Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
Net loss $ (8,636) $ (6,697)
Adjustments to reconcile net loss to net cash used in operating activities:    
(Gain) loss on warrants 721 (1,434)
Depreciation 55 44
Stock-based compensation [note 5[c] and 5[d]] 1,000 748
Changes in operating assets and liabilities:    
Interest receivable 52 6
Amounts receivable 47 (4,442)
Prepaid expenses and other assets 3,985 370
Accounts payable 784 (130)
Accrued liabilities 1,257 1,853
Accrued compensation (801) (848)
Restricted Cash 63  
Excess lease liability [note 6] (189) (164)
Lease Obligations (30) 3
Cash used in operating activities (1,692) (10,691)
FINANCING ACTIVITIES    
Proceeds from exercise of stock options 30 10
Cash provided by financing activities 30 10
INVESTING ACTIVITIES    
Purchase of investments (51) (11,280)
Sales of Investments   3,000
Proceeds from maturities of investments 15,758 19,627
Purchase of property and equipment (7) (110)
Cash provided by investing activities 15,700 11,237
Effect of exchange rate changes on cash (1) (3)
Increase in cash and cash equivalents during the period 14,037 553
Cash and cash equivalents, beginning of the period 14,593 18,075
Cash and cash equivalents, end of the period 28,630 18,628
Supplemental cash flow information    
Property and equipment acquired under lease obligation   $ 24