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snta:Vote iso4217:USD xbrli:shares false --12-31 FY 2014 2014-12-31 10-K 0001157601 109120670 Yes Accelerated Filer 275002606.09 SYNTA PHARMACEUTICALS CORP No No 10407000 12317000 5718000 6177000 1000000 18000 12000 1000 8000 50000000 27000000 1 600000 2000000 4000000 788000 36 9 30 36 1400000 P3Y 2000000 3167000 661000 1920000 5646000 1910000 300000 600000 400000 P3M P3M P1Y P1Y 2 1 3 <div> <div style="margin-left:0pt;margin-right:0pt;"> 7) Other Accrued Liabilities         Other accrued liabilities as of December 31, 2014 and December 31, 2013 consisted of the following (in thousands):                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.24%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:21.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2014 </td> <td valign="bottom" style="width:01.22%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:21.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2013 </td> <td valign="bottom" style="width:01.22%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #CCEEFF;padding:0pt;"> Compensation and benefits </td> <td valign="bottom" style="width:01.24%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,852  </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,137  </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> Professional fees </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,285  </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,585  </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #CCEEFF;padding:0pt;"> Other </td> <td valign="bottom" style="width:01.24%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,040  </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>996  </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,177  </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,718  </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div> 1800000 2900000 1900000 <div> <div style="margin-left:0pt;margin-right:0pt;"> Patents         Costs to secure and defend patents are expensed as incurred and are classified as general and administrative expense in the Company's consolidated statements of operations. Patent expenses were approximately $1.9 million, $2.9 million, and $1.8 million for the years ended December 31, 2014, 2013 and 2012, respectively. </div> </div> 0.03 53545000 19437000 4992000 0 0 0 <div> <div style="margin-left:0pt;margin-right:0pt;">         Other accrued liabilities as of December 31, 2014 and December 31, 2013 consisted of the following (in thousands):                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.24%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:21.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2014 </td> <td valign="bottom" style="width:01.22%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:21.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2013 </td> <td valign="bottom" style="width:01.22%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #CCEEFF;padding:0pt;"> Compensation and benefits </td> <td valign="bottom" style="width:01.24%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,852  </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,137  </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> Professional fees </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,285  </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,585  </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #CCEEFF;padding:0pt;"> Other </td> <td valign="bottom" style="width:01.24%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,040  </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>996  </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,177  </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,718  </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;">         Stock-based compensation expense during the years ended December 31, 2014, 2013 and 2012 was as follows (in thousands):                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;padding:0pt;">   </td> <td colspan="8" valign="bottom" style="width:26.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Years ended December 31, </td> <td valign="bottom" style="width:00.74%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:00.74%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:08.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2013 </td> <td valign="bottom" style="width:00.74%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:08.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2012 </td> <td valign="bottom" style="width:00.74%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> Stock-based compensation expense by type of award: </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> Employee stock options </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,076  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,757  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,082  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> Restricted stock </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>355  </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>273  </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>240  </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> Total stock-based compensation expense </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,431  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,030  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,322  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> Effect of stock-based compensation expense by line item: </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> Research and development </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,412  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,220  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,485  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> General and administrative </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,019  </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,810  </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>837  </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> Total stock-based compensation expense included in net loss </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,431  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,030  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,322  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div> 1300000 0.05 11264102 10916667 21692753 7762600 5183333 1250000 65107000 65106000 1000 37629000 37628000 1000 88942000 88940000 2000 53545000 53544000 1000 19437000 19436000 1000 4992000 4992000 4.25 4.24 4.05

