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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2014	Feb. 28, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	CYTORI THERAPEUTICS, INC.
Entity Central Index Key	0001095981
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 167,624,973
Entity Common Stock, Shares Outstanding		108,181,358
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2014

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 14,622,000	$ 15,506,000
Accounts receivable, net of reserves of $1,523,000 and of $1,445,000 in 2014 and 2013, respectively	1,243,000	4,152,000
Inventories, net	4,829,000	3,694,000
Other current assets	992,000	1,225,000
Total current assets	21,686,000	24,577,000
Property and equipment, net	1,583,000	1,054,000
Restricted cash and cash equivalents	350,000	350,000
Other assets	1,763,000	2,812,000
Intangibles, net	9,415,000	9,345,000
Goodwill	3,922,000	3,922,000
Total assets	38,719,000	42,060,000
Current liabilities:
Accounts payable and accrued expenses	5,546,000	6,077,000
Current portion of long-term obligations, net of discount	7,363,000	3,191,000
Termination fee obligation	0	400,000
Puregraft divestiture obligation	0	547,000
Joint Venture purchase obligation	3,008,000	4,691,000
Total current liabilities	15,917,000	14,906,000
Warrant liability	9,793,000	0
Deferred revenues	112,000	212,000
Long-term deferred rent	558,000	710,000
Long-term obligations, net of discount, less current portion	18,041,000	23,100,000
Total liabilities	44,421,000	38,928,000
Commitments and contingencies
Stockholders' equity:
Series A 3.6% convertible Preferred stock, $0.001 par value; 5,000,000 shares authorized; 13,500 shares issued and 5,311 outstanding in 2014 and nor shares issued and outstanding in 2013	0	0
Common stock, $0.001 par value; 145,000,000 shares authorized; 99,348,377 and 71,305,375 shares issued and outstanding in 2014 and 2013, respectively	99,000	71,000
Additional paid-in capital	331,772,000	303,710,000
Accumulated other comprehensive income	700,000	256,000
Accumulated deficit	(338,273,000)	(300,905,000)
Total stockholders' (deficit) equity	(5,702,000)	3,132,000
Total liabilities and stockholders' (deficit) equity	$ 38,719,000	$ 42,060,000

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Accounts receivable, reserves	$ 1,523,000	$ 1,445,000
Stockholders' equity:
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	13,500	0
Preferred stock, shares outstanding (in shares)	5,311	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	145,000,000	145,000,000
Common stock, shares issued (in shares)	99,348,377	71,305,375
Common stock, shares outstanding (in shares)	99,348,377	71,305,375
Series A Preferred Stock [Member]
Stockholders' equity:
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	13,500	0
Preferred stock, shares outstanding (in shares)	5,311	0

