|
Balance Sheet (Unaudited) (USD $)
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 5,382,000 |
$ 3,961,000 |
| Short-term investments available-for-sale |
18,471,000 |
22,630,000 |
| Accounts receivable |
1,320,000 |
2,276,000 |
| Inventories |
2,678,000 |
2,319,000 |
| Other current assets |
741,000 |
993,000 |
| Total current assets |
28,592,000 |
32,179,000 |
| Long-term investments available-for-sale |
1,249,000 |
2,147,000 |
| Property and equipment, net |
3,749,000 |
3,835,000 |
| Total assets |
33,590,000 |
38,161,000 |
| Current liabilities: |
|
|
| Accounts payable, accrued expenses and other current liabilities |
3,747,000 |
5,903,000 |
| Deferred rent |
|
354,000 |
| Leasehold incentive obligation |
219,000 |
987,000 |
| Deferred revenues |
5,135,000 |
5,135,000 |
| Total current liabilities |
9,101,000 |
12,379,000 |
| Deferred rent |
1,028,000 |
516,000 |
| Leasehold incentive obligation |
1,737,000 |
1,152,000 |
| Deferred revenues |
347,000 |
556,000 |
| Stockholders’ equity: |
|
|
| Preferred stock, $.001 par value; 7,500,000 shares authorized; no shares issued or outstanding at March 31, 2015 (unaudited) and December 31, 2014 |
0 |
0 |
| Common stock, $.001 par value; 120,000,000 shares authorized at March 31, 2015 (unaudited) and December 31, 2014; 43,727,564 and 43,370,309 shares issued and outstanding at March 31, 2015 (unaudited) and December 31, 2014, respectively. |
44,000 |
43,000 |
| Additional paid-in capital |
280,739,000 |
278,362,000 |
| Accumulated other comprehensive income (loss) |
|
(10,000) |
| Accumulated deficit |
(259,406,000) |
(254,837,000) |
| Total stockholders’ equity |
21,377,000 |
23,558,000 |
| Total liabilities and stockholders’ equity |
$ 33,590,000 |
$ 38,161,000 |