Stockholders' Deficit

12 Months Ended

Dec. 31, 2013

Stockholders' Equity Note [Abstract]

Stockholders' Deficit

Stockholders' Deficit

On the Effective Date, the Company issued 25,659,877 shares of common stock and 3,458,390 warrants to purchase common stock and established a reserve which set aside 610,309 shares of common stock and 124,012 warrants for satisfaction of certain pending claims related to the Chapter 11 Cases (the "Equity Claims Reserve"). During the year ended December 31, 2012, the Company distributed 69,194 shares of common stock and 117,943 warrants from the Equity Claims Reserve in full satisfaction of allowed claims, thereby completing the common stock and warrant distribution with respect to the Plan.

At December 31, 2013, 37,500,000 shares of common stock were authorized and 26,480,837 shares of common stock (including shares of non-vested restricted stock) and 3,582,402 warrants, each eligible to purchase one share of common stock, were outstanding.

The initial exercise price applicable to the warrants is $48.81 per share of common stock. The exercise price applicable to the warrants is subject to adjustment upon the occurrence of certain events described in the Warrant Agreement. The warrants may be exercised at any time on or before the seventh anniversary of the Effective Date.