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
Jun. 30, 2013
Dec. 31, 2012
Current    
Cash and cash equivalents [note 4] $ 18,749 $ 18,075
Short-term investments [note 4] 38,243 57,308
Interest receivable 300 327
Amounts receivable 6,439 714
Prepaid expenses and other current assets 3,542 3,755
Total current assets 67,273 80,179
Restricted cash [note 4] 314 314
Property and equipment, net 496 371
Other assets 1,225 1,152
Total assets 69,308 82,016
Current    
Accounts payable 130 1,329
Accrued Liabilities 9,273 4,180
Accrued Compensation 1,137 1,541
Current portion of long-term obligations [note 6] 1,089 1,084
Warrant liability [note 4 and note 5] 1,087 3,422
Total current liabilities 12,716 11,556
Long-term obligations, less current portion [note 6] 3,907 4,253
Total liabilities 16,623 15,809
Commitments and contingencies [note 7]      
Stockholders' equity:    
Common shares [note 5]: $0.001 par value, 50,000,000 and 25,000,000 shares authorized and 14,680,395 and 14,656,916 issued and outstanding at June 30, 2013 and December 31, 2012, respectively 15 15
Additional paid-in capital 167,011 165,395
Accumulated deficit (116,957) (101,840)
Accumulated other comprehensive income 2,616 2,637
Total stockholders' equity 52,685 66,207
Total liabilities and stockholders' equity $ 69,308 $ 82,016