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Financing (Tables)
6 Months Ended
Jun. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Significant Terms Of Debentures Carried At Amortized Cost [Table Text Block]

The following table summarizes the significant terms of each of the debentures for which the entire hybrid instrument is recorded at fair value as of June 30, 2012:

 

                            Conversion Price – Lower of Fixed Price or Percentage of VWAP for Look-back Period            
Debenture   Face     Interest Rate
Prior to
    Interest Rate
Subsequent to
    Default
Interest
    Fixed     Anti-Dilution
Adjusted
          Default     Look-back
Issuance Year   Amount     Modification     Modification     Rate     Price     Price     %     %     Period
    (in thousands)                                                
2006   $ 6,080       10%       9.5%       n/a     $ 2.00     $ 0.00648       90%       n/a     125 Days
2007     7,036       13%-14%       9.5%       n/a     $ 2.00        $0.00576-$0.00648       80%-90%       n/a     125 Days
2008     6,468       14%- 15%       9.5%       20%-24%       $1.00-$2.00        $0.00576-$0.00684       80%-95%       50%-75%     125 Days
2009     1,778       14%       9.5%       20%     $ 2.00     $ 0.006840       95%       50%     125 Days
2010     3,881       14%       9.5%       20%       $0.10- $0.30     $ 0.006840       95%       50%     60 Days
2011     2,576       14%       9.5%       20%     $ 0.10     $ 0.006840       95%       50%     60 Days
2012     2,200       14%       9.5%       20%     $ 0.10     $ 0.006840       95%       50%     60 Days
Total   $ 30,019                                                              

 

Schedule Of Significant Terms Debentures For Entire Hybrid Instrument [Table Text Block]

The table below summarizes the significant terms of the debentures that are carried at their amortized cost and for which the compound embedded derivative is bifurcated and accounted for as a derivative liability as of June 30, 2012:

 

                      Conversion Price – Lower of Fixed Price or Percentage of VWAP for Look-back Period      
Debenture
Issuance Year
  Face
Amount
    Interest Rate     Default
Interest
Rate
    Fixed
Price
    Anti-Dilution
Adjusted
Price
    %     Default
%
 
Look-back
Period
    (in thousands)                                        
2006   $ 304       10.0%       n/a     $ 2.00     $ 0.00648       90%     n/a   125 days

 

Schedule Of Number Of Shares Issued Convertible Preferred Stock [Table Text Block]

The following table provides a summary of the preferred stock conversions that have occurred since inception and the number of common shares issued upon conversion.

 

     Preferred  Preferred  Common 
  Preferred shares  shares  shares  shares 
  issued  converted  remaining  issued 
  (in thousands) 
                 
Series C preferred stock  22   17   5   273,382 
Series D preferred stock  25   22   3   245,162 
Schedule of Debt Conversions [Table Text Block]

The outstanding principal and accrued interest for the debentures as of June 30, 2012 is reflected in the following table in addition to the principal and interest converted since inception and the number of common shares issued upon conversion.

 

    Outstanding     Principal and        
    principal and     accrued interest     Common  
    accrued interest at     converted since     shares  
    June 30, 2012     inception     issued  
    (in thousands)  
                       
Debentures   $ 44,258     $ 5,576       717,367
Schedule Of Allocation Embeded Debt Instument Warrants and Assumption [Table Text Block]
Significant assumptions used to value the hybrid debt instruments and warrants as of inception of the financings are also provided in the table below.

 

  April 26,  June 1, 
  2012  2012 
  issuance  issuance 
  (in thousands) 
       
Gross proceeds $450  $450 
Structuring and due diligence fee: Direct expenses  (25)  (25)
  $425  $425 
         
Hybrid instrument $(878) $(799)
Derivative warrants  (11)  (9)
Day one derivative loss  464   383 
  $(425) $(425)
         
Warrant shares issued (in thousands)  1,000   1,000 
         
Initial exercise price of warrants $0.1500  $0.1500 
         
Warrant valuation inputs:        
Anti-dilution adjusted exercise price $0.0117  $0.0093 
Expected life  5 years   5 years 
Estimated volatility  178%  179%
Risk free rate of return  0.36%  0.32%
Dividend yield      
         
Hybrid instrument valuation inputs:        
Conversion price $0.007125  $0.009300 
Equivalent volatility  247%  178%
Equivalent interest risk  14.00%  14.00%
Equivalent credit risk  7.20%  7.18%
Schedule Of Activities Of Compound Embedded Derivative [Table Text Block]

 The following table reflects the face value of the instruments, their amortized carrying value and the fair value of the separately-recognized compound embedded derivative, as well the number of common shares into which the instruments are convertible as of June 30, 2012 and December 31, 2011.

