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Business, Reduction of Operations, Going Concern, Recent Financing Activities and Basis of Preparation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2012

Business, Reduction of Operations, Going Concern, Recent Financing Activities, and Basis of Preparation and Summary of Significant Accounting Policies [Abstract]

Schedule of Liabilities Measured at Fair Value on a Recurring Basis

The following tables summarize our liabilities measured at fair value on a recurring basis as of September 30, 2012 (in thousands):

	Balance at September 30, 2012		Level 1 Quoted prices in active markets for identical assets		Level 2 Significant other observable inputs		Level 3 Significant unobservable inputs
Liabilities:
Fair value liability for price adjustable warrants and subscription investment units	$	2,477		-		-	$	2,477
Total liabilities at fair value	$	2,477		-		-	$	2,477

Schedule of Activity of Fair Value of Liabilities Determined by Level 3 Inputs

The following presents activity of the fair value liability of price adjustable warrants and subscription investment units determined by Level 3 inputs (in thousands, except per share data):

				Weighted average as of each measurement date
	Fair value liability for price adjustable warrants and subscription investment units (in thousands)			Exercise Price		Stock Price		Volatility			Contractual life in years		Risk free rate
Balance at December 31, 2011	$	3,485		$	0.76	$	0.89		124	%		5.4		0.9	%
Fair value of warrants issued		2,561			0.28		0.49		127	%		5.5		0.8	%
Reclassification to equity upon exercise of warrants		(291	)		0.51		0.74		135	%		5.0		0.7	%
Change in fair value included in statement of operations		(3,278	)
Balance at September 30, 2012	$	2,447		$	0.25	$	0.28		143	%		4.7		0.9	%

Schedule of Anti-Dilutive Securities

The following numbers of shares have been excluded for periods ended September 30:

	2011		2012
Stock options outstanding		611,657		358,373
Warrants		4,956,005		11,251,086
Subscription investment units		25,000		0
Total		5,592,662		11,609,459

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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