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Net Loss Per Share
6 Months Ended
Jun. 30, 2011
Net Loss Per Share  
Net Loss Per Share

2. Net Loss Per Share

Basic net loss per share is calculated by dividing net loss for the period by the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed by dividing net loss for the period by the weighted average number of shares of common stock outstanding during the period and including the dilutive effect of common stock that would be issued assuming conversion or exercise of outstanding warrants, stock options, share based compensation awards and other dilutive securities. No such items were included in the computation of diluted loss per share in the three and six months ended June 30, 2010 or 2011 because we incurred a net loss in each of these periods and the effect of inclusion would have been anti-dilutive.

Outstanding equity awards not included in the calculation of diluted net loss per share because their effect was anti-dilutive were as follows:

 

     June 30, 2010      June 30, 2011  
      Number of
Potential
Shares
     Range of
Exercise

Prices
     Number of
Potential
Shares
     Range of
Exercise
Prices
 

Stock options

     6,805,743       $ 0.47 - $16.36         7,254,690       $ 0.47 - $16.36   

Unvested restricted stock awards

     1,645,920       $ —           2,303,779       $ —     

Warrants

     1,602,489       $ 2.40         1,602,489       $ 2.40