Quarterly Financial Data

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (unaudited)


	2013 Quarter Ended
	December 31		September 30		June 30		March 31
	(In thousands, except per share amounts)
Total revenue	$	313	$	325	$	282	$	284
Cost of Sales		86		86		78		67
Operating expenses		9,697		6,895		6,425		6,475
Other income (expense), net(1)		2,508		(536)		353		(159)
Net loss		(6,962)		(7,192)		(5,869)		(6,416)
Basic and diluted net loss per share	$	(0.13)	$	(0.17)	$	(0.15)	$	(0.17)


	2012 Quarter Ended
	December 31		September 30		June 30		March 31
	(In thousands, except per share amounts)
Total revenue	$	211	$	264	$	249	$	644
Cost of Sales		55		72		64		72
Operating expenses		6,949		5,269		5,534		5,898
Other income (expense), net(1)		4,034		(11,260)		6,183		(4,903)
Net income (loss)		(2,758)		(16,337)		833		(10,229)
Basic and diluted net income (loss) per share	$	(0.07)	$	(0.54)	$	0.03	$	(0.45)

(1)	Other expense, net, for 2013 and 2012, includes the change in fair value of our warrant liability — see Note 13.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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