6589000

3139000

1585000

1285000

20476000

20483000

42000

17000

4000

600477000

702694000

3322000

6030000

7431000

3322000

3082000

837000

2485000

240000

6030000

5757000

2810000

3220000

273000

7431000

7076000

3019000

4412000

355000

5521584

35122

6814417

45000

8829343

744514

95203000

100675000

92241000

99346000

42969000

42986000

51662000

51666000

18000

12000

1000

8000

42986000

51666000

85000

42000

126000

85000

43000

88000

44000

3000

30075000

81512000

48490000

46024000

48490000

40586000

7904000

40586000

7904000

46024000

45004000

1020000

45004000

1020000

91459000

91476000

97700000

97686000

97690000

0.0001

200000000

49539808

68930082

85232506

109120670

85232506

109120670

9000

11000

-62791000

-90177000

-86174000

<div> <div style="margin-left:0pt;margin-right:0pt;">         Future minimum payments, excluding operating costs and taxes, under the Company's capital and non-cancellable operating leases are approximately as follows (in thousands):                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating leases </td> <td valign="bottom" style="width:01.18%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Capital leases </td> <td valign="bottom" style="width:01.58%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> Years ending December 31, </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,226 </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44 </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,995 </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44 </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;padding:0pt;"> —   </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> Total minimum payments </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,246 </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88 </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> Less: amount representing interest </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3 </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> Present value of minimum payments </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85 </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> Less current portions of obligations </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(42 </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> Long term obligation </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43 </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

0.0975

0.1335

108000

200067000

226985000

170557000

194091000

1169000

1427000

2412000

2423000

19675000

21401000

6254000

7643000

200067000

226985000

376000

413000

359000

0.06

0.50

738000

516000

673000

<div> <div style="margin-left:0pt;margin-right:0pt;"> (6) Stock-Based Compensation         The Company's 2006 Stock Plan provides for the grant of incentive stock options, non-statutory stock options and non-vested restricted stock to employees, officers, directors and consultants of the Company. In January 2015, the number of shares of common stock reserved for issuance under the 2006 Stock Plan was increased from 10,300,000 to 11,600,000 pursuant to an "evergreen" provision, which provides for an annual increase based on the lesser of 1,300,000 shares, 5% of the Company's then outstanding shares of common stock, or such other amount as the board of directors may determine. This increase was approved by the board of directors in December 2014. The administration of the 2006 Stock Plan is under the general supervision of the compensation committee of the board of directors. The exercise price of the stock options is determined by the compensation committee of the board of directors, provided that incentive stock options are granted with an exercise price not less than fair market value of the common stock on the date of grant and expire no later than ten years from the date the option is granted. Options generally vest over four years. As of December 31, 2014, the Company had options outstanding to purchase 8,829,343 shares of its common stock, which includes options outstanding under its 2001 Stock Plan that was terminated in March 2006. As of December 31, 2014, 1,385,022 shares were available for future issuance.         The following table summarizes stock option activity during the year ended December 31, 2014:                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Shares </td> <td valign="bottom" style="width:01.22%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted average exercise price </td> <td valign="bottom" style="width:00.92%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted average remaining contractual life (years) </td> <td valign="bottom" style="width:00.92%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Aggregate intrinsic value </td> <td valign="bottom" style="width:00.92%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #CCEEFF;padding:0pt;"> Outstanding at January 1 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,814,417 </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.90 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> Options granted </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,276,427 </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.90 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #CCEEFF;padding:0pt;"> Options exercised </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(206,389 </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.14 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> Options cancelled </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,055,112 </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:02.50%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.35 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #CCEEFF;padding:0pt;"> Outstanding at December 31 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,829,343 </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.17 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.35 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.18%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70,082 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> Exercisable at December 31 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,915,662 </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.67 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.17 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.18%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70,082 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>         The aggregate intrinsic value of all options outstanding and exercisable represents the total pre-tax amount, net of the exercise price, which would have been received by option holders if all option holders had exercised all options with an exercise price lower than the closing stock price of $2.65 on December 31, 2014, which was the last trading day of the year. The total intrinsic value of options exercised during the years ended December 31, 2014, 2013 and 2012 was approximately $435,000, $385,000 and $904,000, respectively. The total cash received by the Company as a result of stock option exercises during 2014, 2013 and 2012 was $0.9 million, $1.1 million and $1.1 million, respectively. The weighted-average grant date fair values of options granted during the years ended December 31, 2014, 2013 and 2012 were $4.00, $7.28 and $4.10, respectively. Non-Vested ("Restricted") Stock Awards With Service Conditions         The Company's share-based compensation plan provides for awards of restricted shares of common stock to employees, officers, directors and consultants to the Company. Restricted stock awards are subject to forfeiture if employment or service terminates during the prescribed retention period. Restricted shares vest over the service period. The total fair value of restricted stock that vested during the years ended December 31, 2014, 2013 and 2012 was $0.1 million, $0.3 million and $0.6 million, respectively.         The following table summarizes unvested restricted share activity during the year ended December 31, 2014:                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:18.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Shares </td> <td valign="bottom" style="width:01.74%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted average grant date fair value </td> <td valign="bottom" style="width:01.32%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #CCEEFF;padding:0pt;"> Outstanding at January 1 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,000 </td> <td valign="bottom" style="width:01.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.50%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.63 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> Vested </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(39,508 </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:03.84%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.50%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.56 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #CCEEFF;padding:0pt;"> Granted </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>764,022 </td> <td valign="bottom" style="width:01.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.50%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.67 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> Forfeited </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(25,000 </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:03.84%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.50%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.34 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #CCEEFF;padding:0pt;"> Outstanding at December 31 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>744,514 </td> <td valign="bottom" style="width:01.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.50%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.65 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div> Stock-Based Compensation Expense         For the years ended December 31, 2014, 2013 and 2012, the fair value of each employee stock option award was estimated on the date of grant based on the fair value method using the Black-Scholes option pricing valuation model with the following weighted average assumptions:                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> <td colspan="8" valign="bottom" style="width:57.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Years ended December 31, </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2013 </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2012 </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #CCEEFF;padding:0pt;"> Risk-free interest rate </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.88  </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> % </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.20  </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> % </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.11  </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> % </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #FFFFFF;padding:0pt;"> Expected life in years </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> 6.25 years </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> 6.25 years </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> 6.25 years </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #CCEEFF;padding:0pt;"> Volatility </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104  </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> % </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102  </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> % </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101  </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> % </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #FFFFFF;padding:0pt;"> Expected dividend yield </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>         Stock-based compensation expense during the years ended December 31, 2014, 2013 and 2012 was as follows (in thousands):                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;padding:0pt;">   </td> <td colspan="8" valign="bottom" style="width:26.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Years ended December 31, </td> <td valign="bottom" style="width:00.74%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:00.74%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:08.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2013 </td> <td valign="bottom" style="width:00.74%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:08.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2012 </td> <td valign="bottom" style="width:00.74%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> Stock-based compensation expense by type of award: </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> Employee stock options </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,076  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,757  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,082  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> Restricted stock </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>355  </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>273  </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>240  </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> Total stock-based compensation expense </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,431  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,030  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,322  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> Effect of stock-based compensation expense by line item: </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> Research and development </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,412  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,220  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,485  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> General and administrative </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,019  </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,810  </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>837  </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> Total stock-based compensation expense included in net loss </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,431  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,030  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,322  </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>         Unrecognized stock-based compensation expense as of December 31, 2014 was as follows (dollars in thousands):                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;padding:0pt;">   </td> <td valign="bottom" style="width:01.38%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:24.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Unrecognized stock compensation expense as of December 31, 2014 </td> <td valign="bottom" style="width:01.38%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:18.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted average remaining period (in years) </td> <td valign="bottom" style="width:01.38%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #CCEEFF;padding:0pt;"> Employee stock options </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:20.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,468  </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.96%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.77  </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> Restricted stock </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,545  </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.39  </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #CCEEFF;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:20.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,013  </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.96%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.87  </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

