Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (unaudited)

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Condensed Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net loss $ (6,887) $ (11,501)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 9 19
Amortization of discount on long-term debt 0 783
Interest on royalty liability 540 0
Non-cash (gain) loss on changes in the fair value of warrants (1,939) 1,630
Stock-based compensation 1,868 569
Changes in operating assets and liabilities:    
Receivables (190) (506)
Prepaid expenses and other assets 31 (634)
Accounts payable and other accrued liabilities 1,379 672
Net cash used in operating activities (5,189) (8,968)
Cash flows from investing activities:    
Purchases of furniture and equipment (989) (58)
Disposals of furniture and equipment 0 2
Net cash used in investing activities (989) (56)
Cash flows from financing activities:    
Proceeds from issuing common stock and warrants, net of issuance costs 4,966 0
Proceeds from long-term debt, net 0 19,500
Payments on long-term debt (90) (7,564)
Net cash provided by financing activities 4,876 11,936
Net increase (decrease) in cash and cash equivalents (1,302) 2,912
Cash and cash equivalents at beginning of period 5,406 3,180
Cash and cash equivalents at end of period $ 4,104 $ 6,092