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Warrants (Tables)
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Outstanding Liability Classified Warrants to Purchase Common Stock
The following table summarizes outstanding liability classified warrants to purchase common stock as of:
 
 
Number of Warrants
 
 
 
 
 
December 31, 2014
 
December 31, 2013
 
Exercise 
Price
 
Expiration Dates
Issued in Series A, B and D Preferred Stock offering
2,247,118

 
2,247,118

 
$
6.25

 
Oct 2015 - Dec 2016
Issued in March 2010 financing
393,416

 
393,416

 
$
6.25

 
Mar 1, 2016
Issued in June 2011 financing
6,113

 
6,113

 
$
22.50

 
Jun 1, 2016
Issued in August 2011 financing
565,759

 
565,759

 
$
18.75

 
Aug 1, 2016
Issued to placement agents in August 2011 financing
50,123

 
50,123

 
$
13.635

 
Aug 1, 2016
Issued in Series B, D and E Preferred Stock offerings
76,120

 
76,120

 
$
2.50

 
Nov 2015 - Dec 2017
Issued with Convertible Notes
1,125,578

 
1,125,578

 
$
2.50

 
Jun 1, 2018
Issued in Series E Preferred Stock offering
1,568,823

 
1,568,823

 
$
7.50

 
Dec 1, 2018
Total
6,033,050

 
6,033,050

 
 

 
 
Calculated Aggregate Fair Values and Net Cash Settlement Value
The following table summarizes the calculated aggregate fair values, along with the assumptions utilized in each calculation: 
($ in thousands, except per share data)
December 31,
2014
 
December 31,
2013
 
December 31,
2012
Calculated aggregate value
11,281

 
15,216

 
14,515

Weighted average exercise price per share of warrant
7.08

 
7.08

 
7.04

Closing price per share of common stock
$
2.59

 
$
4.06

 
$
3.75

Volatility
68
%
 
70
%
 
65
%
Weighted average remaining expected life (years)
2 years, 7 months

 
3 years, 6 months

 
4 years, 6 months

Risk-free interest rate
0.86
%
 
1.20
%
 
0.60
%
Dividend yield
%
 
%
 
%