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
Sep. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 106,267 $ 40,199
Prepaid and other current assets 279 393
Total current assets 106,546 40,592
Property and equipment, net 452 51
Other assets 109 349
Total Assets 107,107 40,992
Current Liabilities:    
Accounts payable 1,114 1,029
Interest payable 116 119
Accrued expenses 2,352 2,185
Current portion of note payable 6,062 1,799
Total current liabilities 9,644 5,132
Note payable 8,408 12,386
Other long-term liabilities 1,541 1,441
Total Liabilities 19,593 18,959
Commitments and Contingencies      
Stockholders' Equity:    
Common Stock, $.001 par value, 100,000,000 and 50,000,000 shares authorized as of September 30, 2013 and December 31, 2012, respectively, 35,255,680 and 24,400,754 shares issued and outstanding as of September 30, 2013 and December 31, 2012, respectively 35 24
Additional paid-in capital 199,023 106,193
Deficit accumulated during development stage (111,544) (84,184)
Total Stockholders' Equity 87,514 22,033
Total Liabilities and Stockholders' Equity 107,107 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 September 30, 2013 and December 31, 2012, respectively