XML 42 R26.htm IDEA: XBRL DOCUMENT v3.3.1.900
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Schedule of reconciliation of liabilities measured at fair value
The following table provides a reconciliation of liabilities measured at fair value using significant unobservable inputs (Level 3) for the year ended December 31, 2015 (in thousands): 
 
Common Stock Warrant Liabilities
Balance at December 31, 2013
$

Issuance
11,280

Changes in fair value
(2,578
)
Balance at December 31, 2014
8,702

Issuance

Changes in fair value
(8,015
)
Balance at December 31, 2015
$
687

Summary of assumptions used to compute share-based compensation costs for stock options granted
The assumptions used to compute the share-based compensation costs for the stock options granted during the years ended December 31, 2015, 2014 and 2013 are as follows:
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Risk-free interest rate
1.6-1.8%

 
1.8-1.9%

 
1.1-1.8%

Expected dividend yield

 

 

Weighted average expected life (years)
5.4-5.5

 
5.4-5.5

 
5.3-5.5

Volatility
59-68%

 
60-71%

 
75-76%

Summary of compensation cost for stock-based compensation arrangements
The compensation cost that has been included in the Company’s consolidated statement of operations for all stock-based compensation arrangements is detailed as follows (in thousands):
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Cost of revenues
$
72

 
$
274

 
$
228

Research and development
286

 
2,080

 
719

Sales and marketing
359

 
470

 
459

General and administrative
1,926

 
1,730

 
2,672

Total
$
2,643

 
$
4,554

 
$
4,078

Schedule of diluted earning per share
For purposes of this calculation, common stock subject to repurchase by the Company, options and warrants are considered to be common stock equivalents and are only included in the calculation of diluted earnings per share when their effect is dilutive. The following table sets forth the computation of basic and diluted loss per share (in thousands, except per share data):
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Numerator:
 
 
 
 
 
Net loss for basic earnings per share
$
(178,676
)
 
$
(12,882
)
 
$
(82,227
)
Decrease in fair value of warrants

 
(2,578
)
 

Diluted net loss attributable to common stockholders
$
(178,676
)
 
$
(15,460
)
 
$
(82,227
)
Denominator:
 
 
 
 
 
Weighted average common shares outstanding
100,385

 
98,138

 
97,111

Weighted average unvested common shares subject to repurchase
(811
)
 
(791
)
 
(876
)
Weighted average common shares outstanding—basic
99,574

 
97,347

 
96,235

Effect of dilutive securities:
 
 
 
 
 
Conversion of preferred stock

 

 

Options

 

 

Warrants

 
388

 

Weighted average common shares outstanding—diluted
99,574

 
97,735

 
96,235

Net loss per share:
 
 
 
 
 
Basic
$
(1.79
)
 
$
(0.13
)
 
$
(0.85
)
Diluted
$
(1.79
)
 
$
(0.16
)
 
$
(0.85
)
Weighted-average anti-dilutive securities not included in diluted net loss per share
The anti-dilutive securities not included in diluted net loss per share were as follows (in thousands):
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Options to purchase common stock
7,941

 
7,057

 
4,597

Warrants to purchase common stock
11,544

 
725

 
594

Unvested restricted stock awards
811

 
791

 
876

 
20,296

 
8,573

 
6,067