Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
License revenue $ 911 $ 2,198 $ 1,823 $ 5,948
Royalty revenue 0 0 0 1,424
Total revenue 911 2,198 1,823 7,372
Operating expenses:        
Research and development 748 1,789 1,698 5,701
General and administrative 713 701 1,609 1,792
Total operating expenses 1,461 2,490 3,307 7,493
Loss from operations (550) (292) (1,484) (121)
Other income (expense):        
Interest expense, net 0 0 0 (1,569)
Other income (expense), net (8) (6) (14) 10,438
Non-cash gain (loss) on changes in the fair value of warrants (284) 5,362 (1,148) 2,317
Other income (expense), net (292) 5,356 (1,162) 11,186
Net income (loss) and comprehensive income (loss) $ (842) $ 5,064 $ (2,646) $ 11,065
Basic net income (loss) per common share (in dollars per share) $ (0.01) $ 0.06 $ (0.03) $ 0.14
Diluted net income (loss) per common share (in dollars per share) $ (0.01) $ 0.00 $ (0.03) $ 0.10
Weighted average shares used in computing basic net income (loss) per common share (in shares) 88,998 82,527 88,964 80,403
Weighted average shares used in computing diluted net income (loss) per common share (in shares) 88,998 82,559 88,964 86,271