Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
OPERATING ACTIVITIES    
Net loss $ (6,697) $ (6,860)
Adjustments to reconcile net loss to net cash used in operating activities:    
(Gain) loss on warrants (1,434) 1,430
Depreciation 44 19
Stock-based compensation [note 5[c]] 748 320
Changes in operating assets and liabilities:    
Interest receivable 6 (9)
Amounts receivable (4,442) 47
Prepaid expenses 370 (869)
Accounts payable and accrued liabilities 875 (340)
Excess lease liability [note 6] (161) (185)
Deferred collaboration revenue   (936)
Cash used in operating activities (10,691) (7,383)
FINANCING ACTIVITIES    
Proceeds from exercise of stock options 10 2
Issuance of common shares, net of share issue costs   53,777
Cash provided by financing activities 10 53,779
INVESTING ACTIVITIES    
Purchase of investments (14,215) (41,710)
Proceeds from maturities of investments 25,562 23,651
Purchase of property and equipment (110)  
Cash provided by (used in) investing activities 11,237 (18,059)
Effect of exchange rate changes on cash (3) (2)
Increase in cash and cash equivalents during the period 553 28,335
Cash and cash equivalents, beginning of the period 18,075 28,517
Cash and cash equivalents, end of the period 18,628 56,852
Supplemental cash flow information    
Property and equipment acquired under lease obligation $ 24