|
Balance Sheets (USD $)
In Thousands, unless otherwise specified
|
Mar. 31, 2012
|
Dec. 31, 2011
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 14,574 |
$ 23,059 |
| Prepaid expenses and other |
275 |
333 |
| Total current assets |
14,849 |
23,392 |
| Property and equipment, net |
299 |
213 |
| Other assets |
417 |
481 |
| Other assets-equipment funding (Note 3(d)) |
6,763 |
6,763 |
| Total assets |
22,328 |
30,849 |
| Current liabilities: |
|
|
| Current portion of long-term debt |
8,297 |
8,412 |
| Accounts payable |
1,552 |
1,967 |
| Accrued expenses |
2,035 |
2,018 |
| Total current liabilities |
11,884 |
12,397 |
| Long-term debt |
3,426 |
5,481 |
| Total liabilities |
15,310 |
17,878 |
| Stockholders' equity: |
|
|
| Preferred stock, $0.001 par value. Authorized 10,000,000 shares. None issued and outstanding |
|
|
| Common stock, $0.001 par value. Authorized 90,000,000 shares; issued and outstanding 14,748,582 shares at March 31, 2012 and December 31, 2011 |
15 |
15 |
| Additional paid-in capital |
116,271 |
115,940 |
| Deficit accumulated during the development stage |
(109,268) |
(102,984) |
| Total stockholders' equity |
7,018 |
12,971 |
| Total liabilities and stockholders' equity |
$ 22,328 |
$ 30,849 |