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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
3 Months Ended248 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Cash flows from operating activities:   
Net loss$ (14,538)$ (7,523)$ (427,663)
Adjustments to reconcile net loss to net cash used in operating activities:   
Depreciation and amortization986515,909
Amortization of premium/discount on marketable securities, net632361,332
Amortization of debt discount  570
Gain on sale of marketable securities  43
Purchased in-process research and development  4,500
Share-based compensation expense2,1642,17228,988
Common stock issued in exchange for services provided  15
Loss on property and equipment12 387
Changes in assets and liabilities:   
Accounts receivable17156(37)
Prepaid expenses and other assets(677)26(2,945)
Accounts payable1,8621736,987
Accrued liabilities(240)(66)1,344
Deferred revenue (1,933)7,000
Deferred rent70(7)480
Net cash used in operating activities(11,169)(6,701)(363,090)
Cash flows from investing activities:   
Purchase of property and equipment(384)(110)(14,124)
(Payments for) proceeds from disposal or sale of property and equipment(12) 111
Purchase of marketable securities (39,258)(649,074)
Proceeds from sales of marketable securities  114,839
Proceeds from maturities of marketable securities6,1908,230514,520
Net cash provided by (used in) investing activities5,794(31,138)(33,728)
Cash flows from financing activities:   
Issuance of common stock, net of issuance costs(571)3435,621
Exercise of stock options and stock purchase rights5,11465922,403
Proceeds from related party notes payable  6,400
Proceeds from note payable  3,000
Issuance of convertible preferred stock, net of issuance costs  20,514
Payments under capital lease obligations  (3,881)
Repayment of notes payable  (314)
Net cash provided by financing activities4,543662483,743
(Decrease)/Increase in cash and cash equivalents(832)(37,177)86,925
Cash and cash equivalents at beginning of period87,75751,199 
Cash and cash equivalents at end of period86,92514,02286,925
Supplemental disclosure of non-cash investing and financing activities:   
Accounts payable for property and equipment purchases190 190
Accrued stock issuance costs  559
Receivable for stock option exercises  389
Settlement of related party notes payable by issuance of common stock  6,086
Property and equipment acquired under capital lease obligations  3,881
Warrants issued  49
Conversion of notes payable and accrued interest into convertible preferred stock  $ 3,051