|
FY2012
12 months to Dec 31, 2012
|
FY2011
12 months to Dec 31, 2011
|
|
|---|---|---|
| Operating activities: | ||
| Net loss | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | ||
| Amortization of intangible assets | ||
| Stock-based compensation | ||
| Provision for inventory reserve | ||
| Amortization of premium on investment securities | ||
| Loss on asset impairment | ||
| Provision for doubtful accounts | ||
| Issuance of stock under development agreement | ||
| Issuance of stock under amendment to development agreement (Note 7) | ||
| Non-cash changes under credit facility | ||
| Changes in operating assets and liabilities: | ||
| Accounts receivable | ||
| Inventory | ||
| Deferred cost of revenue | ||
| Prepaid and other current assets | ||
| Other assets | ||
| Accounts payable | ||
| Accrued compensation and employee benefits | ||
| Other accrued liabilities | ||
| Deferred revenue | ||
| Net cash used in operating activities | ||
| Investing activities: | ||
| Purchase of investments | ||
| Proceeds from sales and maturities of investments | ||
| Acquisition of property and equipment | ||
| Acquisition of intangible assets | ||
| Net cash provided by (used in) investing activities | ||
| Financing activities: | ||
| Proceeds from issuance of common stock in equity financing, net of underwriting fees | ||
| Equity financing costs | ||
| Proceeds from employee stock purchase plan | ||
| Exercise of common stock options and warrants for cash | ||
| Payment of payroll taxes relating to vesting of restricted stock | ||
| Net cash provided by financing activities | ||
| Net increase (decrease) in cash and cash equivalents | ||
| Cash and cash equivalents at beginning of year | ||
| Cash and cash equivalents at end of year | ||
| Non-cash investing and financing activities: | ||
| Receipt of 6,834, 43,058, and 28,307 shares of common stock delivered in payment of payroll taxes for the years ended December 31, 2012, 2011 and 2010, respectively | ||
| Transfers of inventory to property and equipment | ||
| Issuance of restricted stock under development agreement (Note 7) |
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