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SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables) | 12 Months Ended
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Dec. 31, 2014
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) |
Schedule of selected quarterly financial information (unaudited) |
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |
|  | (In thousands, except per share amounts) |
Year Ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 474 |  | $ | 341 |  | $ | 160 |  | $ | 178 |
Operating expenses |  |  | 9,205 |  |  | 9,004 |  |  | 10,067 |  |  | 9,189 |
Net loss |  |  | (8,440 | ) |  | (8,734 | ) |  | (9,549 | ) |  | (8,947 | )
Basic and diluted net loss per share |  | $ | (0.06 | ) | $ | (0.06 | ) | $ | (0.06 | ) | $ | (0.06 | )
Year Ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 765 |  | $ | 112 |  | $ | 181 |  | $ | 225 |
Operating expenses(1) |  |  | 12,750 |  |  | 9,077 |  |  | 8,914 |  |  | 9,500 |
Net loss |  |  | (11,897 | ) |  | (8,947 | ) |  | (8,254 | ) |  | (9,281 | )
Basic and diluted net loss per share |  | $ | (0.09 | ) | $ | (0.07 | ) | $ | (0.06 | ) | $ | (0.07 | )
(1) | The fourth quarter of 2013 includes approximately $430,000 in restructuring charges in connection with the closure our research laboratory facility located at 200 Constitution Drive, Menlo Park, California. See Note 6 on Restructurings.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 + Details
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