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(5) STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2012
Stock-based compensation expense
    Three Months Ended   Six Months Ended
    June 30,   June 30,    
    2012   2011   2012   2011
                 
Operating expenses:                                
Research and development   $ 360     $ 73     $ 664     $ 148  
General and administrative     655       33       1,129       197  
Total stock-based compensation expense   $ 1,015     $ 106     $ 1,793     $ 345  
                                 
Impact on basic and diluted net loss per common share   $ 0.01     $ —       $ 0.01     $ 0.01  
Schedule of share-based compensation
          Weighted-
         Average
     Weighted-  Remaining
      Average  Contractual
  Shares  Exercise  Term
  (in thousands)  Price  (Years)
          
Outstanding at January 1, 2012   50,106   $0.31    9.42 
Granted   14,650   $0.56      
Exercised   —             
Expired and forfeited   (1,094)  $0.81      
Outstanding at June 30, 2012   63,662   $0.36    8.34