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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 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 years ended December 31, 2013, 2012 and 2011 (in thousands, except per share amounts):

 

     Year Ended December 31,  
     2013     2012     2011  

Numerator:

      

Net loss

   $ (43,337   $ (15,917   $ (16,982

Effect of revaluation of warrant liability

            (2,059       
  

 

 

   

 

 

   

 

 

 

Adjusted net loss used for dilution calculation

   $ (43,337   $ (17,976   $ (16,982
  

 

 

   

 

 

   

 

 

 

Denominator:

      

Basic weighted average number of common shares outstanding

     67,569        54,515        48,050   

Effect of dilutive potential common shares resulting from warrants accounted for as liabilities

            546          
  

 

 

   

 

 

   

 

 

 

Diluted weighted average number of common shares outstanding

     67,569        55,061        48,050   
  

 

 

   

 

 

   

 

 

 

Basic

   $ (0.64   $ (0.29   $ (0.35

Diluted

   $ (0.64   $ (0.33   $ (0.35

Anti-Dilutive Effect of Common Shares

The table below presents common shares underlying stock options, employee stock purchase plan rights, warrants, restricted stock units and/or convertible preferred stock that were 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 were excluded from the calculation due to their anti-dilutive effect for the years ended December 31, 2013, 2012 and 2011 (shares in thousands):

 

     Year Ended December 31,  
     2013      2012      2011  

Anti-dilutive common shares

     16,370         8,716         13,595