Debt - Additional Information (Details) (USD $)
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3 Months Ended | 6 Months Ended | 6 Months Ended | 1 Months Ended | 6 Months Ended | 6 Months Ended | 6 Months Ended | |||||||||||||||||||
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Jun. 30, 2014
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Jun. 30, 2014
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Jun. 30, 2013
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Dec. 31, 2013
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Dec. 31, 2012
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Jun. 30, 2014
Magna Convertible Notes
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Jun. 30, 2014
Prior to July 30, 2014
Magna Convertible Notes
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Jun. 30, 2014
On or prior to the earlier of October 13, 2014
Magna Convertible Notes
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Jun. 30, 2014
Maximum
Magna Convertible Notes
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Dec. 31, 2012
Senior Secured Credit Facility
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Jan. 31, 2014
Term Loan
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Jun. 30, 2014
Term Loan
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Dec. 31, 2012
Term Loan
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Dec. 31, 2012
Revolving Line of Credit Facility
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Jun. 30, 2014
GE Secured Lending Facility
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Dec. 31, 2013
GE Secured Lending Facility
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Jun. 30, 2014
Hercules Term Loan
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Jun. 30, 2013
Hercules Term Loan
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Jun. 30, 2014
Hercules Term Loan
Prime rate plus
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Jun. 30, 2014
Hercules Term Loan
Maximum
Installment
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Jun. 30, 2014
Hercules Term Loan
Minimum
Installment
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Jun. 30, 2014
Hercules Term Loan
Minimum
Through August 15, 2014
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Jun. 30, 2014
Hercules Term Loan
Minimum
Thereafter August 15, 2014
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Jun. 30, 2014
Hercules Term Loan
Scenario, Forecast
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Jun. 30, 2014
Initial Convertible Note
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Jun. 30, 2014
Additional Convertible Note
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Debt Instrument [Line Items] | ||||||||||||||||||||||||||
Senior secured credit facility, maximum borrowing capacity | $ 21,500,000 | $ 18,000,000 | $ 3,500,000 | |||||||||||||||||||||||
Debt and line of credit maturity date | May 31, 2016 | Jun. 30, 2016 | Jan. 01, 2018 | |||||||||||||||||||||||
Term loan, payment terms | The term loan included interest only payments for a period of 12 months, followed by monthly principal payments of approximately $600,000 for a period of 30 months, which the Company commenced paying in January 2014. | Interest accrues from the closing date and interest payments are due monthly. Principal payments are required commencing August 1, 2015 and are to be made in 30 equal installments of approximately $700,000, with the remainder due at maturity. If, however, the Company meets certain revenue conditions, the interest only period may be extended through February 1, 2016, reducing the number of required principal payments to 24 equal installments. Additionally, under certain circumstances the Company may, or Hercules Technology may, require that $1.5 million of the principal be paid in the form of shares of common stock at a fixed conversion price of $5.72 per share. | ||||||||||||||||||||||||
Debt instruments,date of first required payment | Jan. 31, 2014 | |||||||||||||||||||||||||
Debt instrument, periodic principal payment | 600,000 | 700,000 | ||||||||||||||||||||||||
Debt instrument, fixed rate | 6.00% | 7.50% | 10.95% | |||||||||||||||||||||||
Revolving line of credit | 0 | 0 | 0 | |||||||||||||||||||||||
Final payment fee for debt | 720,000 | 720,000 | 1,500,000 | |||||||||||||||||||||||
Annual management fee | 15,000 | 15,000 | ||||||||||||||||||||||||
Debt instrument, frequency of fee | annual management fee of $15,000 per year | |||||||||||||||||||||||||
Long-term debt outstanding including unamortized discount | 14,400,000 | 14,400,000 | 150,000 | 250,000 | ||||||||||||||||||||||
Long-term debt outstanding | 18,900,000 | 18,900,000 | 17,925,000 | 14,300,000 | ||||||||||||||||||||||
