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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2015
Fair Value of Warrants Outstanding

The fair value of the warrants at March 31, 2015 and December 31, 2014, consisted of the following (in thousands):

 

     March 31,
2015
     December 31,
2014
 

2010 Warrants

   $ 4,189       $ 10,485   
Fair Value Assumptions of Warrants

The fair value of the Company’s warrants was based on an option valuation model using the following assumptions at March 31, 2015 and December 31, 2014:

 

     March 31,
2015
    December 31,
2014
 

2010 Warrants:

    

Expected term (in years)

     0.61        0.86   

Estimated volatility

     58     55

Risk-free interest rate

     0.14     0.25

Expected dividend yield

     0     0