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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (EUR €)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current Assets    
Cash € 1,667 € 297
Receivable other 305 3,712
Prepaid expenses 101 57
Total current assets 2,073 4,066
Property and equipment, net of accumulated depreciation of E274 at March 31, 2014 and E281 at December 31, 2013 114 117
In-process research and development 2,266 2,266
Goodwill 6,671 6,671
Total assets 11,124 13,120
Current Liabilities    
Accounts payable 657 858
Acquisition-related contingent consideration 236 236
Current portion of convertible notes payable to related parties 38,227 39,123
Total current liabilities 39,120 40,217
Shareholders' Equity (Deficit)    
Common stock, U.S. $0.01 par value; 850,000,000 shares authorized; issued 298,418,813 at March 31, 2014 and at December 31, 2013 2,491 2,491
Preferred stock, U.S. $0.01 par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 33,904 33,876
Deficit accumulated during the development stage (65,074) (64,165)
Accumulated other comprehensive income 683 701
Total shareholders' equity (deficit) (27,996) (27,097)
Total liabilities and shareholders' equity (deficit) € 11,124 € 13,120