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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (EUR €)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current Assets    
Cash € 329 € 382
Receivable other 37 61
Prepaid expenses 53 54
Total current assets 419 497
Property and equipment, net of accumulated depreciation of E259 at September 30, 2012 and E239 at December 31, 2011 30 49
In-process research and development 2,266 2,266
Goodwill 6,671 6,671
Total assets 9,386 9,483
Current Liabilities    
Accounts payable 1,097 1,025
Taxes and social costs payable 4 2
Current portion of notes payable to related Parties 33,637 5,711
Total current liabilities 34,738 6,738
Convertible notes payable to related parties, less current portion 0 25,331
Acquisition-related contingent consideration 6,323 5,753
Total liabilities 41,061 37,822
Shareholders' Equity (Deficit)    
Common stock, U.S. $.01 par value; 495,000,000 shares authorized; issued 295,318,813 at September 30, 2012 and 276,017,339 at December 31, 2011 2,468 2,322
Preferred stock, U.S. $.01 par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 33,786 32,732
Deficit accumulated during the development stage (68,586) (64,057)
Accumulated other comprehensive income 657 664
Total shareholders' equity (deficit) (31,675) (28,339)
Total liabilities and shareholders' equity (deficit) € 9,386 € 9,483