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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (EUR €)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current Assets    
Cash € 803 € 286
Receivable other 39 43
Prepaid expenses 47 52
Total current assets 889 381
Property and equipment, net of accumulated depreciation of E275 at September 30, 2013 and E261 at December 31, 2012 91 28
In-process research and development 2,266 2,266
Goodwill 6,671 6,671
Total assets 9,917 9,346
Current Liabilities    
Accounts payable 457 1,325
Deferred revenue 584 1,325
Convertible notes payable to related parties 38,484 34,723
Total current liabilities 39,525 36,048
Acquisition-related contingent consideration 241 6,533
Total liabilities 39,766 42,581
Shareholders' Equity (Deficit)    
Common stock, U.S. $.01 par value; nil and 850,000,000 shares authorized at September 30, 2013 and 495,000,000 at December 31, 2012; issued 295,318,813 at September 30, 2013 and at December 31, 2012 2,468 2,468
Additional paid-in capital 33,786 33,783
Deficit accumulated during the development stage (66,813) (70,168)
Accumulated other comprehensive income 710 682
Total shareholders' equity (deficit) (29,849) (33,235)
Total liabilities and shareholders' equity (deficit) € 9,917 € 9,346