Quarterly report pursuant to Section 13 or 15(d)

Organization and Summary of Significant Accounting Policies (Tables)

v2.4.0.6
Organization and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2012
Organization and Summary of Significant Accounting Policies [Abstract]  
Fair value of the warrant liability

The following table rolls forward the fair value of the Company’s warrant liabilities, the fair value of which is determined by Level 3 inputs for the six months ended June 30, 2011 and 2012 (in thousands):

 

                                 
    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2012     2011     2012     2011  

Fair value, beginning of period

  $ 3,627     $ —       $ 3,611     $ —    

Issuance of warrants

    2,863       5,474       2,863       5,474  

Change in fair value

    (1,955)       1,630       (1,939)       1,630  

Fair value, end of period

  $ 4,535     $ 7,104     $ 4,535     $ 7,104