-1.06

-0.30

-1.27

-0.33

-0.31

-0.28

-0.87

-0.24

-0.19

<div> <div style="margin-left:0pt;margin-right:0pt;"> Basic and Diluted Loss Per Common Share         Basic net loss per share is computed using the weighted average number of common shares outstanding during the period, excluding restricted stock that has been issued but is not yet vested. Diluted net loss per common share is computed using the weighted average number of common shares outstanding and the weighted average dilutive potential common shares outstanding using the treasury stock method. However, for the years ended December 31, 2014, 2013 and 2012, diluted net loss per share is the same as basic net loss per share as the inclusion of weighted average shares of unvested restricted common stock and common stock issuable upon the exercise of stock options would be anti-dilutive.         The following table summarizes outstanding securities not included in the computation of diluted net loss per common share as their inclusion would be anti-dilutive for the years ended December 31, 2014, 2013 and 2012:                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:42.38%;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> <td colspan="8" valign="bottom" style="width:55.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Years Ended December 31, </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:42.38%;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2013 </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2012 </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:42.38%;background-color: #CCEEFF;padding:0pt;"> Common stock options </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.76%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,829,343  </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.76%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,814,417  </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.76%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,521,584  </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:42.38%;background-color: #FFFFFF;padding:0pt;"> Unvested restricted stock </td> <td valign="bottom" style="width:01.06%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.76%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>744,514  </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.76%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,000  </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.76%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,122  </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