 

June 30, 2012                     Embedded     Common  
    Face     Carrying     Accrued     Conversion     Stock  
    Value     Value     Interest     Feature     Shares  
    (in thousands)  
                               
Series C preferred stock   $ 4,840     $ 4,840     $ -     $ 3,124       692,965  
Series D preferred stock   $ 348     $ 348     $ -       203       49,842  
                                         
Debentures:                                        
2006   $ 304     $ 304     $ 36       82       51,585  
Total   $ 304     $ 304     $ 36     $ 3,409       794,392  

 

December 31, 2011                     Embedded     Common  
    Face     Carrying     Accrued     Conversion     Stock  
    Value     Value     Interest     Feature     Shares  
    (in thousands)  
                               
Series C preferred stock   $ 5,086     $ 5,086     $ -     $ 554       499,084  
Series D preferred stock   $ 1,395     $ 1,395     $ -       152       136,899  
                                         
Debentures:                                        
2006   $ 7,061     $ 7,061     $ 3,550       1,554       1,128,515  
2008     4,788       4,788       2,226       932       712,474  
2009     1,983       1,965       736       370       278,427  
2010     3,881       1,426       770       2,692       470,718  
2011     4,725       1,077       376       2,917       436,730  
Total   $ 22,438     $ 16,317     $ 7,658     $ 9,171       3,662,847  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The changes in fair value of these derivative financial instruments were as follows:

 

  Three months ended June 30,  Six months ended June 30, 
  2012  2011  2012  2011 
  (in thousands)  (in thousands) 
Series C preferred stock $11,915  $(10,285) $(3,202) $(7,845)
Series D preferred stock  1,946   (2,813)  (1,346)  (2,261)
                 
Debentures:                
2006  18,815   (8,901)  (3,070)  (7,013)
2008  13,391   (5,503)  (1,350)  (4,265)
2009  4,964   (2,260)  (486)  (1,871)
2010  11,901   (4,702)  (34)  (4,067)
2011  8,896   (3,072)  (4,825)  (2,767)
2012  3,523   -   15   - 
   75,351   (37,536)  (14,298)  (30,089)
Less: Day-one loss from debenture financings  (847)  (405)  (847)  (1,181)
Gain (loss) from change in fair value of derivative liability $74,504  $(37,941) $(15,145) $(31,270)
Schedule Of Hybrid Financial Instrument Disclosure [Table Text Block]

The following table reflects the face value of the financial instruments, the fair value of the hybrid financial instrument and the number of common shares into which the instruments are convertible as of June 30, 2012 and December 31, 2011.

 

June 30, 2012       Common 
  Face  Fair  Stock 
  Value  Value  Shares 
     (in thousands)    
Debentures:            
2006 $6,134  $13,457   1,531,358 
2007  7,036   15,547   1,748,554 
2008  6,468   14,142   1,586,202 
2009  1,778   3,625   391,651 
2010  3,881   7,312   735,667 
2011  2,576   4,731   464,141 
2012  2,200   3,771   3,771 
Total $30,073  $62,585   6,461,344 

 

December 31, 2011       Common 
  Face  Fair  Stock 
  Value  Value  Shares 
     (in thousands)    
Debentures:            
2007 $7,682  $13,115   836,428 
2008  1,680   3,343   200,001 
Total $9,362  $16,458   1,036,429 
Schedule Of Fair Value Hybrid Financial Instrument Disclosure [Table Text Block]

Changes in the fair value of convertible instruments that are carried in their entirety at fair value are reported as “Gain (loss) from change in fair value of hybrid financial instruments” in the accompanying consolidated statements of operations. The changes in fair value of these hybrid financial instruments were as follows:

 

    Three months ended June 30,     Six months ended June 30,  
    2012     2011     2012     2011  
    (in thousands)     (in thousands)  
                         
2006   $ 1,734     $ -     $ 1,734     $ -  
2007     24,068       (12,052 )     (989 )     (10,032 )
2008     9,663       (3,847 )     3,550       (3,396 )
2009     433       -       433       -  
2010     896       -       896       -  
2011     512       -       512       -  
2012     314       -       314       -  
      37,620       (15,899 )     6,450       (13,428 )
Less: Day-one loss from debenture financings     (847 )             (847 )        
Gain (loss) from changes in fair value of hybrid instruments   $ 36,773     $ (15,899 )   $ 5,603     $ (13,428 )
Schedule Of Warrants Embedded Warrants Fair Value Outsanding and Anti Diluative Adjustment Disclosure [Table Text Block]
The following table summarizes the warrants outstanding, their fair value and their exercise price after adjustment for anti-dilution provisions:

