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CONSOLIDATED BALANCE SHEETS (EUR €)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current Assets    
Cash € 286 € 382
Receivables other 43 61
Prepaid expenses 52 54
Total current assets 381 497
Property and equipment, net of accumulated depreciation of E261 and E239 at December 31, 2012 and 2011, respectively 28 49
In-process research and development 2,266 2,266
Goodwill 6,671 6,671
Total assets 9,346 9,483
Current Liabilities    
Accounts payable 1,325 1,027
Current portion of convertible notes payable to related Parties 34,723 5,711
Total current liabilities 36,048 6,738
Convertible notes payable to related parties, less current portion 0 25,331
Acquisition-related contingent consideration 6,533 5,753
Total liabilities 42,581 37,822
Shareholders' Equity (Deficit)    
Common stock, U.S. $.01 par value; 495,000,000 shares authorized; issued 295,318,813 at December 31, 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 33,783 32,732
Deficit accumulated during the development stage (70,168) (64,057)
Accumulated other comprehensive income 682 664
Total shareholders' equity (deficit) (33,235) (28,339)
Total liabilities and shareholders' equity (deficit) € 9,346 € 9,483