Weighted Average Number of Common Shares Outstanding |
For purposes of this calculation, common stock subject to repurchase by the Company and options are considered to be common stock equivalents and are only included in the calculation of diluted earnings per share when their effect is dilutive (in thousands, except per share data): | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2014 | | 2013 | | 2014 | | 2013 | Numerator: | | | | | | | | Net loss | $ | (2,895 | ) | | $ | (4,661 | ) | | $ | (9,568 | ) | | $ | (7,310 | ) | Denominator: | | | | | | | | Weighted average common shares outstanding | 97,832 |
| | 96,795 |
| | 97,730 |
| | 96,748 |
| Weighted average unvested common shares subject to repurchase | (910 | ) | | (869 | ) | | (870 | ) | | (872 | ) | Weighted average common shares outstanding—basic | 96,922 |
| | 95,926 |
| | 96,860 |
| | 95,876 |
| Effect of dilutive securities: | | | | | | | | Options, warrants and restricted share awards | — |
| | — |
| | — |
| | — |
| Weighted average common shares outstanding—diluted | 96,922 |
| | 95,926 |
| | 96,860 |
| | 95,876 |
| Net loss per common share: | | | | | | | | Basic and diluted net loss per share | $ | (0.03 | ) | | $ | (0.05 | ) | | $ | (0.10 | ) | | $ | (0.08 | ) |
|
Weighted-Average Anti-Dilutive Securities Not Included in Diluted Net Loss Per Share |
| | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2014 | | 2013 | | 2014 | | 2013 | Numerator: | | | | | | | | Net loss | $ | (2,895 | ) | | $ | (4,661 | ) | | $ | (9,568 | ) | | $ | (7,310 | ) | Denominator: | | | | | | | | Weighted average common shares outstanding | 97,832 |
| | 96,795 |
| | 97,730 |
| | 96,748 |
| Weighted average unvested common shares subject to repurchase | (910 | ) | | (869 | ) | | (870 | ) | | (872 | ) | Weighted average common shares outstanding—basic | 96,922 |
| | 95,926 |
| | 96,860 |
| | 95,876 |
| Effect of dilutive securities: | | | | | | | | Options, warrants and restricted share awards | — |
| | — |
| | — |
| | — |
| Weighted average common shares outstanding—diluted | 96,922 |
| | 95,926 |
| | 96,860 |
| | 95,876 |
| Net loss per common share: | | | | | | | | Basic and diluted net loss per share | $ | (0.03 | ) | | $ | (0.05 | ) | | $ | (0.10 | ) | | $ | (0.08 | ) |
The weighted-average anti-dilutive securities not included in diluted net loss per share were as follows (in thousands): | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2014 | | 2013 | | 2014 | | 2013 | Options to purchase common stock | 7,270 |
| | 4,098 |
| | 7,320 |
| | 4,099 |
| Unvested restricted share awards | 910 |
| | 869 |
| | 870 |
| | 872 |
| Warrants to purchase common stock | 10,844 |
| | 594 |
| | 10,844 |
| | 594 |
| Total | 19,024 |
| | 5,561 |
| | 19,034 |
| | 5,565 |
|
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