Quarterly report pursuant to sections 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.8
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2014
Accounting Policies [Abstract]  
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

 

     As of March 31, 2014  

Description

   Level 1      Level 2      Level 3      Fair Value  

Money market funds

   $ 21,737       $ —         $ —         $ 21,737   

Corporate debt and asset backed securities

     —           6,191         —           6,191   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets measured at fair value

   $ 21,737       $ 6,191       $ —         $ 27,928   
  

 

 

    

 

 

    

 

 

    

 

 

 

Warrant liability

   $ —         $ —         $ 11,638       $ 11,638   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities measured at fair value

   $ —         $ —         $ 11,638       $ 11,638   
  

 

 

    

 

 

    

 

 

    

 

 

 
Schedule of Changes in Fair Value of Financial Instruments

The following table sets forth an activity summary which includes the changes in the fair value of the Company's Level 3 financial instruments (in thousands):

 

     Warrant     Forward  
     Liability     Contract  

Balance as of December 31, 2013

   $ 6,466      $ 453   

Issuance of financial instrument

     443        —     

Change in fair value

     4,784        (10

Settlement of financial instrument

     (55     (443
  

 

 

   

 

 

 

Balance as of March 31, 2014

   $ 11,638      $ —     
  

 

 

   

 

 

 
Anti-Dilutive Securities Excluded from the Computation of Diluted Net Loss per Share

The following table shows the total outstanding securities considered anti-dilutive and therefore excluded from the computation of diluted net loss per share:

 

     Three Months Ended  
     March 31,  
     2014      2013  
    

(unaudited)

 

Warrants for common stock

     1,848,487         28,210   

Common stock options

     906,796         97,687   

Redeemable convertible preferred stock

     —           661,059   
  

 

 

    

 

 

 
     2,755,283         786,956