XML 19 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
STOCKHOLDERS' EQUITY (Details Narrative) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 1 Months Ended 1 Months Ended 2 Months Ended 3 Months Ended 1 Months Ended 1 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Jun. 30, 2011
Jun. 29, 2011
Jun. 30, 2011
1997 Employee Stock Purchase Plan
Mar. 31, 2013
1997 Employee Stock Purchase Plan
Jun. 30, 2011
2011 Private Placement
Jul. 31, 2011
2011 Private Placement
Mar. 31, 2013
2011 Private Placement
Jun. 30, 2011
2007 Equity Incentive Plan
Mar. 31, 2013
2007 Equity Incentive Plan
Jul. 31, 2012
2012 Private Placement
Authorized common stock     1,500,000 100,000                
Common stock, par value     $ 0.01 $ 0.01                
Increase in the maximum number of shares of common stock available for grant                   90,000    
Number of shares of common stock authorized for issuance           1,000         95,000  
Increase in the number of common shares reserved for issuance         500              
Gross proceeds from private placement               $ 24,000       $ 53,600
Number of shares sold             160,000         102,000
Number of underlying common shares relating to warrants sold             80,000          
Exercise price             $ 0.18          
Terms of purchase (Private Placement)             For each share purchased, the investors received one Warrant to purchase 0.5 shares of common stock (together with a Share, a Unit), at a purchase price of $0.15 per Unit. The Warrants were immediately exercisable and expire on the fifth anniversary of the closing date of July 1, 2011. The Warrants may be exercised for cash only or, if a registration statement is not then effective and available for the resale of the shares of common stock issuable upon exercise of the Warrants, by surrender of such Warrant, or a portion of such Warrant, by way of cashless exercise. There is no right to exercise the Warrants to the extent that after giving effect to such exercise the holder would beneficially own in excess of 9.99% of our outstanding shares of common stock or such other limit as may be designated by any particular purchaser. Each holder of the Warrants can amend or waive the foregoing limitation by written notice to the Company, with such waiver taking effect only upon the expiration of a 61-day notice period.          
Terms of failure to keep any registration statements continuously effective             If the Company fails to keep the registration statement continuously effective for a designated time (with limited exceptions), the Company may be obligated to pay to the holders of the Registrable Securities liquidated damages in an amount equal to 1.0% per month of such holder's pro rata interest in the total purchase price of the Private Placement, capped at a total penalty of 6.0%.         If the Company fails to keep the registration statements continuously effective for a designated time (with limited exceptions), the Company may be obligated to pay to each holder of the 2012 Shares an amount equal to 1.5% per month of the aggregate purchase price of the unregistered 2012 Shares held by such holder, capped at a total penalty of 9.0%.
Net proceeds from private placement               22,800       50,500
Payments of stock issuance costs               1,200        
Proceeds from warrant exercise $ 600 $ 0             $ 600      
Share price                       $ 0.525