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Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2012
Computation of Diluted Net Loss Per Share does not Assume Issuance of Common Shares that have an Anti-dilutive Effect on Net Loss Per Share

The computation of diluted net loss per share does not assume the issuance of common shares that have an anti-dilutive effect on net loss per share.

 

     Year Ended December 31,  
     (in thousands, except share
and per share amounts)
 
         2012               2011        

Basic and diluted net loss per common share:

    

Net loss

   $ (9,675   $ (10,915

Preferred stock dividends

     (976     (1,568

Preferred stock accretion

     (230     (230
  

 

 

   

 

 

 

Net loss applicable to common stockholders

   $ (10,881   $ (12,713
  

 

 

   

 

 

 

Weighted average common shares outstanding—basic and diluted

     15,131        11,986   

Net loss per common share—basic and diluted

   $ (0.72   $ (1.06
Dilutive Shares Which Could Exist Pursuant to Exercise of Outstanding Stock Instruments and Which were not Included in Calculation

Dilutive shares which could exist pursuant to the exercise of outstanding stock instruments and which were not included in the calculation because their affect would have been anti-dilutive during are as follows:

 

     December 31,  
     2012      2011  
     (Shares)      (Shares)  

Warrants to purchase shares of common stock

     7,424,241         6,673,405   

Options to purchase shares of common stock

     3,539,961         3,091,474   

Shares of common stock issuable upon conversion preferred stock

     2,627,110         2,627,110   
  

 

 

    

 

 

 
     13,591,312         12,391,989