Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current    
Cash and cash equivalents [note 5] $ 18,075 $ 28,517
Short-term investments [note 5] 57,308 36,410
Interest receivable 327 363
Amounts receivable 714 449
Prepaid expenses 3,755 1,210
Total current assets 80,179 66,949
Restricted cash [note 5] 314 377
Property and equipment, net [note 6] 371 180
Other assets [note 8] 1,152 509
Total assets 82,016 68,015
Current    
Accounts payable and accrued liabilities 7,050 3,217
Deferred collaboration revenue [note 4] 0 18,271
Current portion of long-term obligations [note 7] 1,084 1,417
Warrant liability [note 5 and note 11] 3,422 7,881
Total current liabilities 11,556 30,786
Long-term obligations, less current portion [note 7] 4,253 6,339
Total liabilities 15,809 37,125
Commitments and contingencies [note 13]      
Shareholders' equity:    
Common shares [note 11]:$0.001 par value 25,000,000 shares authorized and 14,656,916 and 9,749,819 issued and outstanding at December 31, 2012 and 2011, respectively 15 10
Additional paid-in capital 165,395 108,986
Accumulated deficit (101,840) (80,742)
Accumulated other comprehensive income 2,637 2,636
Total shareholders' equity 66,207 30,890
Total liabilities and shareholders' equity $ 82,016 $ 68,015