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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2015
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Mar. 31, 2014
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| Cash flows from operating activities: | ||
| Net loss | $ (12,535)us-gaap_ProfitLoss | $ (7,370)us-gaap_ProfitLoss |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Subsidiary shares issued for licences and expensed | 513us-gaap_StockIssued1 | 0us-gaap_StockIssued1 |
| Stock-based compensation expense | 1,470us-gaap_ShareBasedCompensation | 1,135us-gaap_ShareBasedCompensation |
| Noncash interest expense | 188us-gaap_OtherNoncashExpense | 515us-gaap_OtherNoncashExpense |
| Depreciation expense | 6us-gaap_Depreciation | 5us-gaap_Depreciation |
| Asset impairment and lease abandonment charges | 0us-gaap_AssetImpairmentCharges | 723us-gaap_AssetImpairmentCharges |
| Change in fair value of investments | 215fbio_ChangeInFairValueOfShortTermInvestments | 0fbio_ChangeInFairValueOfShortTermInvestments |
| Unrealized gain on marketable securities | (2)us-gaap_TradingSecuritiesUnrealizedHoldingGainLoss | 0us-gaap_TradingSecuritiesUnrealizedHoldingGainLoss |
| Realized gain on marketable securities | (1)us-gaap_TradingSecuritiesRealizedGainLoss | 0us-gaap_TradingSecuritiesRealizedGainLoss |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other currents assets | 22us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (12)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Interest payable | (2)us-gaap_IncreaseDecreaseInInterestPayableNet | (84)us-gaap_IncreaseDecreaseInInterestPayableNet |
| Accounts payable and accrued expenses | 1,853us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (588)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Other long term liabilities | (500)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 0us-gaap_IncreaseDecreaseInOtherOperatingLiabilities |
| End of term charge Hercules Note | 0us-gaap_IncreaseDecreaseInOtherAccountsPayable | (398)us-gaap_IncreaseDecreaseInOtherAccountsPayable |
| Other | (61)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | 0us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet |
| Net cash used in operating activities | (8,834)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (6,074)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Cash flows from investing activities: | ||
| Purchase of investments, long-term | 0us-gaap_PaymentsToAcquireLongtermInvestments | (250)us-gaap_PaymentsToAcquireLongtermInvestments |
| Purchase of license | (1,250)us-gaap_PaymentsToAcquireIntangibleAssets | 0us-gaap_PaymentsToAcquireIntangibleAssets |
| Payment to related party - CB Pharma Acquisitions Corp | (108)us-gaap_RepaymentsOfRelatedPartyDebt | 0us-gaap_RepaymentsOfRelatedPartyDebt |
| Net cash used in investing activities | (1,358)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (250)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Cash flows from financing activities: | ||
| Proceeds from issuance of Common Stock | 0us-gaap_ProceedsFromIssuanceOfCommonStock | 481us-gaap_ProceedsFromIssuanceOfCommonStock |
| Payment of costs related to the issuance of Common Stock | 0us-gaap_PaymentsOfStockIssuanceCosts | (32)us-gaap_PaymentsOfStockIssuanceCosts |
| Proceeds from the exercise of stock options | 216us-gaap_ProceedsFromStockOptionsExercised | 0us-gaap_ProceedsFromStockOptionsExercised |
| Payment of Hercules Note | 0us-gaap_RepaymentsOfNotesPayable | (13,655)us-gaap_RepaymentsOfNotesPayable |
| Proceeds from IDB Note | 0us-gaap_ProceedsFromNotesPayable | 14,009us-gaap_ProceedsFromNotesPayable |
| Payment of debt issue costs associated with IDB Note | 0us-gaap_PaymentsOfDebtIssuanceCosts | (9)us-gaap_PaymentsOfDebtIssuanceCosts |
| Proceeds from NSC Note | 10,000us-gaap_ProceedsFromUnsecuredNotesPayable | 0us-gaap_ProceedsFromUnsecuredNotesPayable |
| Payment of debt issue costs associated with NSC Note | (855)us-gaap_PaymentsOfFinancingCosts | 0us-gaap_PaymentsOfFinancingCosts |
| Transfer of restricted cash | 0us-gaap_IncreaseDecreaseInRestrictedCash | (14,009)us-gaap_IncreaseDecreaseInRestrictedCash |
| Net cash provided by/(used in) financing activities | 9,361us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (13,215)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Decrease in cash and cash equivalents | (831)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (19,539)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalentsbeginning of period | 49,759us-gaap_CashAndCashEquivalentsAtCarryingValue | 99,521us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalentsend of period | 48,928us-gaap_CashAndCashEquivalentsAtCarryingValue | 79,982us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | 80us-gaap_InterestPaid | 534us-gaap_InterestPaid |
| Supplemental disclosure of non-cash financing and investing activities: | ||
| Issuance of Restricted Stock | $ 1us-gaap_StockIssuedDuringPeriodValueIssuedForServices | $ 4us-gaap_StockIssuedDuringPeriodValueIssuedForServices |
| X | ||||||||||
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- Definition
Represents the value of change in fair value of short term investments. No definition available.
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- Details
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- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other obligations due by the reporting entity that are payable within one year (or one business cycle), not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Other expenses or losses included in net income that result in no cash outflows or inflows in the period and are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for cost incurred directly with the issuance of an equity security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, beyond the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the long-term. No definition available.
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| X | ||||||||||
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from borrowings supported by a written promise to pay an obligation that is uncollateralized (where debt is not backed by the pledge of collateral). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders. No definition available.
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- Details
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| X | ||||||||||
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- Definition
This item represents the gain (loss) realized during the period from the sale of trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of unrealized holding gain (loss) recognized in the income statement for investments in debt and equity securities and other forms of securities that provide ownership interests classified as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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