Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 79,982 $ 99,521
Prepaid and other current assets 522 510
Total current assets 80,504 100,031
Property & equipment, net 69 447
Restricted cash 14,009 0
Long-term investment, at fair value 250 0
Other assets 70 104
Total Assets 94,902 100,582
Current Liabilities:    
Accounts payable 872 468
Interest payable 25 109
Accrued expenses 3,438 4,430
Current portion of note payable 0 6,203
Total current liabilities 4,335 11,210
Note payable 14,009 7,017
Other long-term liabilities 1,066 1,077
Total Liabilities 19,410 19,304
Commitments and Contingencies      
Stockholders' Equity:    
Common Stock, $.001 par value, 100,000,000 shares authorized, 44,253,387 and 39,652,950 shares issued and outstanding as of March 31, 2014 and December 31, 2013, respectively 44 40
Additional paid-in capital 204,160 202,580
Deficit accumulated during development stage (128,712) (121,342)
Total Stockholders' Equity 75,492 81,278
Total Liabilities and Stockholders' Equity 94,902 100,582
Series C Convertible Preferred Stock [Member]
    
Stockholders' Equity:    
Convertible Preferred stock, $.001 par value, 129,767 Series C shares authorized, 0 shares issued and outstanding as of both March 31, 2014 and December 31, 2013 $ 0 $ 0