Equity Transactions

3 Months Ended

Mar. 31, 2013

Equity Transactions [Abstract]

Equity Transactions

10. Equity Transactions

On October 23, 2012, the Company completed a $23.0 million underwritten public offering, in which it sold and issued 9.2 million shares of common stock.  Net of underwriting discounts, legal, accounting and other offering expenses, the Company received proceeds of approximately $21.5 million.

Effective May 15, 2012, the Company completed a 1-for-7 reverse stock split of the Company's outstanding shares of common stock; no change was made to the per-share par value per share of the common stock or to the number of shares of authorized common stock.