Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 23,160 $ 14,862
Prepaid and other current assets 215 55
Total current assets 23,375 14,917
Computer equipment, net of accumulated depreciation   22
Total Assets 23,375 14,939
LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)    
Accounts payable 575 476
Accounts payable-related party   46
PCP interest payable-related party 19  
Accrued expenses 2,899 1,037
Total current liabilities 3,493 1,559
PCP notes payable-related party 750  
Total Liabilities 4,243 1,559
Commitments and Contingencies (Note 6)      
Convertible Preferred Stock, $.001 par value, 461,263 Series C Shares authorized, 0 shares issued and outstanding as of December 31, 2011; 10,000,000 shares authorized, 4,357,885 Series A Shares issued and outstanding as of December 31, 2010, net of issuance costs (liquidation value of $54,844 as of December 31, 2010)   29,277
Stockholders' Equity (Deficit):    
Common Stock, $.001 par value, 50,000,000 shares authorized, 18,604,245 shares issued and outstanding as of December 31, 2011; 4,791,102 shares issued and outstanding as of December 31, 2010; 19 5
Additional paid-in capital 75,687 4,312
Deficit accumulated during development stage (56,574) (20,214)
Total Stockholders' Equity (Deficit) 19,132 (15,897)
Total Liabilities, Convertible Preferred Stock and Stockholders' Equity (Deficit) $ 23,375 $ 14,939