3137000

3852000

1100000

900000

16013000

13468000

2545000

P2Y10M13D

P2Y9M7D

P3Y4M21D

11676000

3878000

15699000

4187000

4171000

3463000

5324000

15746000

2940000

3241000

4241000

21409000

29878000

26918000

5252000

6243000

-21349000

-30665000

-29293000

382000

1118000

1094000

22000

-47000

100000

-3220000

-3735000

-3342000

411000

2462000

1720000

2194000

928000

-3450000

533000

591000

459000

-173000

951000

-111000

225000

-21000

-102000

1700000

172000

2500000

127000

2100000

59000

-1849000

-470000

-2633000

-724000

-721000

-718000

-650000

-2210000

-585000

-517000

-458000

1696000

2512000

1875000

46112000

35539000

95203000

100675000

32207000

30889000

13905000

4650000

9214000

4607000

51437000

-33022000

-2466000

115515000

69042000

85296000

-9943000

-24653000

-8837000

-54135000

-77411000

-78925000

-62790000

-20728000

-90192000

-22787000

-22515000

-24162000

-23557000

-86161000

-22286000

-19966000

-20352000

61088000

20258000

87559000

22063000

21794000

23444000

22907000

83951000

21701000

19449000

19894000

-60941000

-20258000

-87559000

-22063000

-21794000

-23444000

-22907000

-83951000

-21701000

-19449000

-19894000

4246000

2226000

25000

1995000

2200000

2300000

529700000

275400000

996000

1040000

1409000

305000

-1000

15000

-13000

32000

50033000

114151000

93845000

505000

769000

144000

0.0001

5000000

765000

1656000

66248000

38735000

89796000

600000

2000000

13500000

12900000

33000000

25800000

59800000

57100000

27300000

5000000

39200000

22500000

40595000

90267000

85152000

1000000

22029000

3220000

12681000

1170000

4958000

21507000

3126000

12217000

1176000

4988000

1553000

126000

1024000

84000

<div> <div style="margin-left:0pt;margin-right:0pt;">         Property and equipment as of December 31, 2014 and December 31, 2013 consisted of the following (in thousands):                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;padding:0pt;">   </td> <td valign="bottom" style="width:00.84%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2014 </td> <td valign="bottom" style="width:01.16%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2013 </td> <td valign="bottom" style="width:01.16%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #CCEEFF;padding:0pt;"> Laboratory equipment </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,217 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,681 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> Leasehold improvements </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,988 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,958 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #CCEEFF;padding:0pt;"> Computers and software </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,126 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,220 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> Furniture and fixtures </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,176 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,170 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,507 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,029 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> Less accumulated depreciation and amortization </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,483 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,476 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,024 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,553 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

