XML 75 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
CAPITAL STRUCTURE, COMMON STOCK WARRANTS (Details) (USD $)
3 Months Ended 6 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2013
May 31, 2012
Jun. 30, 2013
May 31, 2012
Jun. 30, 2013
Issued in Connection with Encode Merger [Member]
Jun. 30, 2013
Issued to Placement Agents in August 2009 [Member]
Jun. 30, 2013
2009 Merger [Member]
Jun. 30, 2013
Issued to Registered Direct Investors in Dec. 2009 [Member]
Jun. 30, 2013
Issued to Private Placement Investors in Aug. 2010 [Member]
Jun. 30, 2013
Issued to Placement Agent in Aug. 2010 [Member]
Jun. 30, 2013
December 2009 Equity Financing, Series A [Member]
May 31, 2012
December 2009 Equity Financing, Series A [Member]
Dec. 31, 2012
December 2009 Equity Financing, Series A [Member]
Jun. 30, 2013
August 2010 Private Placement, Investors and Placement Agent [Member]
May 31, 2012
August 2010 Private Placement, Investors and Placement Agent [Member]
Dec. 31, 2012
August 2010 Private Placement, Investors and Placement Agent [Member]
Class of Warrant or Right [Line Items]                                
Proceeds from the exercise of common stock warrants $ 4,900,000   $ 6,706,000 $ 3,057,000                        
Exercise of common stock warrants (in shares) 1,733,280                              
Common stock warrants outstanding [Abstract]                                
Number of shares exercisable (in shares) 2,213,000   2,213,000   233,000 65,000 4,000 363,000 1,450,000 98,000            
Exercise price (in dollars per share) $ 3.15 [1]   $ 3.15 [1]   $ 2.87 $ 1.50 $ 157.08 $ 2.45 $ 3.075 $ 3.075            
Expiration date         2015-12-13 2014-07-31 2015-09-26 2014-12-22 2015-08-12 2015-08-12            
Assumptions to obtain the fair value of the warrants [Abstract]                                
Fair value                     2,600,000   2,600,000 10,900,000   13,800,000
Black-Scholes inputs:                                
Stock price (in dollars per share)                     $ 9.35   $ 5.85 $ 9.35   $ 5.85
Exercise price (in dollars per share)                     $ 2.45   $ 2.45 $ 3.075   $ 3.075
Risk free interest rate (in hundredths)                     0.27%   0.25% 0.36%   0.31%
Volatility (in hundredths)                     95.00%   100.00% 95.00%   112.00%
Expected term                     1 year 6 months   2 years 2 years   2 years 6 months
Dividend (in hundredths)                     0.00%   0.00% 0.00%   0.00%
Adjustment to fair value of common stock warrants (7,041,000) 6,937,000 (5,981,000) (877,000)             (1,700,000) (1,000,000)   (4,300,000) 100,000  
Activity of the warrant liabilities [Roll Forward]                                
Fair value of warrants, beginning of period                     2,600,000 6,700,000   13,800,000 18,700,000  
Warrants exercised     6,706,000               (1,700,000) (4,500,000)   (7,200,000) (2,700,000)  
Adjustment to mark to market common stock warrants 7,041,000 (6,937,000) 5,981,000 877,000             1,700,000 1,000,000   4,300,000 (100,000)  
Fair value of warrants, end of period 13,500,000 19,100,000 13,500,000 19,100,000             2,600,000 3,200,000 2,600,000 10,900,000 15,900,000 13,800,000
Net loss 24,121,000 2,997,000 40,048,000 16,989,000                        
Effect of 10% decrease of closing stock price on increase (decrease) on net loss     (1,700,000)                          
Effect of 10% increase of closing stock price on increase (decrease) on net loss     1,700,000                          
Effect of 10% decrease of the volatility assumption on increase (decrease) on net loss     (300,000)                          
Effect of 10% increase of the volatility assumption on increase (decrease) on net loss     $ 300,000                          
[1] Weighted-average exercise price