Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash $ 99,521 $ 40,199
Prepaid and other current assets 510 393
Total current assets 100,031 40,592
Property & equipment, net 447 51
Other assets 104 349
Total Assets 100,582 40,992
Current Liabilities:    
Accounts payable 468 1,029
Interest payable 109 119
Accrued expenses 4,430 2,185
Current portion of note payable 6,203 1,799
Total current liabilities 11,210 5,132
Note payable 7,017 12,386
Other long-term liabilities 1,077 1,441
Total Liabilities 19,304 18,959
Commitments and Contingencies (Note 6)      
Stockholders' Equity:    
Common stock, $.001 par value, 100,000,000 and 50,000,000 shares authorized, 39,652,950 and 24,400,754 shares issued and outstanding as of December 31, 2013 and 2012, respectively 40 24
Additional paid-in capital 202,580 106,193
Deficit accumulated during development stage (121,342) (84,184)
Total Stockholders’ Equity 81,278 22,033
Total Liabilities and Stockholders’ Equity 100,582 40,992
Series C Convertible Preferred Stock [Member]
    
Stockholders' Equity:    
Convertible Preferred stock, $.001 par value, 129,767 and 584,390 Series C shares authorized, 0 shares issued and outstanding as of December 31, 2013 and 2012, respectively $ 0 $ 0