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Warrants (Tables)
9 Months Ended
Sep. 30, 2012
Warrants [Abstract]  
Weighted-average assumptions
                 
    Three and Nine Months Ended September 30,  
    2012     2011  

Risk-free interest rate

    0.1%-0.3     0.1%-1.3

Expected dividend yield

    0     0

Expected lives

    0.2-1.9 years       1.2-3.4 years  

Expected volatility

    100.7%-209.1     55.3%-88.5%  

Shares underlying warrants classified as liabilities

    4,784,519       4,824,827  

Market value of stock at beginning of year

  $ 4.50     $ 12.72  

Market value of stock at end of period

  $ 15.53     $ 6.72  
Reconciliation of the change in value of the Company's warrants
                 
    Three Months Ended
September 30, 2012
    Nine Months Ended
September 30, 2012
 
    (in thousands)     (in thousands)  

Balance at beginning of period

  $ 2,884     $ 5,446  

Increase (Decrease) in value of warrants

    42,716       40,154  

Reclassification to shareholders’ equity upon exercise of warrants

    (391     (391
   

 

 

   

 

 

 

Balance at September 30, 2012

  $ 45,209     $ 45,209  
   

 

 

   

 

 

 
Summary of information about warrant outstanding
                 

Exercise Price

 

Outstanding Warrants at
September 30, 2012

 

Expiration Date

 

Weighted Average

Remaining

Contractual Life

(Years)

 

Exercisable

Warrants

$0.0018

  2,778   No expiration date   No expiration date   2,778

6.84

  167   No expiration date   No expiration date   167

6.96

  2,317,281   7/30/2014   2.0   2,317,281

8.70

  7,468   1/30/2014   1.0   7,468

10.68

  1,568,385   8/31/2014   2.0   1,568,385

14.70

  891,385   12/18/2012   0.2   891,385

21.66

  34,626   11/13/2012   0.1   34,626
   

 

         

 

    4,822,090           4,822,090