Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited) (Tables)

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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2012
Selected Quarterly Financial Data [Abstract]  
Summary of quarterly financial information

The following table contains quarterly financial information for fiscal years 2012 and 2011.

                                 
(in thousands, except per share data)   First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
 

2012

       

Operating expenses

  $ (6,581 )    $ (6,465 )    $ (5,831 )    $ (8,299 ) 

Other income/(expense)

  $ 25     $ 10     $ (104 )    $ (365 ) 

Net loss

  $ (6,556 )    $ (6,455 )    $ (5,935 )    $ (8,664 ) 

Basic and diluted net loss per common share

  $ (0.35 )    $ (0.34 )    $ (0.24 )    $ (0.36 ) 
         

2011

                               

Operating expenses

  $ (22,545 )    $ (3,736 )    $ (3,531 )    $ (5,232 ) 

Other income/(expense)

  $ 2     $ 3     $ 166     $ (1,487 ) 

Net loss

  $ (22,543 )    $ (3,733 )    $ (3,365 )    $ (6,719 ) 

Basic and diluted net loss per common share

  $ (4.71 )    $ (0.64 )    $ (0.48 )    $ (0.52 )