Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current    
Cash and cash equivalents [note 4] $ 18,628 $ 18,075
Short-term investments [note 4] 45,961 57,308
Interest receivable 321 327
Amounts receivable 5,156 714
Prepaid expenses 3,385 3,755
Total current assets 73,451 80,179
Restricted cash [note 4] 314 314
Property and equipment, net 437 371
Other assets 1,152 1,152
Total assets 75,354 82,016
Current    
Accounts payable and accrued liabilities 7,925 7,050
Current portion of long-term obligations [note 6] 1,088 1,084
Warrant liability [note 4 and note 5] 1,988 3,422
Total current liabilities 11,001 11,556
Long-term obligations, less current portion [note 6] 4,088 4,253
Total liabilities 15,089 15,809
Commitments and contingencies [note 7]      
Stockholders' equity:    
Common shares [note 5]: $0.001 par value 25,000,000 shares authorized and 14,670,020 and14,656,916 issued and outstanding at March 31, 2013 and December 31, 2012, respectively 15 15
Additional paid-in capital 166,156 165,395
Accumulated deficit (108,537) (101,840)
Accumulated other comprehensive income 2,631 2,637
Total stockholders' equity 60,265 66,207
Total liabilities and stockholders' equity $ 75,354 $ 82,016