P7Y

P3Y

<div> <div style="margin-left:0pt;margin-right:0pt;"> (14) Quarterly Financial Data (unaudited)         The following tables present a summary of quarterly results of operations for 2014 and 2013:                                                                                                                                                                                     [ <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;padding:0pt;">   </td> <td valign="bottom" style="width:00.52%;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:45.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Three Months Ended </td> <td valign="bottom" style="width:00.68%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;padding:0pt;">   </td> <td valign="bottom" style="width:00.52%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, 2014 </td> <td valign="bottom" style="width:00.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> June 30, 2014 </td> <td valign="bottom" style="width:00.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> September 30, 2014 </td> <td valign="bottom" style="width:00.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2014 </td> <td valign="bottom" style="width:00.68%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;padding:0pt;">   </td> <td valign="bottom" style="width:00.52%;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:45.28%;padding:0pt;"> (in thousands, except shares and per share data) </td> <td valign="bottom" style="width:00.68%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> Revenues: </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> Total revenues </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> Operating expenses: </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> Research and development </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,583 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,761 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,208 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,653 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> General and administrative </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,324 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,940 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,241 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,241 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> Total operating expenses </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,907 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,701 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,449 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,894 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> Loss from operations </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,907 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,701 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,449 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,894 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> Interest expense, net </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(650 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(585 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(517 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(458 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> Net loss </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(23,557 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,286 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,966 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,352 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> Basic and diluted net loss per common share </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.28 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.24 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.19 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.19 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> Basic and diluted weighted average number of common shares outstanding </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,438,127 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>94,046,278 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105,774,949 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>108,366,504 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>                                                                                                                                                                                         <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50pt;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:210.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Three Months Ended </td> <td valign="bottom" style="width:03.35pt;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:50.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, 2013 </td> <td valign="bottom" style="width:03.35pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:50.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> June 30, 2013 </td> <td valign="bottom" style="width:03.35pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:50.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> September 30, 2013 </td> <td valign="bottom" style="width:03.35pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:50.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2013 </td> <td valign="bottom" style="width:03.35pt;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.50pt;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:210.05pt;padding:0pt;"> (in thousands, except shares and per share data) </td> <td valign="bottom" style="width:03.35pt;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #CCEEFF;padding:0pt;"> Revenues: </td> <td valign="bottom" style="width:02.50pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> Total revenues </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #CCEEFF;padding:0pt;"> Operating expenses: </td> <td valign="bottom" style="width:02.50pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> Research and development </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,380 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,876 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,623 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,981 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #CCEEFF;padding:0pt;"> General and administrative </td> <td valign="bottom" style="width:02.50pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,878 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,187 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,171 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,463 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> Total operating expenses </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,258 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,063 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,794 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,444 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #CCEEFF;padding:0pt;"> Loss from operations </td> <td valign="bottom" style="width:02.50pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,258 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,063 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,794 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(23,444 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> Interest expense, net </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(470 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(724 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(721 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(718 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #CCEEFF;padding:0pt;"> Net loss </td> <td valign="bottom" style="width:02.50pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,728 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,787 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,515 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(24,162 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> Basic and diluted net loss per common share </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.30 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.33 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.33 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.31 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #CCEEFF;padding:0pt;"> Basic and diluted weighted average number of common shares outstanding </td> <td valign="bottom" style="width:02.50pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,991,371 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69,034,823 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69,047,161 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,769,199 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>                                                                                                                                                                                        </div> </div>

12000

13000

42000

4234000

2617000

9450000

49412000

16380000

71860000

17876000

17623000

19981000

17583000

68205000

18761000

16208000

15653000

-551412000

-637573000

147000

<div> <div style="margin-left:0pt;margin-right:0pt;"> Revenue Recognition Collaboration and License Agreements         The Company's principal source of revenue to date has been its former collaboration and license agreements, which included upfront license payments, development milestones, reimbursement of research and development costs, potential profit sharing payments, commercial and sales-based milestones and royalties. The accounting for collaboration and license agreements requires subjective analysis and requires management to make estimates and assumptions about whether deliverables within multiple-element arrangements are separable from the other aspects of the contractual arrangement into separate units of accounting and to determine the arrangement consideration to be allocated to each unit of accounting.         For multiple-element arrangements entered into or materially modified after January 1, 2011, the Company follows the provisions of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2009-13—Multiple-deliverable Revenue Arrangements (ASU No. 2009-13). ASU No. 2009-13 amended certain provisions of Accounting Standards Codification (ASC) Topic 605—Revenue Recognition . This standard addresses the determination of the unit(s) of accounting for multiple-element arrangements and how an arrangement's consideration should be allocated to each unit of accounting.         Pursuant to this standard, each required deliverable is evaluated to determine if it qualifies as a separate unit of accounting. For the Company this determination includes an assessment as to whether the deliverable has "stand-alone value" to the customer separate from the undelivered elements. The arrangement's consideration is then allocated to each separate unit of accounting based on the relative selling price of each deliverable. The estimated selling price of each deliverable is determined using the following hierarchy of values: (i) vendor-specific objective evidence of fair value, (ii) third-party evidence of selling price, or (iii) the Company's best estimate of the selling price (BESP). The BESP reflects the Company's best estimate of what the selling price would be if the deliverable was regularly sold by it on a stand-alone basis. The Company expects, in general, to use BESP for allocating consideration to each deliverable in future collaboration agreements. In general, the consideration allocated to each unit of accounting is then recognized as the related goods or services are delivered limited to the consideration not contingent upon future deliverables. The Company did not recognize any revenue related to collaboration and license agreements during the years ended December 31, 2014, 2013 and 2012.         The Company accounts for development milestones under collaboration and license agreements pursuant to ASU No. 2010-17 Milestone Method of Revenue Recognition (ASU No. 2010-17). ASU No. 2010-17 codified a method of revenue recognition that has been common practice. Under this method, contingent consideration from research and development activities that is earned upon the achievement of a substantive milestone is recognized in its entirety in the period in which the milestone is achieved. At the inception of each arrangement that includes milestone payments, the Company evaluates whether each milestone is substantive. This evaluation includes an assessment of whether (a) the consideration is commensurate with either (1) the entity's performance to achieve the milestone, or (2) the enhancement of the value of the delivered item(s) as a result of a specific outcome resulting from the entity's performance to achieve the milestone, (b) the consideration relates solely to past performance and (c) the consideration is reasonable relative to all of the deliverables and payment terms within the arrangement. The Company evaluates factors such as the scientific, clinical, regulatory, commercial and other risks that must be overcome to achieve the respective milestone, the level of effort and investment required and whether the milestone consideration is reasonable relative to all deliverables and payment terms in the arrangement in making this assessment. The Company does not have any ongoing collaboration and license agreements under which milestones may be achieved.         Royalty revenues are based upon a percentage of net sales. Royalties from the sales of products will be recorded on the accrual basis when results are reliably measurable, collectability is reasonably assured and all other revenue recognition criteria are met. Commercial and sales-based milestones, which are based upon the achievement of certain agreed-upon sales thresholds, will be recognized in the period in which the respective sales threshold is achieved and collectability is reasonably assured. The Company does not have any ongoing collaboration and license agreements under which royalties or commercial and sales-based milestones may be achieved.         Grant Revenue         In March 2011, the Company received a grant from the Department of Defense, in the approximate amount of $1 million, for the development of STA-9584 in advanced prostate cancer. The Company conducted work on this study during the grant period from April 2011 through March 2012. Reimbursements were based on actual costs agreed upon in the proposal (salary, fringe benefits, overhead, and direct costs such as materials and subcontractors). During the years ended December 31, 2014, 2013 and 2012, the Company recognized $0, $0 and $147,000, respectively, in grant revenues. </div> </div>

