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Acquisition of Isconova AB (Tables) | 9 Months Ended
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Sep. 30, 2013
Acquisition Of Isconova AB [Abstract] |
Schedule of Purchase Price | The total purchase price is summarized as follows (in thousands):
Value of shares of Novavax Common Stock issued |  | $ | 41,942 |
Cash paid to Isconova warrant holders |  |  | 22 |
Total purchase price |  | $ | 41,964 |
Schedule of Assets Acquired and Liabilities Assumed |
|  | (in thousands) |
Cash and cash equivalents |  | $ | 3,056 |
Accounts receivable |  |  | 603 |
Prepaid expenses and other assets |  |  | 1,092 |
Property and equipment |  |  | 165 |
Intangible assets |  |  | 16,380 |
Goodwill |  |  | 25,298 |
Accounts payable and other current liabilities |  |  | (2,784 | )
Capital leases |  |  | (94 | )
Notes payable |  |  | (193 | )
Other non-current liabilities |  |  | (1,559 | )
Total purchase price |  | $ | 41,964 |
Unaudited Pro Forma Financial Information of Operations | The unaudited pro forma financial information combines the historical results of operations of Novavax and Isconova for the periods presented below and reflects the application of the following adjustments:
| · | Elimination of the historical intangible assets and amortization expense unrelated to the Acquisition;
| · | Amortization expense related to the fair value of intangible assets acquired; and
| · | The exclusion of acquisition-related costs incurred for the Acquisition.
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
|  | (in thousands) |
Revenue |  | $ | 4,869 |  |  | $ | 6,272 |  |  | $ | 14,195 |  |  | $ | 19,530 |
Net loss |  | $ | (15,687 | ) |  | $ | (8,490 | ) |  | $ | (40,565 | ) |  | $ | (25,033 | )
Basic and diluted net loss per share |  | $ | (0.09 | ) |  | $ | (0.06 | ) |  | $ | (0.24 | ) |  | $ | (0.18 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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