|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
|
12 Months Ended |
31 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2013
|
| Revenue |
$ 1,100 |
|
$ 100 |
|
$ 1,200 |
|
| Costs and Expenses |
|
|
|
|
|
|
| Operating legal costs |
25,035 |
[1] |
11,702 |
[1] |
38,298 |
[1] |
| Research and development |
1,512 |
[1] |
543 |
[1] |
2,055 |
[1] |
| General and administrative |
15,330 |
[1] |
10,226 |
[1] |
26,741 |
[1] |
| Total operating expenses |
41,877 |
|
22,471 |
|
67,094 |
|
| Operating loss from continuing operations |
(40,777) |
|
(22,371) |
|
(65,894) |
|
| Non-operating income |
245 |
|
18 |
|
263 |
|
| Non-operating expense |
(20) |
|
(20) |
|
(48) |
|
| Issuance of warrants |
0 |
|
(2,883) |
|
(2,883) |
|
| Gain (loss) on revaluation of warrants |
(1,196) |
|
6,847 |
|
5,651 |
|
| Loss from continuing operations before taxes on income |
(41,748) |
|
(18,409) |
|
(62,911) |
|
| Income tax expense |
0 |
|
0 |
|
0 |
|
| Loss from continuing operations |
(41,748) |
|
(18,409) |
|
(62,911) |
|
| Loss from discontinued operations (including the impairment loss of $7,253 and $0 in 2013 and 2012, respectively) |
(10,428) |
[1] |
(2,377) |
[1] |
(12,805) |
[1] |
| Income tax expense |
(257) |
|
(55) |
|
(312) |
|
| Loss from discontinuing operations |
(10,685) |
|
(2,432) |
|
(13,117) |
|
| Net loss |
(52,433) |
|
(20,841) |
|
(76,028) |
|
| Basic |
|
|
|
|
|
|
| Loss per share from continuing operations |
$ (0.50) |
|
$ (0.47) |
|
$ (1.26) |
|
| Loss per share from discontinued operations |
$ (0.13) |
|
$ (0.06) |
|
$ (0.26) |
|
| Total net loss per share |
$ (0.63) |
|
$ (0.53) |
|
$ (1.52) |
|
| Diluted |
|
|
|
|
|
|
| Loss per share from continuing operations |
$ (0.50) |
|
$ (0.55) |
|
$ (1.28) |
|
| Loss per share from discontinued operations |
$ (0.13) |
|
$ (0.06) |
|
$ (0.26) |
|
| Total net loss per share |
$ (0.63) |
|
$ (0.61) |
|
$ (1.54) |
|
| Weighted-average number of shares outstanding during the year: |
|
|
|
|
|
|
| Basic |
83,201,691 |
|
39,111,176 |
|
50,105,473 |
|
| Diluted |
83,280,873 |
|
41,664,676 |
|
51,618,897 |
|
| * Includes stock-based compensation expense, as follows: |
|
|
|
|
|
|
| Stock Based Compensation Expense |
12,093 |
|
8,087 |
|
20,654 |
|
|
Operating legal costs [Member]
|
|
|
|
|
|
|
| * Includes stock-based compensation expense, as follows: |
|
|
|
|
|
|
| Stock Based Compensation Expense |
1,221 |
|
523 |
|
1,744 |
|
|
Research and Development [Member]
|
|
|
|
|
|
|
| * Includes stock-based compensation expense, as follows: |
|
|
|
|
|
|
| Stock Based Compensation Expense |
470 |
|
366 |
|
836 |
|
|
General and Administrative [Member]
|
|
|
|
|
|
|
| * Includes stock-based compensation expense, as follows: |
|
|
|
|
|
|
| Stock Based Compensation Expense |
10,037 |
|
6,731 |
|
17,242 |
|
|
Discontinued Operations [Member]
|
|
|
|
|
|
|
| * Includes stock-based compensation expense, as follows: |
|
|
|
|
|
|
| Stock Based Compensation Expense |
$ 365 |
|
$ 467 |
|
$ 832 |
|
|
|
|