Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ (1,930) $ 9,920
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 265 19
Non-cash gain on settlement of long-term debt 0 (1,860)
Non-cash gain on termination of royalty purchase agreement 0 (8,962)
Non-cash (gain) loss on changes in fair value of warrants (313) (1,306)
Stock-based compensation 457 656
Changes in operating assets and liabilities:    
Receivables 675 56
Prepaid expenses and other assets (63) 425
Accounts payable and other accrued liabilities (650) 1,504
Deferred contract revenue (2,734) (8,147)
Net cash used in operating activities (4,293) (7,695)
Cash flows from investing activities:    
Purchases of furniture and equipment (18) (297)
Net cash used in investing activities (18) (297)
Cash flows from financing activities:    
Proceeds from issuing common stock from the exercise of stock options 0 113
Proceeds from the exercise of warrants, net of issuance costs 0 1,275
Issuance of common stock from the vesting of restricted shares (37) 0
Payments on long-term debt 0 (2,500)
Net cash used in financing activities (37) (1,112)
Net decrease in cash (4,348) (9,104)
Cash at beginning of period 11,798 18,102
Cash at end of period $ 7,450 $ 8,998