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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2012
Computation of Basic and Diluted Net Income (Loss) Per Common Share

The following table sets forth the reconciliation of the numerator and denominator used in the computation of basic and diluted net loss per common share for the years ended December 31, 2012, 2011 and 2010 (in thousands, except per share amounts):

 

     Year Ended December 31,  
     2012     2011     2010  

Numerator:

      

Net loss

   $ (15,917   $ (16,982   $ (16,911

Effect of revaluation of warrant liability

     (2,059     0        0   
  

 

 

   

 

 

   

 

 

 

Adjusted net loss used for dilution calculation

   $ (17,976   $ (16,982   $ (16,911
  

 

 

   

 

 

   

 

 

 

Denominator:

      

Basic weighted average number of common shares outstanding

     54,515        48,050        40,300   

Effect of dilutive potential common shares resulting from warrants accounted for as liabilities

     546        0        0   
  

 

 

   

 

 

   

 

 

 

Diluted weighted average number of common shares outstanding

     55,061        48,050        40,300   
  

 

 

   

 

 

   

 

 

 

Basic

   $ (0.29   $ (0.35   $ (0.42

Diluted

   $ (0.33   $ (0.35   $ (0.42
Anti-Dilutive Effect of Common Shares

The table below presents common shares underlying stock options, employee stock purchase plan rights, warrants, restricted stock units and/or convertible preferred stock that were excluded from the calculation of the weighted average number of common shares outstanding used for the calculation of diluted net loss per common share. These were excluded from the calculation due to their anti-dilutive effect for the years ended December 31, 2012, 2011 and 2010 (shares in thousands):

 

     Year Ended December 31,  
     2012      2011      2010  

Weighted average of anti-dilutive potential common shares

     8,716         13,595         9,867