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Financing (Tables)
12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Significant Terms Debentures for Entire Hybrid Instrument [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 December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
Conversion Price – Lower of Fixed
Price or Percentage of VWAP for
Look-back period
 
 
 
 
 
 
 
 
 
 
 
 
Anti-
Dilution
 
 
 
 
 
 
Debenture
 
Face
 
Interest
 
 
 
Fixed
 
Adjusted
 
 
 
 
Look-back
 
Issuance Year
 
Amount
 
Rate
 
 
 
Price
 
Price
 
%
 
 
Period
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2006
 
$
1,962
 
9.5
%
 
$
2.00
 
$
0.00018
 
90
%
 
125 Days
 
2007
 
 
567
 
9.5
%
 
$
2.00
 
$
0.00018
 
90
%
 
125 Days
 
2007
 
 
272
 
-
 
 
$
2.00
 
$
0.00019
 
95
%
 
125 Days
 
2008
 
 
1,217
 
9.5
%
 
$
2.00
 
$
0.00018
 
90
%
 
125 Days
 
2008
 
 
830
 
-
 
 
$
2.00
 
$
0.00019
 
95
%
 
125 Days
 
2009
 
 
134
 
9.5
%
 
$
2.00
 
$
0.00018
 
90
%
 
125 Days
 
2011
 
 
852
 
9.5
%
 
$
2.00
 
$
0.00018
 
90
%
 
125 Days
 
2012
 
 
762
 
9.5
%
 
$
2.00
 
$
0.00018
 
90
%
 
125 Days
 
2012
 
 
210
 
-
 
 
$
2.00
 
$
0.00019
 
95
%
 
125 Days
 
2013
 
 
22,084
 
9.5
%
 
$
2.00
 
$
0.00018
 
90
%
 
125 Days
 
2013
 
 
12,127
 
-
 
 
$
2.00
 
$
0.00019
 
95
%
 
125 Days
 
Total
 
$
41,017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
shares
 
Preferred
shares
 
Preferred
shares
 
Common
shares
 
 
 
issued
 
converted
 
remaining
 
issued
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
Series C Preferred Stock
 
22
 
17
 
5
 
314,619
 
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 December 31, 2013 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
accrued interest
at December
 31, 2013
 
Principal and
accrued interest
converted since
inception
Common
Shares
issued
 
 
 
(in thousands)
 
Debentures
 
$
42,811
 
$
11,747
 
 
4,403,415
 
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 December 31, 2013 and 2012.
 
December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Face
 
Carrying
 
Embedded
Conversion
 
Common
Stock
 
 
 
Value
 
Value
 
Feature
 
Shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Series C Preferred Stock
 
$
4,816
 
$
4,816
 
$
22,015
 
24,823,015
 
Series D Preferred Stock
 
 
348
 
 
348
 
 
1,591
 
1,794,330
 
Total
 
$
5,164
 
$
5,164
 
$
23,606
 
26,617,345
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
Embedded
 
Common
 
 
 
Face
 
Carrying
 
Accrued
 
Conversion
 
Stock
 
 
 
Value
 
Value
 
Interest
 
Feature
 
Shares
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Series C Preferred Stock
 
$
4,840
 
$
4,840
 
$
-
 
$
1,988
 
923,953
 
Series D Preferred Stock
 
 
348
 
 
348
 
 
-
 
 
143
 
66,457
 
Total
 
$
5,188
 
$
5,188
 
$
-
 
$
2,131
 
990,410
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Debentures:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2006
 
$
53
 
$
53
 
$
7
 
 
16
 
11,871
 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
Gain (loss) from change in fair value of derivative liability – Series C and D Preferred Stock and debentures
 
 
 
Year ended
December 31,
 
 
 
2013
 
2012
 
 
 
(in thousands)
 
Series C Preferred Stock
 
$
(20,036)
 
$
(2,066)
 
Series D Preferred Stock
 
 
(1,448)
 
 
(1,286)
 
 
 
 
 
 
 
 
 
Debentures:
 
 
 
 
 
 
 
2006
 
 
15
 
 
(3,005)
 
2008
 
 
-
 
 
(1,350)
 
2009
 
 
-
 
 
(484)
 
2010
 
 
-
 
 
(34)
 
2011
 
 
-
 
 
(4,825)
 
2012
 
 
-
 
 
15
 
Loss from change in fair value of derivative liability
 
$
(21,469)
 
$
(13,035)
 
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 December 31, 2013 and 2012.
 
December 31, 2013
 
 
 
 
 
 
 
Common
 
 
 
Face
 
Fair
 
Stock
 
 
 
Value
 
Value
 
Shares
 
 
 
(in thousands)
 
Debentures:
 
 
 
 
 
 
 
 
 
2006
 
$
1,962
 
$
13,512
 
12,285,288
 
2007
 
 
839
 
 
3,587
 
3,244,058
 
2008
 
 
2,047
 
 
12,825
 
11,689,415
 
2009
 
 
134
 
 
1,018
 
923,440
 
2011
 
 
852
 
 
5,745
 
5,226,562
 
2012
 
 
972
 
 
9,369
 
8,524,582
 
2013
 
 
34,211
 
 
211,395
 
192,394,516
 
Total
 
$
41,017
 
$
257,451
 
234,287,861
 
 
December 31, 2012
 
 
 
 
 
 
 
Common
 
 
 
Face
 
Fair
 
Stock
 
 
 
Value
 
Value
 
Shares
 
 
 
(in thousands)
 
Debentures:
 
 
 
 
 
 
 
 
 