 

     June 30, 2012  December 31, 2011 
     Anti-Dilution        Anti-Dilution       
     Adjusted        Adjusted       
  Expiration  Exercise     Fair  Exercise     Fair 
  Year  Price  Warrants  Value  Price  Warrants  Value 
       (in thousands)     (in thousands) 
Warrants issued with preferred stock:                
Series D preferred stock  2017   0.007125   315,789  $2,587   0.00998   225,564  $2,535 
                             
Warrants issued with debentures:                            
2007  2012   0.007125   210,526   492   0.00998   401,002   1,510 
2008  2015   0.007125   860,526   6,325   0.00998   614,662   6,876 
2010  2015   0.007125   294,035   2,152   0.00998   210,025   2,335 
2011  2016   0.007125   210,526   1,684   0.00998   150,376   1,686 
2012  2017   0.007125   63,158   519   n/a       
Total          1,954,560  $13,759       1,601,629  $14,942
Schedule Of Changes In Fair Value Of Warrants [Table Text Block]

Changes in the fair value of the warrants are reported as "(Gain) loss from change in fair value of derivative liability - warrants" in the accompanying consolidated statement of operations. The changes in the fair value of the warrants were as follows:

 

    Three months ended June 30,     Six months ended June 30,  
    2012     2011     2012     2011  
Warrants issued with preferred stock:   (in thousands)     (in thousands)  
Series C preferred stock   $ -     $ -     $ -     $ 53  
Series D preferred stock     6,819       (11 )     (52 )     178  
                                 
Warrants issued with debentures:                                
2006     -       (13 )     -       127  
2007     4,356       (14 )     1,019       129  
2008     19,093       (25 )     550       383  
2010     6,525       (43 )     183       668  
2011     4,578       19       1       157  
2012     1,038       -       (780 )     -  
Total   $ 42,409     $ (87 )     921     $ 1,695
Schedule Of Reconciliation Changes In Fair Value Of Financial Instruments and Hybrid Instruments Carried At Fair Value [Table Text Block]

The following represents a reconciliation of the changes in fair value of financial instruments measured at fair value using Level 3 inputs and changes in the fair value of hybrid instruments carried at fair value during the six months ended June 30, 2012:

    Compound                    
    Embedded     Warrant     Hybrid        
    Derivatives     Derivatives     Instruments     Total  
                                 
Beginning balance, December 31, 2011:   $ 9,171     $ 14,942     $ 16,458     $ 40,571  
                                 
Issuances:                                
January 11, 2012     289       13       -       302  
February 6, 2012     176       9       -       185  
March 26, 2012     287       42       -       329  
April 26, 2012     -       11       878       889  
June 1, 2012     -       9       799       808  
                                 
Fair value adjustments:                                
   Compound embedded derivatives     14,298       -       -       14,298  
   Warrant derivatives     -       (921 )     -       (921 )
   Hybrid instruments     -       -       (5,603 )     (5,603 )
                                 
Change to fair value option related to     (29,656 )     -       29,656       -  
   compound embedded derivative                                
                                 
Change to fair value option related to                                
  debenture carrying value     -       -       26,809       26,809  
                                 
Day-one loss from derivative financings     -       -       (847 )     (847 )
                                 
Extinguished     17,787               9,692       27,479  
                                 
Conversions:                                
 Series C preferred stock     (632 )     -       -       (632 )
 Series D preferred stock     (1,295 )     -       -       (1,295 )
 August 24, 2006 financing     (740 )     -       -       (740 )
 December 29, 2006 financing     (176 )     -       -       (176 )
 March 27, 2007 financing     -       -       (740 )     (740 )
August 24, 2007 financing     -       -       (585 )     (585 )
 May 1, 2009 financing     (21 )     -       -       (21 )
 April 13, 2011 financing     (226 )     -       -       (226 )
 May 31, 2011 financing     (885 )     -       -       (885 )
 June 28, 2011  financing     (414 )     -       -       (414 )
 July 13, 2011 financing     (1,656 )     -       -       (1,656 )
 August 15, 2011 financing     (1,440 )     -       -       (1,440 )
 September 15, 2011 financing     (1,458 )     -       -       (1,458 )
                                 
Ending balance, June 30, 2012   $ 3,409     $ 14,105     $ 76,517     $ 94,031