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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2015 and 2014 (in thousands, except per share amounts):

 

     Three Months Ended      Nine Months Ended  
     September 30,      September 30,  
     2015      2014      2015      2014  

Numerator for Basic and Diluted:

           

Net loss used for basic calculation

   $ (15,680    $ (10,759    $ (41,112    $ (18,573

Effect of revaluation of warrant liability

     (1,109      (1,738      (4,698      (14,263
  

 

 

    

 

 

    

 

 

    

 

 

 

Adjusted net loss used for diluted calculation

   $ (16,789    $ (12,497    $ (45,810    $ (32,836
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

           

Basic weighted average number of shares outstanding

     96,864         75,194         95,347         73,407   

Effect of dilutive potential shares

     741         909         993         2,030   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted weighted average number of shares outstanding

     97,605         76,103         96,340         75,437   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net loss per share:

           

Basic

   $ (0.16    $ (0.14    $ (0.43    $ (0.25

Diluted

   $ (0.17    $ (0.16    $ (0.48    $ (0.44
Anti-Dilutive Effect of Common Shares

The table below presents shares underlying stock options 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 and nine months ended September 30, 2015 and 2014 (in thousands):

 

     Three Months Ended      Nine Months Ended  
     September 30,      September 30,  
     2015      2014      2015      2014  

Weighted average number of anti-dilutive potential shares:

           

Stock options

     7,068         12,032         6,223         11,737