147000

<div> <div style="margin-left:0pt;margin-right:0pt;">         A summary of cash, cash equivalents and available-for-sale marketable securities held by the Company as of December 31, 2014 and December 31, 2013 was as follows in thousands (see Note 2):                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:36.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2014 </td> <td valign="bottom" style="width:00.64%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Cost </td> <td valign="bottom" style="width:00.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Unrealized gains </td> <td valign="bottom" style="width:00.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Unrealized losses </td> <td valign="bottom" style="width:00.86%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair value </td> <td valign="bottom" style="width:00.64%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> Cash and cash equivalents: </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> Cash and money market funds (Level 1) </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,004 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,004 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> Corporate debt securities due within 3 months of date of purchase (Level 2) </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,020 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,020 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> Total cash and cash equivalents </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,024 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,024 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> Marketable securities: </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> Corporate debt securities due within 1 year of date of purchase (Level 2) </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,662 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8 </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,666 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> Total cash, cash equivalents and marketable securities </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,686 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8 </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,690 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>                                                                                                                                                                                        <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:36.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2013 </td> <td valign="bottom" style="width:00.64%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Cost </td> <td valign="bottom" style="width:00.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Unrealized gains </td> <td valign="bottom" style="width:00.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Unrealized losses </td> <td valign="bottom" style="width:00.86%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair value </td> <td valign="bottom" style="width:00.64%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> Cash and cash equivalents: </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> Cash and money market funds (Level 1) </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,586 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,586 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> Corporate debt securities due within 3 months of date of purchase (Level 2) </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,904 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,904 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> Total cash and cash equivalents </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48,490 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48,490 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> Marketable securities: </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> Corporate debt securities due within 1 year of date of purchase (Level 2) </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,969 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1 </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,986 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> Total cash, cash equivalents and marketable securities </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>91,459 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1 </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>91,476 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;">         The effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities at December 31, 2014 and 2013 are presented below (in thousands):                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;">   </td> <td valign="bottom" style="width:auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2013 </td> <td valign="bottom" style="width:auto;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> Deferred tax assets: </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> Federal and state net operating loss carryforwards </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>194,091 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>170,557 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> Federal and state research and development credits </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,401 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,675 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> Depreciation and amortization </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,423 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,412 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> Deferred compensation </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,643 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,254 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> Other </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,427 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,169 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> Deferred tax assets </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>226,985 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>200,067 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> Less valuation allowance </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(226,985 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(200,067 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> Net deferred tax assets </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> —   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;">         Differences between the actual tax provision (benefit) and the tax provision (benefit) computed using the United States federal income tax rate is as follows for the years ended December 31, 2014, 2013 and 2012 (in thousands):                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> <td colspan="8" valign="bottom" style="width:44.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Years ended December 31, </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.32%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2013 </td> <td valign="bottom" style="width:01.32%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2012 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> Benefit at statutory rate </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(29,293 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(30,665 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,349 </td> <td valign="bottom" style="width:01.26%;background-color: #CCEEFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> State taxes, net of federal benefit </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,342 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,735 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,220 </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> State net operating loss expiration </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>661 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,167 </td> <td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> Stock-based compensation </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,094 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,118 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>382 </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> Tax credits </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,720 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,462 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(411 </td> <td valign="bottom" style="width:01.26%;background-color: #CCEEFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> Foreign rate differential </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,243 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,252 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> Other </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(47 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22 </td> <td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> Increase in valuation allowance </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,918 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,878 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,409 </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> Income tax provision (benefit) </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;padding:0pt;"> —   </td> <td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;">         Future principal payments under the GECC and Oxford Term Loans as of December 31, 2014 were approximately as follows (in thousands):                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #CCEEFF;padding:0pt;"> Years ending December 31, </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.34%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:18.34%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,214 </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #CCEEFF;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.34%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,607 </td> <td valign="bottom" style="width:02.24%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> Total principal payments </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.34%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,821 </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #CCEEFF;padding:0pt;"> Less current portion </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.34%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,214 </td> <td valign="bottom" style="width:02.24%;background-color: #CCEEFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> Long term portion </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:18.34%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,607 </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;">         The following table summarizes unvested restricted share activity during the year ended December 31, 2014:                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:18.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Shares </td> <td valign="bottom" style="width:01.74%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted average grant date fair value </td> <td valign="bottom" style="width:01.32%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #CCEEFF;padding:0pt;"> Outstanding at January 1 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,000 </td> <td valign="bottom" style="width:01.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.50%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.63 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> Vested </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(39,508 </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:03.84%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.50%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.56 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #CCEEFF;padding:0pt;"> Granted </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>764,022 </td> <td valign="bottom" style="width:01.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.50%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.67 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> Forfeited </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(25,000 </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:03.84%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.50%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.34 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #CCEEFF;padding:0pt;"> Outstanding at December 31 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>744,514 </td> <td valign="bottom" style="width:01.74%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.50%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.65 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;">                                                                                                                                                                                        <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;padding:0pt;">   </td> <td valign="bottom" style="width:00.52%;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:45.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Three Months Ended </td> <td valign="bottom" style="width:00.68%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;padding:0pt;">   </td> <td valign="bottom" style="width:00.52%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, 2014 </td> <td valign="bottom" style="width:00.