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CONSOLIDATED BALANCE SHEETS (EUR €)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current Assets    
Cash € 297 € 286
Receivables 3,712 43
Prepaid expenses 57 52
Total current assets 4,066 381
Property and equipment, net of accumulated depreciation of E281 and E261 at December 31, 2013 and 2012, respectively 117 28
In-process research and development 2,266 2,266
Goodwill 6,671 6,671
Total assets 13,120 9,346
Current Liabilities    
Accounts payable 858 1,325
Acquisition-related contingent consideration 236 0
Convertible notes payable to related Parties 39,123 34,723
Total current liabilities 40,217 36,048
Acquisition-related contingent consideration 0 6,533
Total liabilities 40,217 42,581
Shareholders' Equity (Deficit)    
Common stock, U.S. $.01 par value; 850,000,000 shares authorized; issued 298,418,813 at December 31, 2013 and 295,318,813 at December 31, 2012 2,491 2,468
Preferred stock, U.S. $.01 par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 33,876 33,783
Deficit accumulated during the development stage (64,165) (70,168)
Accumulated other comprehensive income 701 682
Total shareholders' equity (deficit) (27,097) (33,235)
Total liabilities and shareholders' equity (deficit) € 13,120 € 9,346