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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2014
Computation of Basic and Diluted Net Loss per Share

The following table sets forth the reconciliation of the numerator and denominator used in the computation of basic and diluted net loss per share for the three and six months ended June 30, 2014 and 2013 (in thousands, except per share amounts):

 

     Three Months Ended     Six Months Ended  
     June 30,     June 30,  
     2014     2013     2014     2013  

Numerator for Basic and Diluted:

        

Net loss used for basic calculation

   $ (7,589   $ (6,724   $ (7,814   $ (16,976

Effect of revaluation of warrant liability

     (4,007     (686     (13,041     0   
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted net loss used for diluted calculation

   $ (11,596   $ (7,410   $ (20,855   $ (16,976
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

        

Basic weighted average number of shares outstanding

     72,899        69,727        72,495        64,756   

Effect of dilutive potential shares

     1,618        2,201        2,432        0   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted weighted average number of shares outstanding

     74,517        71,928        74,927        64,756   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share:

        

Basic

   $ (0.10   $ (0.10   $ (0.11   $ (0.26

Diluted

   $ (0.16   $ (0.10   $ (0.28   $ (0.26
Anti-Dilutive Effect of Common Shares

The table below presents shares underlying stock options, employee stock purchase plan rights and restricted stock units that are excluded from the calculation of the weighted average number of shares outstanding used for the calculation of diluted net loss per share. Warrants are excluded from the table below in periods for which the warrants are included in the calculation of diluted net loss per share. These are excluded from the calculation due to their anti-dilutive effect for the three and six months ended June 30, 2014 and 2013 (shares in thousands):

 

     Three Months Ended      Six Months Ended  
     June 30,      June 30,  
     2014      2013      2014      2013  

Weighted average number of anti-dilutive potential shares

     12,160         10,633         11,587         16,123