Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 40,199 $ 23,160
Prepaid and other current assets 393 215
Total current assets 40,592 23,375
Property & equipment, net 51   
Other assets 349  
Total Assets 40,992 23,375
Current Liabilities:    
Accounts payable 1,029 575
Interest payable - related party   19
Interest payable 119  
Accrued expenses 2,185 2,899
Current portion of note payable 1,799  
Total current liabilities 5,132 3,493
PCP notes payable-related party   750
Note payable 12,386  
Other long-term liabilities 1,441  
Total Liabilities 18,959 4,243
Commitments and Contingencies (Note 6)      
Stockholders' Equity:    
Common stock, $.001 par value, 50,000,000 shares authorized, 24,400,754 and 18,604,245 shares issued and outstanding as of December 31, 2012 and 2011, respectively 24 19
Additional paid-in capital 106,193 75,687
Deficit accumulated during development stage (84,184) (56,574)
Total Stockholders' Equity 22,033 19,132
Total Liabilities and Stockholders' Equity 40,992 23,375
Series C Convertible Preferred Stock
    
Stockholders' Equity:    
Convertible Preferred stock, $.001 par value, 584,390 and 587,376 Series C shares authorized, 0 shares issued and outstanding as of December 31, 2012 and 2011, respectively