Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities    
Net income (loss) $ (883) $ 9,118
Less: gain from discontinued operations 3,670 4
Income (loss) from continuing operations (4,553) 9,114
Adjustments to reconcile net income (loss) to net cash used in operating activities, including effects of business acquired:    
Non-cash change in estimated fair value of contingent value rights 389 1,057
Accretion of deferred gain on sale leaseback    (851)
Depreciation and amortization 1,340 1,349
Non-cash lease costs   (135)
Stock-based compensation 2,103 1,696
Deferred income taxes 303 (13,590)
Other 221 109
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable 5,293 1,157
Inventory (305) (179)
Other current assets (683) 4,340
Other long term assets 214 570
Accounts payable and accrued liabilities (3,651) (8,918)
Other liabilities   (1,636)
Deferred revenue (1,572) (1,217)
Net cash used in operating activities of continuing operations (901) (7,134)
Net cash used in operating activities of discontinued operations (200)  
Net cash used in operating activities (1,101) (7,134)
Investing activities    
Acquisition of CyDex, net of cash acquired   (32,024)
Payments to CVR holders (4,549)  
Purchases of property, equipment and building (261) (5)
Proceeds from sale of property, and equipment and building 13  
Purchases of short-term investments   (10,000)
Proceeds from sale of short-term investments 8,500 19,346
Other, net   (33)
Net cash provided by (used in) investing activities 3,703 (22,716)
Financing activities    
Proceeds from issuance of debt 7,500 30,000
Repayment of debt (8,500)  
Proceeds from issuance of common stock, net 242  
Share repurchases   (55)
Net cash provided by (used in) financing activities (758) 29,945
Net increase in cash and cash equivalents 1,844 95
Cash and cash equivalents at beginning of period 7,041 3,346
Cash and cash equivalents at end of period 8,885 3,441
Supplemental Disclosure of cash flow information    
Interest paid 1,302 1,093
Taxes paid $ 15 $ 27