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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2013
Accounting Policies [Abstract]  
Computation of Net Income (Loss) per Share

The following table presents computations of net income (loss) per share.

 

     For the three months ended
September 30,
    For the nine months ended
September 30,
 
     2013     2012     2013     2012  

Net income (loss) per share-Basic:

        

Numerator for basic net (loss) income per share

   $ (12,937   $ 11,433      $ (24,981   $ (1,663
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator for basic net (loss) income per share

     27,158,394        3,957,231        26,543,099        3,887,530   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic net (loss) income per common share

   $ (0.48   $ 2.89      $ (0.94   $ (0.43
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) per share-Diluted:

        

Numerator for diluted net income (loss) per share

   $ (12,937   $ 11,433      $ (24,981   $ (1,663

Less: Fair value of stock warrants

     —          (14,545     —          —     

Less: Fair value of derivatives

     —          (1,894     —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss attributable to common share

   $ (12,937   $ (5,006   $ (24,981   $ (1,663
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator for diluted net loss per share

     27,158,394        3,957,231        26,543,099        3,887,530   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted net loss per common share

   $ (0.48   $ (1.27   $ (0.94   $ (0.43
  

 

 

   

 

 

   

 

 

   

 

 

 
Securities Excluded from Calculation of Weighted-Average Shares Outstanding

The following potentially dilutive securities have been excluded from the calculations of diluted net loss per share as their effect would be anti-dilutive:

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2013      2012      2013      2012  

Shares of convertible preferred stock

     —           1,917,120         —           1,917,120   

Shares underlying options outstanding

     1,269,320         546,490         1,269,320         546,490   

Shares underlying warrants outstanding

     6,033,050         5,466,470         6,033,050         5,466,470