Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Activities:      
Net loss $ (31,849) $ (21,098) $ (14,673)
Adjustments to reconcile net loss to net cash used in operating activities:      
Gain on warrants (3,208) (4,459) (7,388)
Depreciation 227 100 75
Stock-based compensation [note11[c]] 2,834 2,175 1,188
Restructuring gain [note 7]   (1,657)  
Gain on non-monetary transaction [note 9]   (151)  
Changes in operating assets and liabilities:      
Interest receivable 109 36 211
Amounts receivable (7,943) (265) 201
Prepaid expenses and other assets (1,974) (3,037) 1,278
Accounts payable (1,190) (175) 1,222
Accrued liabilities 7,604 3,419 247
Accrued compensation 164 589 855
Restricted cash   63 125
Excess lease liability [Note 7] (680) (795) (407)
Lease obligation [note 7] (21) 33 154
Deferred collaboration revenue   (18,271) (3,351)
Net cash used in operating activities (35,927) (43,493) (20,263)
Financing Activities:      
Proceeds from the exercise of stock options 10 462 219
Issuance of common shares, net of share issuance costs   53,777  
Net cash provided by financing activities 10 54,239 219
Investing Activities:      
Purchase of investments (31,696) (110,443) (75,147)
Proceeds from sale of investments 1,000 7,365 12,656
Proceeds from maturities of investments 63,375 82,181 87,638
Purchase of property and equipment (253) (291) (79)
Net cash provided by (used in) investing activities 32,426 (21,188) 25,068
Effect of exchange rate changes on cash 9   (40)
Net increase (decrease) in cash and cash equivalents (3,482) (10,442) 4,984
Cash and cash equivalents at beginning of year 18,075 28,517 23,533
Cash and cash equivalents at end of year 14,593 18,075 28,517
Supplemental Disclosure of Cash Flow Information:      
Property and equipment acquired under lease obligation $ 24   $ 89