Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 67,886 $ 40,199
Prepaid and other current assets 243 393
Total current assets 68,129 40,592
Property and equipment, net 535 51
Other assets 114 349
Total Assets 68,778 40,992
Current Liabilities:    
Accounts payable 1,429 1,029
Interest payable 116 119
Accrued expenses 2,797 2,185
Current portion of note payable 4,611 1,799
Total current liabilities 8,953 5,132
Note payable 9,760 12,386
Other long-term liabilities 1,507 1,441
Total Liabilities 20,220 18,959
Commitments and Contingencies      
Stockholders' Equity:    
Common Stock, $.001 par value, 50,000,000 shares authorized, 29,605,524 and 24,400,754 shares issued and outstanding as of June 30, 2013 and December 31, 2012, respectively 30 24
Additional paid-in capital 152,240 106,193
Deficit accumulated during development stage (103,712) (84,184)
Total Stockholders' Equity 48,558 22,033
Total Liabilities and Stockholders' Equity 68,778 40,992
Series C Convertible Preferred Stock [Member]
    
Stockholders' Equity:    
Convertible Preferred Stock, $.001 par value, 452,923 and 584,390 Series C shares authorized, 0 shares issued and outstanding as of June 30, 2013 and December 31, 2012, respectively