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
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net loss $ (14,901) $ (12,305)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 13 26
Amortization of discount on long-term debt    1,272
Interest on royalty liability 778   
Non-cash (gain) loss on changes in fair value of warrants 1,734 (760)
Stock-based compensation 2,233 808
Changes in operating assets and liabilities:    
Receivables 190 (1,572)
Prepaid expenses and other assets 48 (605)
Accounts payable and other accrued liabilities 639 848
Deferred revenue 1,700   
Net cash used in operating activities (7,566) (12,288)
Cash flows from investing activities:    
Purchases of furniture and equipment (1,122) (58)
Disposals of furniture and equipment    2
Net cash used in investing activities (1,122) (56)
Cash flows from financing activities:    
Proceeds from issuing common stock and warrants, net of issuance costs 7,516   
Proceeds from the exercise of warrants, net of issuance costs 963   
Proceeds from long-term debt, net    19,500
Payments on long-term debt (135) (7,564)
Net cash provided by financing activities 8,344 11,936
Net increase (decrease) in cash and cash equivalents (344) (408)
Cash and cash equivalents at beginning of period 5,406 3,180
Cash and cash equivalents at end of period $ 5,062 $ 2,772