Annual report pursuant to Section 13 and 15(d)

Balance Sheets and Statements of Operations Details (Tables)

v2.4.0.6
Balance Sheets and Statements of Operations Details (Tables)
12 Months Ended
Dec. 31, 2012
Balance Sheets Details [Abstract]  
Schedule of cash equivalents, marketable securities and other investments
At December 31, 2011, cash equivalents, marketable securities and other investments consisted of the following (in thousands): 
 
December 31, 2011
 
Adjusted Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair Value
 
Average
Contractual
Maturities
 
 
 
(in days)
Money market funds
$
18,866

 
$

 
$

 
$
18,866

 
n/a
Commercial paper
1,999

 

 

 
1,999

 
55
Corporate bonds (unamortized cost)
30,908

 
29

 
(45
)
 
30,892

 
270
U.S. Treasury obligations (unamortized cost)
998

 
4

 

 
1,002

 
274
Government-sponsored enterprise securities
3,003

 
12

 

 
3,015

 
373
Common shares of CO2 Solutions
1,316

 

 
(155
)
 
1,161

 
n/a
Total
$
57,090

 
$
45

 
$
(200
)
 
$
56,935

 
 
At December 31, 2012, cash equivalents, marketable securities and other investments consisted of the following (in thousands): 
 
December 31, 2012
 
 
 
Adjusted Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair Value
 
Average
Contractual
Maturities
 
 
 
(in days)
Money market funds
$
24,789

 
$

 
$

 
$
24,789

 
n/a
Commercial paper
1,499

 
1

 

 
1,500

 
70
Corporate bonds (unamortized cost)
9,512

 
10

 

 
9,522

 
156
U.S. Treasury obligations (unamortized cost)
5,511

 
5

 

 
5,516

 
262
Common shares of CO2 Solutions
563

 
47

 

 
610

 
n/a
Total
$
41,874

 
$
63

 
$

 
$
41,937

 
 
Schedule of inventory components
Inventories, net consisted of the following (in thousands): 
 
December 31,
 
2012
 
2011
Raw materials
$
588

 
$
2,779

Work in process
52

 
54

Finished goods
662

 
1,655

Total inventories
$
1,302

 
$
4,488

Property and Equipment, net
Depreciation is calculated using the straight-line method over the following estimated ranges of useful lives:
 
Asset classification
Estimated useful life
 
Laboratory equipment
5 years
 
 
 
 
Computer equipment and software
3 to 5 years
 
 
 
 
Office equipment and furniture
5 years
 
 
 
 
Leasehold improvements
Lesser of useful life or lease term
Property and equipment consisted of the following (in thousands): 
 
December 31,
 
2012
 
2011
Laboratory equipment
$
33,776

 
$
34,903

Leasehold improvements
4,388

 
13,058

Computer equipment and software
11,099

 
4,671

Office equipment and furniture
1,531

 
1,319

Construction in progress (1)
28

 
1,972

 
50,822

 
55,923

Less: accumulated depreciation and amortization
(34,172
)
 
(31,747
)
Property and equipment, net
$
16,650

 
$
24,176

(1)
Construction in progress also includes equipment received but not yet placed into service pending installation.
Intangible Assets
Intangible assets consisted of the following (in thousands): 
 
December 31, 2012
 
December 31, 2011
 
 
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Weighted-
Average
Amortization
Period
 
 
 
 
 
 
 
 
 
(years)
Customer relationships
$
3,098

 
$
(3,098
)
 
$

 
$
3,098

 
$
(3,040
)
 
$
58

 
5
Developed and core technology
1,534

 
(1,534
)
 

 
1,534

 
(1,457
)
 
77

 
5
Maxygen intellectual property
20,244

 
(7,310
)
 
12,934

 
20,244

 
(3,937
)
 
16,307

 
6
Total
$
24,876

 
$
(11,942
)
 
$
12,934

 
$
24,876

 
$
(8,434
)
 
$
16,442

 
6
Estimate intangible asset future amortization expense
The estimated amortization expense to be charged to research and development through the year ending December 31, 2016 is as follows at December 31, 2012 (in thousands):
Year ending December 31:
Total
2013
$
3,374

2014
3,374

2015
3,374

2016
2,812

2017

 
$
12,934

Components of Interest Expense and Other, Net
Interest expense and other, net consisted of the following (in thousands): 
 
Years Ended December 31,
 
2012
 
2011
 
2010
Interest expense
$

 
$

 
$
529

Foreign exchange losses
348

 
706

 
314

Re-measurement of redeemable convertible preferred stock warrant liabilities

 

 
677

Other
(22
)
 
(31
)
 
(321
)
Interest expense and other, net
$
326

 
$
675

 
$
1,199