General form of registration statement for all companies including face-amount certificate companies

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Current Assets:      
Cash and cash equivalents $ 17,735 $ 23,160 $ 14,862
Prepaid and other current assets 308 215 55
Total current assets 18,043 23,375 14,917
Computer equipment, net of accumulated depreciation     22
Total Assets 18,043 23,375 14,939
Current Liabilities:      
Accounts payable 1,001 575 476
Accounts payable-related party     46
PCP Interest payable-related party 19 19  
Accrued expenses 2,823 2,899 1,037
Total current liabilities 3,843 3,493 1,559
PCP Notes payable-related party 750 750  
Total Liabilities 4,593 4,243 1,559
Commitments and Contingencies         
Convertible Preferred Stock, $.001 par value, 461,263 Series C Shares authorized, 0 shares issued and outstanding as of March 31, 2012 and December 31, 2011, respectively; 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 March 31, 2012 and December 31, 2011, respectively; 4,791,102 shares issued and outstanding as of December 31, 2010 19 19 5
Additional paid-in capital 76,561 75,687 4,312
Deficit accumulated during development stage (63,130) (56,574) (20,214)
Total Stockholders' Equity (Deficit) 13,450 19,132 (15,897)
Total Liabilities, Convertible Preferred Stock and Stockholders' Equity (Deficit) $ 18,043 $ 23,375 $ 14,939