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> June 30, 2014 </td> <td valign="bottom" style="width:00.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> September 30, 2014 </td> <td valign="bottom" style="width:00.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2014 </td> <td valign="bottom" style="width:00.68%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;padding:0pt;">   </td> <td valign="bottom" style="width:00.52%;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:45.28%;padding:0pt;"> (in thousands, except shares and per share data) </td> <td valign="bottom" style="width:00.68%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> Revenues: </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> Total revenues </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> Operating expenses: </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> Research and development </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,583 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,761 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,208 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,653 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> General and administrative </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,324 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,940 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,241 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,241 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> Total operating expenses </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,907 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,701 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,449 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,894 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> Loss from operations </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,907 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,701 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,449 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,894 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> Interest expense, net </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(650 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(585 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(517 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(458 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> Net loss </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(23,557 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,286 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,966 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,352 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> Basic and diluted net loss per common share </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.28 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.24 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.19 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.19 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> Basic and diluted weighted average number of common shares outstanding </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,438,127 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>94,046,278 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105,774,949 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>108,366,504 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>                                                                                                                                                                                        <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;">   </td> <td valign="bottom" style="width:auto;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Three Months Ended </td> <td valign="bottom" style="width:auto;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;">   </td> <td valign="bottom" style="width:auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, 2013 </td> <td valign="bottom" style="width:auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> June 30, 2013 </td> <td valign="bottom" style="width:auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> September 30, 2013 </td> <td valign="bottom" style="width:auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2013 </td> <td valign="bottom" style="width:auto;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;">   </td> <td valign="bottom" style="width:auto;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:auto;padding:0pt;"> (in thousands, except shares and per share data) </td> <td valign="bottom" style="width:auto;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> Revenues: </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> Total revenues </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> Operating expenses: </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> Research and development </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,380 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,876 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,623 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,981 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> General and administrative </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,878 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,187 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,171 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,463 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> Total operating expenses </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,258 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,063 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,794 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,444 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> Loss from operations </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,258 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,063 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,794 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(23,444 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> Interest expense, net </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(470 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(724 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(721 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(718 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> Net loss </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,728 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,787 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,515 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(24,162 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> Basic and diluted net loss per common share </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.30 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.33 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.33 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.31 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> ) </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> Basic and diluted weighted average number of common shares outstanding </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,991,371 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69,034,823 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69,047,161 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,769,199 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;">         The following table summarizes stock option activity during the year ended December 31, 2014:                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Shares </td> <td valign="bottom" style="width:01.22%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted average exercise price </td> <td valign="bottom" style="width:00.92%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted average remaining contractual life (years) </td> <td valign="bottom" style="width:00.92%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Aggregate intrinsic value </td> <td valign="bottom" style="width:00.92%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #CCEEFF;padding:0pt;"> Outstanding at January 1 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,814,417 </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.90 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> Options granted </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,276,427 </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.90 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #CCEEFF;padding:0pt;"> Options exercised </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(206,389 </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.14 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> Options cancelled </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,055,112 </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;"> ) </td> <td valign="bottom" style="width:02.50%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.35 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #CCEEFF;padding:0pt;"> Outstanding at December 31 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,829,343 </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.17 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.35 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.18%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70,082 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> Exercisable at December 31 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.80%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,915,662 </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.67 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.17 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.84%;background-color: #FFFFFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.18%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70,082 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;">                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> <td colspan="8" valign="bottom" style="width:57.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Years ended December 31, </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2013 </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2012 </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #CCEEFF;padding:0pt;"> Risk-free interest rate </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.88  </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> % </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.20  </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> % </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.11  </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> % </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #FFFFFF;padding:0pt;"> Expected life in years </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> 6.25 years </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> 6.25 years </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> 6.25 years </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #CCEEFF;padding:0pt;"> Volatility </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104  </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> % </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102  </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> % </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101  </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> % </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #FFFFFF;padding:0pt;"> Expected dividend yield </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> — </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;">         Unrecognized stock-based compensation expense as of December 31, 2014 was as follows (dollars in thousands):                                                                                                                                                                                      <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;padding:0pt;">   </td> <td valign="bottom" style="width:01.38%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:24.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Unrecognized stock compensation expense as of December 31, 2014 </td> <td valign="bottom" style="width:01.38%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:18.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted average remaining period (in years) </td> <td valign="bottom" style="width:01.38%;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #CCEEFF;padding:0pt;"> Employee stock options </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:20.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,468  </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.96%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.77  </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> Restricted stock </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,545  </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.39  </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #CCEEFF;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:20.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,013  </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.96%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.87  </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

