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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2012
Assets and Liabilities Measured at Fair Value on a Recurring Basis
     Fair Value Measurements at Reporting Date Using  
     Quoted Prices
in Active
Markets for
Identical Assets
(Level  1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

At September 30, 2012

                           

Assets

           

Money market fund shares(1)

   $ 45,592         0         0       $ 45,592   

Liabilities

           

Common stock warrant liabilities(2)

   $ 0         0         24,915       $ 24,915   

Embedded derivative liabilities(3)

   $ 0         0         679       $ 679   

At December 31, 2011

                           

Assets

           

Money market fund shares(1)

   $ 49,752         0         0       $ 49,752   

Liabilities

           

Common stock warrant liability(4)

   $ 0         0         345       $ 345   

Embedded derivative liabilities(3)

   $ 0         0         845       $ 845   
Reconciliation of Liabilities Measured at Fair Value Using Significant Observable Inputs (Level 3)

The following table provides a reconciliation of liabilities measured at fair value using significant observable inputs (Level 3) for the nine months ended September 30, 2012 (in thousands):

 

     Common Stock
Warrant
Liabilities
     Embedded
Derivative
Liabilities
 

Balance at December 31, 2011

   $ 345       $ 845   

Issuance of common stock warrants

     20,959         0   

Changes in fair value

     3,611         (166
  

 

 

    

 

 

 

Balance at September 30, 2012

   $ 24,915       $ 679   
  

 

 

    

 

 

 
Basic and Diluted Net Loss Per Share

The following table presents the computation of basic and diluted net loss per share (in thousands, except per share amounts):

 

     Three Months Ended September 30,     Nine Months Ended September 30,  
     2012     2011     2012     2011  

Numerator

        

Net loss

   $ (19,282   $ (22,038   $ (46,743   $ (60,199

Denominator

        

Weighted average common shares outstanding

     90,370        37,320        73,790        35,132   

Weighted average shares subject to repurchase

     0        0        0        (5
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average shares outstanding, basic and diluted

     90,370        37,320        73,790        35,127   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic and diluted net loss per share

   $ (0.21   $ (0.59   $ (0.63   $ (1.71
  

 

 

   

 

 

   

 

 

   

 

 

 
Schedule of Calculation of Diluted Net Loss Per Share

The following table presents potentially dilutive securities not included in the calculation of diluted net loss per share because to do so would be anti-dilutive (in thousands, of common equivalent shares):

 

     Three and Nine Months Ended
September 30,
 
     2012      2011  

Common stock warrants

     16,285         508   

Common stock options and restricted stock units

     9,476         3,441   
  

 

 

    

 

 

 
     25,761         3,949