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Financing (Tables)
9 Months Ended
Sep. 30, 2014
Disclosure Text Block Supplement [Abstract]  
Schedule of Aggregate Future Minimum Payments Due Under Loan and Security Agreement
 

Aggregate future minimum payments, reflecting payments on outstanding principal plus interest, due under the loan and security agreement as of September 30, 2014 were as follows (in thousands):

 

Year ending December 31,

      

2014

   $ 11  

2015

     200  

2016

     333   

2017

     333   

2018

     168   
  

 

 

 

Total minimum payments

     1,045  

Less amount representing interest

     (152 )
  

 

 

 

Notes payable, gross

     893  

Unamortized facility fee

     (30 )

Accrual of final payment

     —    
  

 

 

 

Notes payable, balance

     863  

Less current portion of notes payable

     (59 )
  

 

 

 

Non-current portion of notes payable

   $ 804  
  

 

 

 
May 2013 Follow-on Underwritten Public Offering

On May 7, 2013, the Company closed a follow-on underwritten public offering, in which it sold 17,500,000 shares of common stock, together with matching warrants to purchase up to 17,500,000 shares of common stock, and pre-funded warrants to purchase up to 15,816,327 shares of common stock, together with matching warrants to purchase up to 15,816,327 shares of common stock, for aggregate gross proceeds of $16.5 million as follows:

 

     Combined Price
to the Public
(per share of
common
stock)
     Common
Stock
     Pre-funded
Warrants
     Matching
Warrants
 

Common stock and matching warrants sold (shares)

   $ 0.50         17,500,000         —           17,500,000   

Pre-funded warrants and matching warrants sold (shares)

   $ 0.49         —           15,816,327         15,816,327   
     

 

 

    

 

 

    

 

 

 

Total (shares)

        17,500,000         15,816,327         33,316,327   
     

 

 

    

 

 

    

 

 

 

Warrant exercise price (per share)

     —           —         $ 0.01       $ 0.47   

Term of warrant (years)

     —           —           7.0         5.0