STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Cash flows from operating activities: | |||
Net income (loss) | $ (2,403)us-gaap_NetIncomeLoss | $ 9,711us-gaap_NetIncomeLoss | $ (15,180)us-gaap_NetIncomeLoss |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||
Depreciation and amortization | 353us-gaap_DepreciationDepletionAndAmortization | 107us-gaap_DepreciationDepletionAndAmortization | 17us-gaap_DepreciationDepletionAndAmortization |
Non-cash gain on settlement of long-term debt | 0us-gaap_GainsLossesOnExtinguishmentOfDebt | (1,860)us-gaap_GainsLossesOnExtinguishmentOfDebt | 0us-gaap_GainsLossesOnExtinguishmentOfDebt |
Non-cash gain on termination of royalty purchase agreement | 0ttnp_NoncashGainOnTerminationOfRoyaltyPurchaseAgreement | (8,962)ttnp_NoncashGainOnTerminationOfRoyaltyPurchaseAgreement | 0ttnp_NoncashGainOnTerminationOfRoyaltyPurchaseAgreement |
Interest on royalty liability | 0us-gaap_IncreaseDecreaseInRoyaltiesPayable | 0us-gaap_IncreaseDecreaseInRoyaltiesPayable | (347)us-gaap_IncreaseDecreaseInRoyaltiesPayable |
Non-cash (gain) loss on changes in fair value of warrants | (1,083)us-gaap_FairValueAdjustmentOfWarrants | (1,737)us-gaap_FairValueAdjustmentOfWarrants | 1,766us-gaap_FairValueAdjustmentOfWarrants |
Stock-based compensation | 543us-gaap_ShareBasedCompensation | 678us-gaap_ShareBasedCompensation | 2,581us-gaap_ShareBasedCompensation |
Changes in operating assets and liabilities: | |||
Receivables | 850us-gaap_IncreaseDecreaseInAccountsReceivable | (172)us-gaap_IncreaseDecreaseInAccountsReceivable | (926)us-gaap_IncreaseDecreaseInAccountsReceivable |
Prepaid expenses and other assets | 59us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 483us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 149us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
Accounts payable | (710)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 1,351us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (1,022)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Other accrued liabilities | 172us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities | (340)us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities | 417us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities |
Deferred contract revenue | (3,646)us-gaap_IncreaseDecreaseInDeferredRevenue | (9,058)us-gaap_IncreaseDecreaseInDeferredRevenue | 14,375us-gaap_IncreaseDecreaseInDeferredRevenue |
Net cash provided by (used in) operating activities | (5,865)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (9,799)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 1,830us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
Cash flows from investing activities: | |||
Purchases of furniture and equipment | (18)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (318)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (1,154)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Net cash used in investing activities | (18)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (318)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (1,154)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
Cash flows from financing activities: | |||
Proceeds from issuance of common stock from the exercise of stock options | 0us-gaap_ProceedsFromStockOptionsExercised | 113us-gaap_ProceedsFromStockOptionsExercised | 0us-gaap_ProceedsFromStockOptionsExercised |
Proceeds from issuance of common stock and warrants, net of issuance costs | 9,591us-gaap_ProceedsFromIssuanceOfPrivatePlacement | 4,925us-gaap_ProceedsFromIssuanceOfPrivatePlacement | 7,516us-gaap_ProceedsFromIssuanceOfPrivatePlacement |
Issuance of common stock from the vesting of restricted shares | (36)ttnp_StockIssuedFromVestingOfRestrictedStock | 0ttnp_StockIssuedFromVestingOfRestrictedStock | 0ttnp_StockIssuedFromVestingOfRestrictedStock |
Proceeds from the exercise of warrants, net of issuance costs | 0us-gaap_ProceedsFromWarrantExercises | 1,275us-gaap_ProceedsFromWarrantExercises | 4,897us-gaap_ProceedsFromWarrantExercises |
Payments on long-term debt | 0us-gaap_RepaymentsOfLongTermDebt | (2,500)us-gaap_RepaymentsOfLongTermDebt | (393)us-gaap_RepaymentsOfLongTermDebt |
Net cash provided by financing activities | 9,555us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 3,813us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 12,020us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
Net increase (decrease) in cash | 3,672us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (6,304)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 12,696us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash at beginning of period | 11,798us-gaap_CashAndCashEquivalentsAtCarryingValue | 18,102us-gaap_CashAndCashEquivalentsAtCarryingValue | 5,406us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash at end of period | 15,470us-gaap_CashAndCashEquivalentsAtCarryingValue | 11,798us-gaap_CashAndCashEquivalentsAtCarryingValue | 18,102us-gaap_CashAndCashEquivalentsAtCarryingValue |
Supplemental disclosure of cash flow information | |||
Interest paid | 0us-gaap_InterestPaid | 1,568us-gaap_InterestPaid | 2,576us-gaap_InterestPaid |
Schedule of non-cash transactions | |||
Settlement of long-term debt | 0ttnp_SettlementOfLongtermDebt | 7,500ttnp_SettlementOfLongtermDebt | 0ttnp_SettlementOfLongtermDebt |
Fair value of warrants at the time of exercise | $ 0ttnp_FairValueOfWarrants | $ 4,686ttnp_FairValueOfWarrants | $ 0ttnp_FairValueOfWarrants |
X | ||||||||||
- Definition
The fair value of warrants at the time of exercise in noncash investing or financing activities. No definition available.
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X | ||||||||||
- Definition
This element represents the gain or loss on extinguishment of royalty liability. No definition available.
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X | ||||||||||
- Definition
Amount of long-term debt settled through noncash transactions. No definition available.
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X | ||||||||||
- Definition
Common stock issued from vesting of restricted stock. No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in other obligations or expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the obligations due for compensation payments related to the use of copyrights, patents, trade names, licenses, technology. Royalty payments are also paid by the lease holders for oil, gas, and mineral extraction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow associated with the amount received from entity's raising of capital via private rather than public placement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow associated with the amount received from holders exercising their stock warrants. No definition available.
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X | ||||||||||
- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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