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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (EUR €)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current Assets    
Cash € 210 € 286
Receivable other 35 43
Prepaid expenses 49 52
Total current assets 294 381
Property and equipment, net of accumulated depreciation of E270 at June 30, 2013 and E261 at December 31, 2012 77 28
In-process research and development 2,266 2,266
Goodwill 6,671 6,671
Total assets 9,308 9,346
Current Liabilities    
Accounts payable 813 1,325
Current portion of convertible notes payable to related parties 37,520 34,723
Total current liabilities 38,333 36,048
Acquisition-related contingent consideration 250 6,533
Total liabilities 38,583 42,581
Shareholders' Equity (Deficit)    
Common stock, U.S. $.01 par value; 495,000,000 shares authorized; issued 295,318,813 at June 30, 2013 and at December 31, 2012 2,468 2,468
Preferred stock, U.S. $.01 par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 33,786 33,783
Deficit accumulated during the development stage (66,242) (70,168)
Accumulated other comprehensive income 713 682
Total shareholders' equity (deficit) (29,275) (33,235)
Total liabilities and shareholders' equity (deficit) € 9,308 € 9,346