Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share (Tables)

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Net Income (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the reconciliation of the numerator and denominator used in the computation of basic and diluted net income (loss) per common share for the three months ended March 31, 2014 and 2013: 
 
 
 
Three months ended March 31,
 
(in thousands, except per share amounts)
 
2014
 
2013
 
Numerator:
 
 
 
 
 
 
 
Net income (loss) used for basic earnings per share
 
$
(1,804)
 
$
6,001
 
Less change in fair value of warrant liability
 
 
 
 
 
Net (loss) income used for diluted earnings per share
 
$
(1,804)
 
$
6,001
 
Denominator:
 
 
 
 
 
 
 
Basic weighted-average outstanding common shares
 
 
88,929
 
 
78,256
 
Effect of dilutive potential common shares resulting from options
 
 
 
 
2,237
 
Effect of dilutive potential common shares resulting from warrants
 
 
 
 
6,269
 
Weighted-average shares outstanding—diluted
 
 
88,929
 
 
86,762
 
Net income (loss) per common share:
 
 
 
 
 
 
 
Basic
 
$
(0.02)
 
$
0.08
 
Diluted
 
$
(0.02)
 
$
0.07
 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The table below presents common shares underlying stock options and warrants that are excluded from the calculation of the weighted average number of common shares outstanding used for the calculation of diluted net income (loss) per common share. These are excluded from the calculation due to their anti-dilutive effect for the three months ended March 31, 2014 and 2013:
 
 
 
Three months ended September
30,
 
(in thousands)
 
2014
 
2013
 
Weighted-average anti-dilutive common shares resulting from options
 
 
6,697
 
 
491
 
Weighted-average anti-dilutive common shares resulting from warrants
 
 
3,967
 
 
7
 
 
 
 
10,664
 
 
498