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Business, Liquidity and Summary of Significant Accounting Policies (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Schedule of liabilities measured at fair value on a recurring basis

 
   Level 1     Level 3 
  Balance at  Quoted prices in  Level 2  Significant 
  December 31,  active markets for  Significant other  unobservable 
(In thousands) 2014  identical assets  observable inputs  inputs 
Liabilities:                
Fair value liability for price adjustable warrants $9,225  $-  $-  $9,225 
Fair value liability for shares to be issued  75   75   -   - 
Total liabilities at fair value $9,300  $75  $-  $9,225 

 

 

     Level 1     Level 3 
     Quoted prices in  Level 2  Significant 
  Balance at  active markets for  Significant other  unobservable 
 (In thousands) June 30, 2015  identical assets  observable inputs  inputs 
Liabilities:                
Fair value liability for price adjustable warrants $5,582  $-  $-  $5,582 
Total liabilities at fair value $5,582  $-  $-  $5,582 

 

  Balance at
December 31,
2013
  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 $5,226  $-  $-  $5,226 
Fair value liability for shares to be issued  1,019   1,019   -   - 
Total liabilities at fair value $6,245  $1,019  $-  $5,226 

 

  Balance at
December 31,
2014
  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 $9,225  $-  $-  $9,225 
Fair value liability for shares to be issued  75   75   -   - 
Total liabilities at fair value $9,300  $75  $-  $9,225 
Schedule of activity of accrued restructuring liability determined by Level 3 inputs  
  Facility Related Liabilities 
(In thousands) 2013  2014 
Balance, January 1 $392  $12 
Cash payments  (380)  (12)
Balance, December 31 $12  $- 
Schedule of fair value liability of price adjustable warrants determined by Level 3

 

     Weighted average as of each measurement date 
  Fair value                
  liability for price           Contractual    
  adjustable warrants  Exercise  Stock     life  Risk free 
  (in thousands)  Price  Price  Volatility  (in years)  rate 
                   
Balance at December 31, 2014 $9,225  $0.42  $0.95   121%  3.51   0.90%
Change in fair value included in Statement of Operations  (3,643)                    
Balance at June 30, 2015 $5,582  $0.42  $0.59   102%  2.09   0.70%
 
     Weighted average as of each measurement date 
  Fair value
liability for
price
adjustable
warrants
(in thousands)
  Exercise
Price
  Stock
Price
  Volatility  Contractual
life
(in years)
  Risk free
rate
 
Balance at December 31, 2012 $4,169  $0.28  $0.46   146%  4.64   0.66%
Fair value of warrants issued in connection to amendments to notes payable  1,208   0.28   0.28   140%  5.50   1.55%
Change in fair value included in consolidated statement of operations  (151)  -   -   -   -   - 
Balance at December 31, 2013  5,226   0.28   0.4   124%  4.08   1.30%
Fair value of price-adjustable warrants issued in connection with Series C Convertible Preferred Shares  5,929   0.75   1.50   123%  7.0   0.55%
Exercise of Warrants  (1,917)  0.36   1.14   133%  3.07   0.77%
Change in fair value included in consolidated statement of operations  (13)  -   -   -   -   - 
Balance at December 31, 2014 $9,225  $0.42   0.95   121%  3.51   0.90%

   

Schedule of anti-dilutive securities

 

  Three Months Ended June 30,  Six Months Ended June 30, 
  2014  2015  2014  2015 
Stock options outstanding  284,505   1,316,106   284,505   1,316,106 
Warrants  7,031,058   1,323,291   21,310,695   1,323,291 
Convertible preferred stock  -   8,000,000   8,000,000   8,000,000 
Total  7,315,563   10,639,397   29,595,200   10,639,397 
 
  Year Ended December 31, 
  2013  2014 
Stock options outstanding  284,829   1,084,106 
Warrants  17,017,601   21,212,813 
Common shares underlying Series C convertible preferred stock  -   8,000,000 
Total  17,302,430   30,296,919 
Schedule of reconciliation of basic and diluted net income (loss)
  Three Months Ended June 30,  Six Months Ended June 30, 
  2014  2015  2014  2015 
Net income (loss) – numerator basic $3,921  $904  $(11,157) $1,318 
Change in fair value liability for price adjustable warrants  -  (1,914)  -   (3,643)
Net loss excluding change in fair value liability for price adjustable warrants $3,921 $(1,010) $(11,157) $(2,325)
Weighted average common shares outstanding – denominator basic  25,633   26,036   23,563   26,036 
Assumed conversion of Series C  102   -   -   - 
Effect of price adjustable warrants  9,066   4,257   -   4,257 
Weighted average dilutive common shares outstanding  34,801   30,293   23,563   30,293 
Net income (loss) per common share – basic $0.15  $0.03 $(0.47) $0.05
Net income (loss) per common share – diluted $0.11  $(0.03) $(0.47) $(0.08)