XML 28 R25.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Organization and Summary of Significant Accounting Policies (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2014 | Dec. 31, 2013
Organization and Summary of Significant Accounting Policies [Abstract] |  |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | The following table sets forth the reconciliation of the numerator and denominator used in the computation of basic and diluted net income (loss) per common share for the three and six months ended June 30, 2014 and 2013:
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
(in thousands, except per share amounts) |  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) used for basic earnings per share |  | $ | (842) |  | $ | 5,064 |  | $ | (2,646) |  | $ | 11,065 |
Less change in fair value of warrant liability |  |  | — |  |  | 5,362 |  |  | — |  |  | 2,317 |
Net (loss) income used for diluted earnings per share |  | $ | (842) |  | $ | (298) |  | $ | (2,646) |  | $ | 8,748 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted-average outstanding common shares |  |  | 88,998 |  |  | 82,527 |  |  | 88,964 |  |  | 80,403 |
Effect of dilutive potential common shares resulting from options |  |  | — |  |  | — |  |  | — |  |  | 1,226 |
Effect of dilutive potential common shares resulting from warrants |  |  | — |  |  | 32 |  |  | — |  |  | 4,642 |
Weighted-average shares outstanding—diluted |  |  | 88,998 |  |  | 82,559 |  |  | 88,964 |  |  | 86,271 |
Net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.01) |  | $ | 0.06 |  | $ | (0.03) |  | $ | 0.14 |
Diluted |  | $ | (0.01) |  | $ | 0.00 |  | $ | (0.03) |  | $ | 0.10 |
| The following table sets forth the reconciliation of the numerator and denominator used in the computation of basic and diluted net income (loss) per common share for the years ended December 31, 2013, 2012 and 2011:
|  | Years ended December 31, |
(in thousands, except per share amounts) |  | 2013 |  | 2012 |  | 2011 |
Numerator: |  |  |  |  |  |  |  |  |  |
Net income (loss) used for basic earnings per share |  | $ | 9,711 |  | $ | (15,180) |  | $ | (15,203) |
Less change in fair value of warrant liability |  |  | 1,737 |  |  | — |  |  | 1,862 |
Net (loss) income used for diluted earnings per share |  | $ | 7,974 |  | $ | (15,180) |  | $ | (17,065) |
Denominator: |  |  |  |  |  |  |  |  |  |
Basic weighted-average outstanding common shares |  |  | 82,099 |  |  | 66,509 |  |  | 59,234 |
Effect of dilutive potential common shares resulting from options |  |  | 493 |  |  | — |  |  | 906 |
Effect of dilutive potential common shares resulting from warrants |  |  | 67 |  |  | — |  |  | 162 |
Weighted-average shares outstanding—diluted |  |  | 82,659 |  |  | 66,509 |  |  | 60,392 |
Net income (loss) per common share: |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.12 |  | $ | (0.23) |  | $ | (0.26) |
Diluted |  | $ | 0.10 |  | $ | (0.23) |  | $ | (0.28) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | The table below presents common shares underlying stock options and warrants that are excluded from the calculation of the weighted average number of common shares outstanding used for the calculation of diluted net income (loss) per common share. These are excluded from the calculation due to their anti-dilutive effect for the three and six months ended June 30, 2014 and 2013:
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
(in thousands) |  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Weighted-average anti-dilutive common shares resulting from options |  |  | 6,485 |  |  | 3,302 |  |  | 7,077 |  |  | 1,175 |
Weighted-average anti-dilutive common shares resulting from warrants |  |  | 4,110 |  |  | 1,334 |  |  | 3,967 |  |  | 23 |
|  |  | 10,595 |  |  | 4,636 |  |  | 11,044 |  |  | 1,198 |
| The table below presents common shares underlying stock options and warrants that are excluded from the calculation of the weighted average number of shares of common stock outstanding used for the calculation of diluted net income (loss) per common share. These are excluded from the calculation due to their anti-dilutive effect for the years ended December 31, 2013, 2012 and 2011:
|  | Years ended December 31, |
(in thousands) |  | 2013 |  |  | 2012 |  |  | 2011 |
Weighted-average anti-dilutive common shares resulting from options |  |  | 2,628 |  |  | 4,213 |  |  | 2,399 |
Weighted-average anti-dilutive common shares resulting from warrants |  |  | 675 |  |  | 3,011 |  |  | 1,841 |
|  |  | 3,303 |  |  | 7,224 |  |  | 4,240 |
Fair Value of Warrant Liability [Table Text Block] | As a result of the fair value adjustment of the warrant liabilities, we recorded a non-cash loss on an increase in the fair value of $0.3 million and $1.1 million for the three and six months ended June 30, 2014, respectively, in our Condensed Statements of Operations and Comprehensive Income (Loss). See Note 8, “Warrant Liability” for further discussion on the calculation of the fair value of the warrant liabilities.
(in thousands) |  | Warrant Liability |
Total warrant liability at December 31, 2013 |  | $ | 1,817 |
Adjustment to record warrants at fair value |  |  | 1,148 |
Total warrant liability at June 30, 2014 |  | $ | 2,965 |
| The following table rolls forward the fair value of the Company’s warrant liability, the fair value of which is determined by Level 3 inputs for the years ended December 31, 2013 and 2012 (in thousands):
|  | December 31, |
|  | 2013 |  | 2012 |
Fair value, beginning of period |  | $ | 8,240 |  | $ | 3,611 |
Issuance of warrants |  |  | — |  |  | 2,863 |
Exercise of warrants |  |  | (4,686) |  |  | — |
Change in fair value |  |  | (1,737) |  |  | 1,766 |
Fair value, end of period |  | $ | 1,817 |  | $ | 8,240 |

X
- Definition Fair value of the warrant liability. + References No definition available. + Details
Name: | ttnp_FairValueOfWarrantLiabilityTableTextBlock
Namespace Prefix: | ttnp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration