Summarized quarterly financial data for 2014 and 2013 is as follows (in thousands, except per share data): | | | Quarters Ended | | | | | March 31 | | | June 30 | | | September 30 | | | December 31 | | | | | (In thousands, except per share data) | | 2014 | | | | | | | | | | | | | Total revenues | | $ | — | | | $ | — | | | $ | — | | | $ | 100 | | Net income (loss) | | $ | 4,665 | | | $ | (15,719 | ) | | $ | (5,625 | ) | | $ | (13,439 | ) | Basic income (loss) per share applicable to common stock | | $ | 0.09 | | | $ | (0.28 | ) | | $ | (0.10 | ) | | $ | (0.24 | ) | Diluted income (loss) per share applicable to common stock | | $ | 0.08 | | | $ | (0.28 | ) | | $ | (0.10 | ) | | $ | (0.24 | ) | | | | | | | | | | | | | | | | | | | 2013 | | | | | | | | | | | | | | | | | Total revenues | | $ | — | | | $ | 200 | | | $ | — | | | $ | 100 | | Net loss | | $ | (6,864 | ) | | $ | (3,423 | ) | | $ | (9,980 | ) | | $ | (27,218 | ) | Basic and diluted loss per share applicable to common stock | | $ | (0.23 | ) | | $ | (0.11 | ) | | $ | (0.33 | ) | | $ | (0.68 | ) |
|