2012 Q4 Form 10-Q Financial Statement
#000104746912010412 Filed on November 13, 2012
Income Statement
Concept | 2012 Q4 | 2012 Q3 | 2011 Q4 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $3.880M | $2.300M | $1.620M |
YoY Change | 139.51% | 137.11% | |
% of Gross Profit | |||
Research & Development | $4.094M | $8.132M | $4.400M |
YoY Change | -6.95% | 163.85% | |
% of Gross Profit | |||
Depreciation & Amortization | $60.00K | $60.00K | $40.00K |
YoY Change | 50.0% | 100.0% | |
% of Gross Profit | |||
Operating Expenses | $7.976M | $10.43M | $6.020M |
YoY Change | 32.49% | 157.72% | |
Operating Profit | -$7.976M | -$10.43M | -$6.020M |
YoY Change | 32.49% | 157.72% | |
Interest Expense | $60.00K | $60.00K | $20.00K |
YoY Change | 200.0% | ||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$7.920M | -$10.37M | -$6.010M |
YoY Change | 31.78% | 156.05% | |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$7.921M | -$10.37M | -$6.005M |
YoY Change | 31.91% | 156.17% | |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$390.0K | -$514.4K | -$297.1K |
COMMON SHARES | |||
Basic Shares Outstanding | 21.26M shares | 21.25M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2012 Q4 | 2012 Q3 | 2011 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $56.60M | $46.90M | $47.80M |
YoY Change | 18.41% | 13.29% | |
Cash & Equivalents | $10.10M | $11.13M | $20.95M |
Short-Term Investments | $46.50M | $35.70M | $26.90M |
Other Short-Term Assets | $300.0K | $300.0K | $100.0K |
YoY Change | 200.0% | ||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $57.08M | $47.28M | $47.94M |
YoY Change | 19.07% | 14.21% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $811.0K | $884.0K | $709.0K |
YoY Change | 14.39% | 26.29% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $34.90M | $50.60M | $9.000M |
YoY Change | 287.78% | ||
Other Assets | $100.0K | $100.0K | $1.307M |
YoY Change | -92.35% | -50.0% | |
Total Long-Term Assets | $35.84M | $51.55M | $11.10M |
YoY Change | 223.01% | 5054.9% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $57.08M | $47.28M | $47.94M |
Total Long-Term Assets | $35.84M | $51.55M | $11.10M |
Total Assets | $92.92M | $98.83M | $59.04M |
YoY Change | 57.4% | 133.09% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.848M | $1.737M | $2.273M |
YoY Change | -18.7% | 44.75% | |
Accrued Expenses | $551.0K | $1.412M | $873.0K |
YoY Change | -36.88% | 101.71% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.399M | $3.149M | $3.146M |
YoY Change | -23.74% | 57.45% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $58.00K | $100.0K | $500.0K |
YoY Change | -88.4% | 0.0% | |
Total Long-Term Liabilities | $58.00K | $100.0K | $500.0K |
YoY Change | -88.4% | 0.0% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.399M | $3.149M | $3.146M |
Total Long-Term Liabilities | $58.00K | $100.0K | $500.0K |
Total Liabilities | $2.457M | $3.200M | $3.700M |
YoY Change | -33.59% | 52.38% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$46.45M | -$38.53M | -$14.47M |
YoY Change | 221.08% | ||
Common Stock | $2.000K | $2.000K | $1.000K |
YoY Change | 100.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $90.47M | $95.61M | -$12.77M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $92.92M | $98.83M | $59.04M |
YoY Change | 57.4% | 133.09% |
Cashflow Statement
Concept | 2012 Q4 | 2012 Q3 | 2011 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$7.921M | -$10.37M | -$6.005M |
YoY Change | 31.91% | 156.17% | |
Depreciation, Depletion And Amortization | $60.00K | $60.00K | $40.00K |
YoY Change | 50.0% | 100.0% | |
Cash From Operating Activities | -$5.920M | -$6.740M | -$4.070M |
YoY Change | 45.45% | 57.85% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $10.00K | -$150.0K | -$40.00K |
YoY Change | -125.0% | -58.33% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $4.880M | $2.260M | -$35.85M |
YoY Change | -113.61% | ||
Cash From Investing Activities | $4.890M | $2.110M | -$35.88M |
YoY Change | -113.63% | -670.27% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 0.000 | 19.48M |
YoY Change | -100.0% | -100.0% | |
NET CHANGE | |||
Cash From Operating Activities | -5.920M | -6.740M | -4.070M |
Cash From Investing Activities | 4.890M | 2.110M | -35.88M |
Cash From Financing Activities | 0.000 | 0.000 | 19.48M |
Net Change In Cash | -1.030M | -4.630M | -20.47M |
YoY Change | -94.97% | -116.98% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.920M | -$6.740M | -$4.070M |
Capital Expenditures | $10.00K | -$150.0K | -$40.00K |
Free Cash Flow | -$5.930M | -$6.590M | -$4.030M |
YoY Change | 47.15% | 68.54% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
vstm |
Issuance Of Common Stock In Exchange For License
IssuanceOfCommonStockInExchangeForLicense
|
2003000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6314000 | USD | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
439000 | USD | |
us-gaap |
Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
|
398000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
428000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1737000 | USD | |
vstm |
Increase Decrease In Accrued Liabilities And Deferred Rent
IncreaseDecreaseInAccruedLiabilitiesAndDeferredRent
|
1459000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1114000 | USD | |
CY2012Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2298000 | USD |
CY2012Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
10430000 | USD |
CY2012Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-10430000 | USD |
CY2012Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
63000 | USD |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
20954000 | USD |
CY2011Q4 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
74000 | USD |
CY2011Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3146000 | USD |
CY2011Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
873000 | USD |
CY2011Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2273000 | USD |
CY2011Q4 | us-gaap |
Assets
Assets
|
59037000 | USD |
CY2011Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
86000 | USD |
CY2011Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1307000 | USD |
CY2011Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
709000 | USD |
CY2011Q4 | us-gaap |
Assets Current
AssetsCurrent
|
47941000 | USD |
CY2011Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
130000 | USD |
CY2011Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
26857000 | USD |
CY2012Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1412000 | USD |
CY2012Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
429000 | USD |
CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
59037000 | USD |
CY2011Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-14467000 | USD |
CY2011Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-2000 | USD |
CY2011Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1702000 | USD |
CY2011Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1000 | USD |
CY2012Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
21255058 | shares |
CY2011Q4 | us-gaap |
Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
|
8994000 | USD |
CY2011Q4 | us-gaap |
Employee Stock Ownership Plan Esop Fair Value Of Shares Subject To Repurchase Obligation
EmployeeStockOwnershipPlanESOPFairValueOfSharesSubjectToRepurchaseObligation
|
36000 | USD |
CY2011Q4 | vstm |
Warrants Issue Obligation Noncurrent
WarrantsIssueObligationNoncurrent
|
406000 | USD |
CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-12766000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
206000 | USD | |
us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
40000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-38570000 | USD | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
7161000 | shares | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
229000 | USD | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
191000 | USD | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-6.27 | ||
CY2012Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-10335000 | USD |
CY2011Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
41421000 | USD |
CY2011Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
1361000 | shares |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
181761000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
86000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-87482000 | USD | |
us-gaap |
Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
|
68107000 | USD | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
56878000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
124987000 | USD | |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
11126000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-26379000 | USD | |
CY2011Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2011Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2011Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2011Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
53093000 | shares |
CY2011Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1559000 | shares |
CY2011Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1559000 | shares |
CY2011Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3584000 | USD |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
95479000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-38509000 | USD | |
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
|
68148000 | USD | |
us-gaap |
Stock Issued1
StockIssued1
|
837000 | USD | |
CY2011Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
35852000 | USD |
CY2011Q4 | us-gaap |
Investment Owned At Cost
InvestmentOwnedAtCost
|
56806000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
|
35851000 | USD |
CY2011Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
56805000 | USD |
CY2012Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
46000 | USD |
CY2011Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
23000 | USD |
CY2012Q3 | us-gaap |
Deferred Rent Credit Current
DeferredRentCreditCurrent
|
34000 | USD |
CY2011Q4 | us-gaap |
Deferred Rent Credit Current
DeferredRentCreditCurrent
|
27000 | USD |
CY2012Q3 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
48000 | USD |
CY2012Q3 | us-gaap |
Interest Receivable Current
InterestReceivableCurrent
|
125000 | USD |
CY2012Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10367000 | USD |
CY2011Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4047000 | USD |
CY2011Q3 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
10000 | USD |
CY2012Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-10367000 | USD |
CY2011Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4057000 | USD |
CY2011Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-2.98 | |
CY2012Q3 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
102000 | USD |
CY2012Q3 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
86284000 | USD |
CY2012Q3 | us-gaap |
Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
|
32000 | USD |
CY2012Q3 | us-gaap |
Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
|
10000 | USD |
CY2012Q3 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
97432000 | USD |
CY2012Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
766000 | USD |
CY2011Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
86000 | USD |
CY2012Q3 | vstm |
Contract Research Organizations Current
ContractResearchOrganizationsCurrent
|
314000 | USD |
CY2011Q4 | vstm |
Contract Research Organizations Current
ContractResearchOrganizationsCurrent
|
217000 | USD |
CY2012Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
252000 | USD |
CY2011Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
520000 | USD |
CY2011Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
77000 | USD |
CY2011Q4 | us-gaap |
Interest Receivable Current
InterestReceivableCurrent
|
53000 | USD |
CY2012Q3 | us-gaap |
Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
|
11740794 | shares |
CY2012Q1 | vstm |
Common Stock Reverse Stock Split Conversion Ratio
CommonStockReverseStockSplitConversionRatio
|
3.5 | pure |
CY2012Q1 | us-gaap |
Share Price
SharePrice
|
10.00 | |
CY2012Q1 | vstm |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Initial Authorization
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesInitialAuthorization
|
3428571 | shares |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
571242 | shares |
vstm |
Share Based Compensation Arrangement By Share Based Payment Award Annual Increase In Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardAnnualIncreaseInNumberOfSharesAuthorized
|
1285714 | shares | |
vstm |
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Common Stock For Computation Of Annual Increase In Number Of Shares Reserved
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingCommonStockForComputationOfAnnualIncreaseInNumberOfSharesReserved
|
0.04 | pure | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
742000 | USD | |
CY2012Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
20160000 | shares |
CY2012Q1 | vstm |
Proceeds From Issuance Initial Public Offering Net
ProceedsFromIssuanceInitialPublicOfferingNet
|
56800000 | USD |
CY2012Q3 | us-gaap |
Short Term Investments
ShortTermInvestments
|
35726000 | USD |
CY2011Q4 | us-gaap |
Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
|
6000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
|
7000 | USD |
CY2012Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
11126000 | USD |
CY2012Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
6325000 | shares |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
17618000 | USD | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5483000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6636000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2195000 | USD | |
us-gaap |
Operating Expenses
OperatingExpenses
|
24254000 | USD | |
us-gaap |
Operating Expenses
OperatingExpenses
|
7678000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-24254000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7678000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-24063000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7678000 | USD | |
us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
6000 | USD | |
us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
18000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-24069000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-7696000 | USD | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
18246000 | shares | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
1226000 | shares | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-24039000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-7678000 | USD | |
CY2012Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
8132000 | USD |
vstm |
Issuance Of Common Stock In Exchange For License
IssuanceOfCommonStockInExchangeForLicense
|
1957000 | USD | |
CY2011Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3082000 | USD |
CY2011Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
965000 | USD |
CY2011Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
4047000 | USD |
CY2011Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4047000 | USD |
CY2011Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-4047000 | USD |
CY2012Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.51 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.32 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
146000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4627000 | USD | |
us-gaap |
Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
|
431000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
298000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-6000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-536000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
967000 | USD | |
vstm |
Increase Decrease In Accrued Liabilities And Deferred Rent
IncreaseDecreaseInAccruedLiabilitiesAndDeferredRent
|
1059000 | USD | |
vstm |
Increase Decrease In Accrued Liabilities And Deferred Rent
IncreaseDecreaseInAccruedLiabilitiesAndDeferredRent
|
754000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-16677000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-5298000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
321000 | USD | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
145910000 | USD | |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
95479000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-50752000 | USD | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
57599000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
57601000 | USD | |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-9828000 | USD | |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
37837000 | USD | |
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
|
68148000 | USD | |
us-gaap |
Stock Issued1
StockIssued1
|
837000 | USD | |
CY2012Q3 | us-gaap |
Assets Current
AssetsCurrent
|
47281000 | USD |
CY2012Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
884000 | USD |
CY2012Q3 | us-gaap |
Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
|
50579000 | USD |
CY2012Q3 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
86000 | USD |
CY2012Q3 | us-gaap |
Assets
Assets
|
98830000 | USD |
CY2012Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1737000 | USD |
CY2012Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3149000 | USD |
CY2012Q3 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
47000 | USD |
CY2012Q3 | us-gaap |
Employee Stock Ownership Plan Esop Fair Value Of Shares Subject To Repurchase Obligation
EmployeeStockOwnershipPlanESOPFairValueOfSharesSubjectToRepurchaseObligation
|
22000 | USD |
CY2012Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2012Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
2000 | USD |
CY2012Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
134118000 | USD |
CY2012Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
22000 | USD |
CY2012Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-38530000 | USD |
CY2012Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
95612000 | USD |
CY2012Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
98830000 | USD |
CY2012Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2012Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2012Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2012Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2012Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
21255000 | shares |
CY2012Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
21255000 | shares |
dei |
Entity Registrant Name
EntityRegistrantName
|
Verastem, Inc. | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001526119 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-09-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
CY2012Q3 | us-gaap |
Investment Owned At Cost
InvestmentOwnedAtCost
|
97410000 | USD |
CY2012Q3 | us-gaap |
Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
|
86306000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
43000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
132000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
754000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
86000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-840000 | USD | |
us-gaap |
Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
|
43937000 | USD | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
38000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
43975000 | USD | |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
20954000 | USD |
CY2012Q3 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
11126000 | USD |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2000 | USD | |
CY2012Q3 | vstm |
Prepaid Contract Research Organizations Current
PrepaidContractResearchOrganizationsCurrent
|
154000 | USD |