CONSOLIDATED BALANCE SHEETS (EUR €) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Current Assets
Cash	€ 382	€ 1,811
Receivables officer	0	13
Receivables other	61	87
Prepaid expenses	54	30
Total current assets	497	1,941
Property and equipment, net of accumulated depreciation of E239 and E212 at December 31, 2011 and 2010, respectively	49	76
License contract, net	0	2,357
In-process research and development	2,266	2,266
Goodwill	6,671	6,671
Total assets	9,483	13,311
Current Liabilities
Accounts payable	1,025	1,340
Taxes and social costs payable	2	26
Current portion of notes payable to related parties, net of unamortized debt discount of NIL and E600 at December 31, 2011 and 2010, respectively	5,711	3,872
Total current liabilities	6,738	5,238
Convertible notes payable to related parties, less current portion	25,331	23,510
Convertible notes payable - other	0	2,718
Acquisition-related contingent consideration	5,753	3,212
Total liabilities	37,822	34,678
Shareholders' Equity (Deficit)
Common stock, U.S. $.01 par value; 495,000,000 shares authorized; issued 276,017,339 at December 31, 2011 and 213,963,166 at December 31, 2010	2,322	1,888
Preferred stock, U.S. $.01 par value; 5,000,000 shares authorized; none issued or outstanding	0	0
Additional paid-in capital	32,732	29,602
Deficit accumulated during the development stage	(64,057)	(53,518)
Accumulated other comprehensive income	664	661
Total shareholders' equity (deficit)	(28,339)	(21,367)
Total liabilities and shareholders' equity (deficit)	€ 9,483	€ 13,311