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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2012
Summary of Significant Accounting Policies [Abstract]  
Computation of basic and diluted net loss per common share

The following table sets forth the reconciliation of the numerator and denominator used in the computation of basic and diluted net loss per common share for the three and six months ended June 30, 2012, and 2011 (in thousands, except per share amounts):

 

                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2012     2011     2012     2011  

Numerator:

                               

Net loss used for basic calculation

  $ (1,907   $ (6,409   $ (10,741   $ (11,507

Effect of revaluation of warrant liability

    (3,674     0       0       0  
   

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted net loss used for diluted calculation

  $ (5,581   $ (6,409   $ (10,741   $ (11,507
   

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

                               

Basic weighted average number of common shares outstanding

    54,418       47,620       53,753       47,530  

Effect of dilutive potential common shares resulting from warrants

    818       0       0       0  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted weighted average number of common shares outstanding

    55,236       47,620       53,753       47,530  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per common share:

                               

Basic

  $ (0.04   $ (0.13   $ (0.20   $ (0.24

Diluted

  $ (0.10   $ (0.13   $ (0.20   $ (0.24
Anti-dilutive effect of common shares

The table below presents common shares underlying stock options, convertible preferred stock, employee stock purchase plan rights, warrants and restricted stock units that are excluded from the calculation of the weighted average number of common shares outstanding used for the calculation of diluted net loss per common share. These are excluded from the calculation due to their anti-dilutive effect for the three and six months ended June 30, 2012, and 2011 (shares in thousands):

 

                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2012     2011     2012     2011  

Weighted average of anti-dilutive common shares

    9,165       13,635       14,828       13,592