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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2013
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, 2013, and 2012 (in thousands, except per share amounts):

 

     Three Months Ended     Six Months Ended  
     June 30,     June 30,  
     2013     2012     2013     2012  

Numerator:

        

Net loss used for basic calculation

   $ (6,724   $ (1,907   $ (16,976   $ (10,741

Effect of revaluation of warrant liability

     (686     (3,674     0        0   
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted net loss used for diluted calculation

   $ (7,410   $ (5,581   $ (16,976   $ (10,741
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

        

Basic weighted average number of common shares outstanding

     69,727        54,418        64,756        53,753   

Effect of dilutive potential common shares resulting from warrants

     2,201        818        0        0   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted weighted average number of common shares outstanding

     71,928        55,236        64,756        53,753   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per common share:

        

Basic

   $ (0.10   $ (0.04   $ (0.26   $ (0.20

Diluted

   $ (0.10   $ (0.10   $ (0.26   $ (0.20
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, 2013, and 2012 (shares in thousands):

 

     Three Months Ended      Six Months Ended  
     June 30,      June 30,  
     2013      2012      2013      2012  

Weighted average of anti-dilutive common shares

     10,633         9,165         16,123         14,828