accounts payable, accrued expenses, and other liabilities 1,947 (1,214)
Net cash used in operating activities (13,757) (8,006)
Cash Flows from Investing Activities:    
Purchases of available-for-sale securities (2,619)  
Maturities of available-for-sale securities 2,000  
Purchases of property and equipment (533) (1)
Net cash used in investing activities (1,152) (1)
Cash Flows from Financing Activities:    
Proceeds from equity financings 37,202 14,721
Dividends paid (463) (509)
Proceeds from exercise of common stock warrants and options and employee stock purchases 6,780 2
Payments on capital lease (2) (2)
Net cash provided by financing activities 43,517 14,212
Net increase in cash and cash equivalents 28,608 6,205
Cash and cash equivalents, beginning of period 26,278 10,096
Cash and cash equivalents, end of period $ 54,886 $ 16,301