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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2012
Accounting Policies [Abstract]  
Summary of common shares that were excluded from the diluted net loss per share calculation because of their anti-dilutive effect
The following table summarizes potential common shares that were excluded from diluted net loss per share calculation because of their anti-dilutive effect:
 
 
Year Ended December 31,
Common Stock Equivalents
2012
 
2011
 
2010
Options to purchase common stock
16,257,444

 
14,302,803

 
12,649,968

Warrants to purchase common stock
21,593,844

 
21,743,844

 
7,771,133

Convertible preferred stock
38,233

 
38,233

 
38,233

Total
37,889,521

 
36,084,880

 
20,459,334

Summary of assumptions used to estimate the fair value of stock options
Weighted average assumptions used in the Black-Scholes model for employees and directors are presented below:
 
 
Year Ended December 31,
 
2012
 
2011
 
2010
Risk-free interest rate
0.36%
 
1.23%
 
1.09% – 2.65%
Expected volatility
131%
 
134%
 
134%
Expected life in years
4
 
4
 
4
Dividend yield
 
 
Forfeiture rate
8%
 
11%
 
11%

Assumptions used in the Black-Scholes model for non-employees are presented below:
 
 
Year Ended December 31,
 
2012
 
2011
 
2010
Risk-free interest rate
0.67% – 0.83%
 
0.91% – 3.47%
 
1.89% – 3.84%
Expected volatility
103%-117%
 
96%-119%
 
71%-120%
Expected life in years
7-10
 
6-10
 
7-10
Dividend yield