Annual report pursuant to Section 13 and 15(d)

Barter Transaction

v2.4.1.9
Barter Transaction
12 Months Ended
Dec. 31, 2014
Nonmonetary Transactions [Abstract]  
Barter Transaction

9. BARTER TRANSACTION

During 2012, we entered into a barter transaction, exchanging laboratory capital assets with a zero net book value for barter credits on future apatorsen preclinical research services. The credits were recorded at the fair value of the laboratory capital assets exchanged, in accordance with ASC 845, “Nonmonetary Transactions” resulting in other income of $0.2 million, which was recorded in our Consolidated Statement of Loss, in 2012. As of December 31, 2013 all the barter credits had been utilized in exchange for preclinical research services related to apatorsen.