2006
 
$
6,180
 
$
14,758
 
5,196,283
 
2007
 
 
6,856
 
 
17,172
 
6,098,480
 
2008
 
 
6,468
 
 
15,492
 
5,487,497
 
2009
 
 
1,644
 
 
3,565
 
1,243,390
 
2010
 
 
3,806
 
 
7,178
 
2,512,724
 
2011
 
 
1,954
 
 
3,080
 
1,084,237
 
2012
 
 
1,979
 
 
3,047
 
1,073,527
 
Total
 
$
28,887
 
$
64,292
 
22,696,138
Schedule of Fair Value Hybrid Financial Instrument Disclosure [Table Text Block]
The changes in fair value of these hybrid financial instruments were as follows:
 
Gain (loss) from change in fair value of hybrid financial instruments
 
 
 
Year ended
December 31,
 
 
 
2013
 
2012
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
2006
 
$
100
 
$
2,680
 
2007
 
 
13,343
 
 
798
 
2008
 
 
2,339
 
 
5,433
 
2009
 
 
1,249
 
 
708
 
2010
 
 
7,178
 
 
1,858
 
2011
 
 
(3,146)
 
 
840
 
2012
 
 
(7,060)
 
 
771
 
2013
 
 
(211,395)
 
 
-
 
 
 
 
(197,392)
 
 
13,088
 
Less: Day-one loss from debenture financings
 
 
-
 
 
(1,162)
 
Gain (loss) from changes in fair value of hybrid
instruments
 
$
(197,392)
 
$
11,926
 
Schedule of Warrants Embedded Warrants Fair Value Outsanding and Anti Diluative Adjustment Disclosure [Table Text Block]
Warrants – The following table summarizes the warrants outstanding, their fair value and their exercise price after adjustment for anti-dilution provisions:
 
 
 
 
 
December 31, 2013
 
December 31, 2012
 
 
 
 
 
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
 
0.000100
 
87,368
 
$
121
 
0.00684
 
328,947
 
$
709
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrants issued with debentures:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2008
 
2015
 
0.000100
 
238,079
 
 
324
 
0.00684
 
896,382
 
 
1,691
 
2010
 
2015
 
0.000100
 
81,350
 
 
111
 
0.00684
 
306,287
 
 
571
 
2011
 
2016
 
0.000100
 
58,246
 
 
80
 
0.00684
 
219,298
 
 
453
 
2012
 
2017
 
0.000100
 
34,947
 
 
48
 
0.00684
 
131,579
 
 
263
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
499,990
 
$
684
 
 
 
1,882,493
 
$
3,687
 
Schedule of Changes in Fair Value of Warrants [Table Text Block]
The changes in the fair value of the warrants were as follows:
 
Gain (loss) from change in fair value of derivative liability- warrants
 
 
 
Year ended
December 31,
 
 
 
2013
 
2012
 
 
 
(in thousands)
 
Warrants issued with preferred stock:
 
 
 
 
 
 
 
Series D Preferred Stock
 
$
588
 
$
1,826
 
 
 
 
 
 
 
 
 
Warrants issued with debentures:
 
 
 
 
 
 
 
2007
 
 
-
 
 
1,510
 
2008
 
 
1,366
 
 
5,185
 
2010
 
 
457
 
 
1,764
 
2011
 
 
378
 
 
1,233
 
2012
 
 
214
 
 
(171)
 
Total
 
$
3,003
 
$
11,347
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 year ended December 31, 2013 (in thousands):
 
 
 
Compound
 
 
 
 
 
 
 
 
 
 
 
 
Embedded
 
Warrant
 
Hybrid
 
 
 
 
 
 
Derivatives
 
Derivatives
 
Instruments
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2012:
 
$
2,147
 
$
3,687
 
$
64,292
 
$
70,126
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value adjustments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Compound embedded derivatives
 
 
21,469
 
 
-
 
 
-
 
 
21,469
 
Warrant derivatives
 
 
-
 
 
(3,003)
 
 
-
 
 
(3,003)
 
Hybrid instruments
 
 
-
 
 
-
 
 
197,392
 
 
197,392
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Conversions:
 
 
 
 
 
 
 
 
 
 
 
 
 
Series C Preferred Stock
 
 
(10)
 
 
-
 
 
-
 
 
(10)
 
August 24, 2006 financing
 
 
-
 
 
-
 
 
(644)
 
 
(644)
 
December 29, 2006 financing
 
 
-
 
 
-
 
 
(503)
 
 
(503)
 
March 27, 2007 financing
 
 
-
 
 
-
 
 
(242)
 
 
(242)
 
April 11, 2008 financing
 
 
-
 
 
-
 
 
(71)
 
 
(71)
 
July 29, 2008 financing
 
 
-
 
 
-
 
 
(234)
 
 
(234)
 
October 18, 2008 financing
 
 
-
 
 
-
 
 
(23)
 
 
(23)
 
July 15, 2009 financing
 
 
-
 
 
-
 
 
(823)
 
 
(823)
 
August 14, 2009 financing
 
 
-
 
 
-
 
 
(475)
 
 
(475)
 
February 8, 2011 financing
 
 
-
 
 
-
 
 
(28)
 
 
(28)
 
April 13, 2011 financing
 
 
-
 
 
-
 
 
(199)
 
 
(199)
 
October 25, 2011 financing
 
 
-
 
 
-
 
 
(37)
 
 
(37)
 
December 8, 2011 financing
 
 
-
 
 
-
 
 
(217)
 
 
(217)
 
February 6, 2012 financing
 
 
-
 
 
-
 
 
(29)
 
 
(29)
 
March 26, 2012 financing
 
 
-
 
 
-
 
 
(141)
 
 
(141)
 
June 1, 2012 financing
 
 
-
 
 
-
 
 
(567)
 
 
(567)
 
Ending balance, December 31, 2013
 
$
23,606
 
$
684
 
$
257,451
 
$
281,741