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
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES    
Net loss $ (20,559) $ (25,171)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on warrants (2,768) (2,874)
Warrant Issuance Costs 531  
Depreciation 165 162
Stock-based compensation [note 5[c] and 5[d]] 2,968 2,490
Changes in operating assets and liabilities:    
Interest receivable 199 32
Amounts receivable 3,830 (9,208)
Prepaid expenses and other current and non-current assets 3,646 1,019
Accounts payable 1,423 (1,290)
Accrued liabilities 1,383 7,154
Accrued compensation (596) (184)
Restricted Cash 63  
Excess lease liability [note 6] (582) (504)
Lease Obligations (67) (15)
Cash used in operating activities (10,364) (28,389)
FINANCING ACTIVITIES    
Proceeds from issuance of common shares and warrants, net of issuance costs [note 5[b]] 22,372  
Proceeds from exercise of stock options 30 10
Taxes paid related to net share settlement of equity awards (28)  
Cash provided by financing activities 25,234 10
INVESTING ACTIVITIES    
Purchase of investments (5,279) (31,615)
Proceeds from maturities of investments 24,846 55,096
Purchase of property and equipment (80) (234)
Cash provided by investing activities 19,487 23,247
Effect of exchange rate changes on cash   7
Increase in cash and cash equivalents during the period 34,357 (5,125)
Cash and cash equivalents, beginning of the period 14,593 18,075
Cash and cash equivalents, end of the period 48,950 12,950
Property and equipment acquired under lease obligation   24
ATM Financing [Member]
    
FINANCING ACTIVITIES    
Proceeds from issuance of common shares and warrants, net of issuance costs [note 5[b]] $ 2,860