|
Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Jun. 30, 2012
|
Dec. 31, 2011
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 36,387 |
$ 40,930 |
| Accounts receivable, net |
170 |
656 |
| Investment tax credits receivable |
456 |
838 |
| Prepaid expenses and other assets |
806 |
1,116 |
| Total current assets |
37,819 |
43,540 |
| Investment tax credits receivable |
189 |
0 |
| Furniture, fixtures and equipment, net |
1,069 |
1,171 |
| Total assets |
39,077 |
44,711 |
| Current liabilities: |
|
|
| Accounts payable |
2,670 |
1,971 |
| Accrued liabilities |
2,070 |
1,549 |
| Current portion of deferred revenue |
2,930 |
5,574 |
| Current portion of notes payable |
2,169 |
238 |
| Total current liabilities |
9,839 |
9,332 |
| Notes payable, less current portion |
17,517 |
10,734 |
| Other long-term liabilities |
146 |
163 |
| Total liabilities |
27,502 |
20,229 |
| Stockholders' deficit: |
|
|
| Preferred stock, $.00001 par value; 5,000,000 shares authorized and no shares issued or oustanding at June 30, 2012 and December 31, 2011 |
0 |
0 |
| Common Stock, $.00001 par value; 100,000,000 shares authorized as of June 30, 2012 and December 31, 2011; 24,607,888 shares issued and outstanding at June 30, 2012; 24,597,845 shares issued and oustanding at December 31, 2011 |
0 |
0 |
| Additional paid-in capital |
132,959 |
131,795 |
| Accumulated other comprehensive loss |
(725) |
(683) |
| Accumulated deficit |
(120,659) |
(106,630) |
| Total stockholders' equity (deficit) |
11,575 |
24,482 |
| Total liabilities and stockholders' equity |
$ 39,077 |
$ 44,711 |