22500000

13821000

9451000

9214000

13820000

4607000

3322000

6030000

7431000

P4Y

25000

4.34

764022

3.67

45000

744514

4.63

3.65

39508

600000

300000

100000

4.56

P10Y

P6Y3M

1.01

1.02

1.04

0.0111

0.0120

0.0188

10300000

11600000

1385022

70082

4915662

6.67

P4Y2M1D

904000

385000

435000

1055112

3276427

4.10

7.28

4.00

70082

6814417

8829343

6.90

6.17

P6Y4M6D

4.14

7.35

4.90

4.40

6.49

8.60

3.75

4.01

2.65

14774000

3000

413196000

5000

-398430000

75066000

2000

536277000

7000

-461220000

49091000

17000

600477000

9000

-551412000

65136000

4000

702694000

11000

-637573000

7000000

1136363

8050000

1136363

1050000

3976702

7000000

2649535

14000000

16100000

2100000

5183333

6588875

1250000

9424193

5679685

75000

25000

45243

140000

764022

322298

114250

137424

206389

35400000

60400000

28000000

40000000

23000000

1141000

1106000

854000

3969

32000

16700000

7100000

21400000

29900000

26900000

59411476

68991371

70976705

69034823

69047161

76769199

85438127

98489470

94046278

105774949

108366504