Consolidated Statements of Loss (Income) (Unaudited) (USD $) In Thousands, except Share data |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
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| Consolidated Statements of Loss (Income) [Abstract] | ||||
| COLLABORATION REVENUE | $ 1,174 | $ 4,881 | $ 4,260 | $ 11,282 |
| EXPENSES | ||||
| Research and development | 3,814 | 6,723 | 14,076 | 16,182 |
| General and administrative | 1,457 | 1,067 | 4,499 | 3,892 |
| Restructuring expense [note 6] | 4,038 | 4,038 | ||
| Total expenses | 5,271 | 11,828 | 18,575 | 24,112 |
| LOSS FROM OPERATIONS | 4,097 | 6,947 | 14,315 | 12,830 |
| OTHER INCOME (EXPENSE) | ||||
| Interest income | 49 | 25 | 168 | 44 |
| Other | (62) | 28 | 22 | 2 |
| Gain on warrants [note 5] | 8,580 | 9,021 | ||
| Total other income | 8,567 | 53 | 9,211 | 46 |
| Loss (income) for the period before income taxes | (4,470) | 6,894 | 5,104 | 12,784 |
| Income tax recovery [note 3] | (3,000) | |||
| Net loss (income) | $ (4,470) | $ 6,894 | $ 5,104 | $ 9,784 |
| Basic loss (income) per common share | $ (0.46) | $ 1.07 | $ 0.52 | $ 1.53 |
| Diluted loss (income) per common share | $ (0.45) | $ 1.07 | $ 0.52 | $ 1.53 |
| Weighted average number of basic common shares | 9,736,589 | 6,453,950 | 9,722,836 | 6,396,210 |
| Weighted average number diluted common shares | 10,043,821 | 6,453,950 | 9,722,836 | 6,396,210 |
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- Definition Gain on warrants [note 5]
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- Definition COLLABORATION REVENUE
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues.
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Adjustment to remove noncash portion of restructuring costs and include cash payments when calculating cash flows from operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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