XML 29 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating activities:    
Net loss $ (4,912)us-gaap_NetIncomeLoss $ (4,869)us-gaap_NetIncomeLoss
Change in valuation of financial instruments associated with stock purchase agreement 20cycc_ExpenseRelatedToStockPurchaseAgreement 47cycc_ExpenseRelatedToStockPurchaseAgreement
Depreciation 52us-gaap_DepreciationDepletionAndAmortization 23us-gaap_DepreciationDepletionAndAmortization
Stock-based compensation 164us-gaap_ShareBasedCompensation 187us-gaap_ShareBasedCompensation
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,111)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (1,360)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and other current liabilities 887us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities 1,246us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
Net cash used in operating activities (4,900)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (4,726)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing activities:    
Purchase of property, plant and equipment (14)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (31)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Minimum royalty payments received from termination of ALIGN license agreement 23us-gaap_PaymentsForProceedsFromOtherInvestingActivities 96us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash provided by investing activities 9us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 65us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing activities:    
Proceeds from issuance of common stock, net of issuance costs 10,433us-gaap_ProceedsFromIssuanceOfCommonStock 1,676us-gaap_ProceedsFromIssuanceOfCommonStock
Payment of preferred stock dividend (50)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (50)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Net cash provided by financing activities 10,383us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 1,626us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (318)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations 43us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
Net (decrease) increase in cash and cash equivalents 5,174us-gaap_NetCashProvidedByUsedInContinuingOperations (2,992)us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents, beginning of period 24,189us-gaap_CashAndCashEquivalentsAtCarryingValue 31,146us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 29,363us-gaap_CashAndCashEquivalentsAtCarryingValue 28,154us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash received during the period for:    
Interest 1us-gaap_ProceedsFromInterestReceived 1us-gaap_ProceedsFromInterestReceived
Cash paid during the period for:    
Taxes   $ 25us-gaap_IncomeTaxesPaid