Unamortized deferred financing costs | 1,100,000 | 1,100,000 | ||||||||||||||||||||||||
Term loan | 20,000,000 | |||||||||||||||||||||||||
Proceeds from line of credit | 7,090,000 | 15,300,000 | ||||||||||||||||||||||||
Loss on extinguishment of debt | (1,596,000) | (1,596,000) | 1,600,000 | |||||||||||||||||||||||
Principal amount of debt instrument | 22,900,000 | 22,900,000 | 18,000,000 | 18,000,000 | 20,000,000 | 2,900,000 | 3,500,000 | |||||||||||||||||||
Debt instrument purchase price | 2,500,000 | 3,500,000 | ||||||||||||||||||||||||
Term loan fee amount | 200,000 | |||||||||||||||||||||||||
Debt description | The Hercules Term Loan also includes a non-refundable final payment fee of $1.5 million. The final payment fee will increase to $2.0 million in the event that the Company does not receive $3.5 million pursuant to the Additional Convertible Note on or before August 15, 2014. The final payment fee will be accrued and recorded to interest expense over the life of the loan. In addition, the Company issued a warrant to Hercules Technology (“Hercules Warrant”) to purchase 516,129 shares of common stock at an initial exercise price of $4.65, subject to adjustment. The number of shares of common stock for which the Hercules Warrant may be exercisable may be increased to 623,655 if the Company does not receive $3.5 million pursuant to the Additional Convertible Note on or before August 15, 2014. | |||||||||||||||||||||||||
Contingent non-refundable payment fee | 2,000,000 | |||||||||||||||||||||||||
Received additional convertible notes | 3,500,000 | |||||||||||||||||||||||||
Warrants issued | 568,889 | 516,129 | ||||||||||||||||||||||||
Initial exercisable price | $ 4.65 | $ 4.65 | ||||||||||||||||||||||||
Common stock increased | 623,655 | |||||||||||||||||||||||||
Estimated fair value | 848,000 | 848,000 | 206,000 | 900,000 | ||||||||||||||||||||||
Warrant expires date | Jun. 30, 2019 | |||||||||||||||||||||||||
Deferred financing cost | 1,100,000 | |||||||||||||||||||||||||
Termination fee | 1,200,000 | |||||||||||||||||||||||||
Debt instrument, variable interest rate | 7.70% | |||||||||||||||||||||||||
Debt instrument, interest rate description | The Magna Convertible Notes mature on June 30, 2016 (subject to extension by the holder) and accrue interest at an annual rate of 6.0%. | The Hercules Term Loan bears interest at the rate of the greater of either (i) the prime rate plus 7.7%, and (ii) 10.95%. | ||||||||||||||||||||||||
Number of installments for principal payments | 30 | 24 | ||||||||||||||||||||||||
Debt instrument, periodic principal payment | 600,000 | 700,000 | ||||||||||||||||||||||||
Conversion of stock, amount issued | 1,500,000 | |||||||||||||||||||||||||
Common stock at a fixed conversion price | $ 3.75 | $ 4.13 | $ 5.72 | |||||||||||||||||||||||
Debt instrument, covenant description | The Hercules Term Loan contains certain covenants related to restrictions on payments to certain company affiliates, financial reporting requirements and a minimum liquidity covenant that requires the Company to maintain cash and cash equivalents of no less than $6.0 million through August 15, 2014 and not less than $9.0 million thereafter. | |||||||||||||||||||||||||
Debt instrument, covenant compliance | Although the Company was in compliance with the liquidity covenant at June 30, 2014, the Company anticipates that it will be non-compliant with the liquidity covenant during the fourth quarter of 2014, and has therefore classified the entire obligation as a current liability. | |||||||||||||||||||||||||
Cash and cash equivalents | 11,550,000 | 11,550,000 | 1,136,000 | 2,279,000 | 2,741,000 | 6,000,000 | 9,000,000 | |||||||||||||||||||
Common stock, issued | 12,411,207 | 12,411,207 | 597,675 | 50,853 | ||||||||||||||||||||||
Common stock, $0.01 par value; 250,000,000 shares authorized; 12,411,207 and 597,675 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively | $ 124,000 | $ 124,000 | $ 6,000 | $ 229,000 | ||||||||||||||||||||||
Closing sale price of the common stock, percentage | 110.00% | |||||||||||||||||||||||||
Debt instrument, convertible, threshold consecutive trading days | 2 days | |||||||||||||||||||||||||
Debt Instrument convertible notes premium | 127.50% | |||||||||||||||||||||||||
Days of redeemable interest remaining convertible notes | 60 days | |||||||||||||||||||||||||
Percentage of volume weighted average price | 80.00% | |||||||||||||||||||||||||
Debt instrument, convertible, number of threshold consecutive trading days | 5 | |||||||||||||||||||||||||
Purchase common stock of exercisable share | 257,778 | |||||||||||||||||||||||||
Purchase common stock of remaining shares | 311,111 |