XML 76 R20.htm IDEA: XBRL DOCUMENT v2.4.1.9
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2015
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 months ended March 31, 2015 and 2014 (in thousands, except per share amounts):

 

     Three Months Ended  
     March 31,  
     2015      2014  

Numerator for Basic and Diluted:

     

Net loss used for basic calculation

   $ (9,460    $ (225

Effect of revaluation of warrant liability

     (6,296      (9,034
  

 

 

    

 

 

 

Adjusted net loss used for diluted calculation

$ (15,756 $ (9,259
  

 

 

    

 

 

 

Denominator:

Basic weighted average number of shares outstanding

  93,411      72,088   

Effect of dilutive potential shares

  1,251      3,070   
  

 

 

    

 

 

 

Diluted weighted average number of shares outstanding

  94,662      75,158   
  

 

 

    

 

 

 

Net loss per share:

Basic

$ (0.10 $ (0.00

Diluted

$ (0.17 $ (0.12
Anti-Dilutive Effect of Common Shares

The table below presents shares underlying stock options and employee stock purchase plan rights that are excluded from the calculation of the weighted average number of shares outstanding used for the calculation of diluted net loss per share. These are excluded from the calculation due to their anti-dilutive effect for the three months ended March 31, 2015 and 2014 (shares in thousands):

 

     Three Months Ended  
     March 31,  
     2015      2014  

Weighted average number of anti-dilutive potential shares

     13,439         16,901