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Product revenues:
Related party	$ 0	$ 1,845,000	$ 0
Third party	4,953,000	5,277,000	8,709,000
Total product revenues	4,953,000	7,122,000	8,709,000
Cost of product revenues	2,940,000	3,421,000	4,000,000
Gross profit	2,013,000	3,701,000	4,709,000
Development revenues:
Development, related party	0	638,000	2,882,000
Development	0	1,179,000	2,529,000
Government contracts and other	2,645,000	3,257,000	381,000
Total development revenues	2,645,000	5,074,000	5,792,000
Operating expenses:
Research and development	15,105,000	17,065,000	13,628,000
Sales and marketing	6,406,000	9,026,000	9,488,000
General and administrative	15,953,000	16,031,000	15,672,000
Change in fair value of warrants	(369,000)	(418,000)	(209,000)
Change in fair value of option liability	0	(2,250,000)	340,000
Total operating expenses	37,095,000	39,454,000	38,919,000
Operating loss	(32,437,000)	(30,679,000)	(28,418,000)
Other income (expense):
Gain (loss) on asset disposal	42,000	(257,000)	0
Loss on debt extinguishment	0	(708,000)	0
Interest income	6,000	4,000	4,000
Interest expense	(4,371,000)	(3,396,000)	(3,386,000)
Other income (expense), net	(608,000)	(438,000)	(314,000)
Gain on Puregraft divestiture	0	4,453,000	0
Gain on previously held equity interest in joint venture	0	4,892,000	0
Equity loss from investment in joint venture	0	(48,000)	(165,000)
Total other income (expense)	(4,931,000)	4,502,000	(3,861,000)
Net loss	(37,368,000)	(26,177,000)	(32,279,000)
Beneficial conversion feature for convertible preferred stock	(1,169,000)	0	0
Net loss allocable to common stock holders	$ (38,537,000)	$ (26,177,000)	$ (32,279,000)
Basic and diluted net loss per share allocable to common stockholders	$ (0.48)	$ (0.39)	$ (0.55)
Basic and diluted weighted average shares used in calculating net loss per share allocable to common stockholders	80,830,698	67,781,364	58,679,687
Other comprehensive income - foreign currency translation adjustments	$ 444,000	$ 256,000	$ 0
Comprehensive loss	$ (36,924,000)	$ (25,921,000)	$ (32,279,000)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Convertible Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at (in shares) at Dec. 31, 2011		56,594,683
Balance at at Dec. 31, 2011		$ 57,000	$ 252,338,000	$ (242,449,000)	$ 0	$ 9,946,000
Stock-based compensation expense		0	3,904,000	0	0	3,904,000
Issuance of common stock under stock option plan and employee stock purchase plan		$ 0	1,157,000	0	0	1,157,000
Issuance of common stock under stock option plan and employee stock purchase plan (in shares)		450,512
Issuance of common stock under stock warrant agreement		$ 0	256,000	0	0	256,000
Issuance of common stock under stock warrant agreement (in shares)		98,855
Sale of common stock, net		$ 9,000	23,462,000	0	0	23,471,000
Sale of common stock, net (in shares)		8,770,000
Net loss for the year ended		$ 0	0	(32,279,000)	0	(32,279,000)
Balance at (in shares) at Dec. 31, 2012		65,914,050
Balance at at Dec. 31, 2012		$ 66,000	281,117,000	(274,728,000)	0	6,455,000
Stock-based compensation expense		0	3,608,000	0	0	3,608,000
Issuance of common stock under stock option plan and employee stock purchase plan		$ 0	225,000	0	0	225,000
Issuance of common stock under stock option plan and employee stock purchase plan (in shares)		338,325
Sale of common stock, net		$ 5,000	17,811,000	0	0	17,816,000
Sale of common stock, net (in shares)		5,053,000
Allocation of fair value for debt-related warrants		$ 0	949,000	0	0	949,000
Accumulated other comprehensive income (loss)		0	0	0	256,000	256,000
Net loss for the year ended		$ 0	0	(26,177,000)	0	$ (26,177,000)
Balance at (in shares) at Dec. 31, 2013	0	71,305,375				71,305,375
Balance at at Dec. 31, 2013		$ 71,000	303,710,000	(300,905,000)	256,000	$ 3,132,000
Stock-based compensation expense		0	3,101,000	0	0	3,101,000
Issuance of common stock under stock option plan and employee stock purchase plan		$ 0	92,000	0	0	92,000
Issuance of common stock under stock option plan and employee stock purchase plan (in shares)		204,288
Issuance of common stock under stock warrant agreement		$ 4,000	4,052,000	0	0
Issuance of common stock under stock warrant agreement (in shares)		4,042,733
Sale of common stock, net		$ 8,000	18,582,000	0	0	18,590,000
Sale of common stock, net (in shares)		8,048,584
Issuance of Series A preferred stock 3.6% Convertible Preferred Stock, net		$ 0	2,235,000	0	0	2,235,000
Issuance of Series A preferred stock 3.6% Convertible Preferred Stock, net (in shares)	13,500
Conversion of Series A 3.6% Convertible Preferred Stock into common stock		$ 16,000	0	0	0	16,000
Conversion of Series A 3.6% Convertible Preferred Stock into common stock (in shares)	(8,189)	15,747,397
Issuance of common stock conversion of Series A preferred stock						4,056,000
Accumulated other comprehensive income (loss)		$ 0	0	0	444,000	444,000
Net loss for the year ended				(37,368,000)	0	$ (37,368,000)
Balance at (in shares) at Dec. 31, 2014	5,311	99,348,377				99,348,377
Balance at at Dec. 31, 2014		$ 99,000	$ 331,772,000	$ (338,273,000)	$ 700,000	$ (5,702,000)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net loss	$ (37,368,000)	$ (26,177,000)	$ (32,279,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	779,000	1,630,000	933,000
Amortization of deferred financing costs and debt discount	1,220,000	893,000	930,000
Joint Venture acquisition obligation accretion	579,000	204,000	0
Provision for doubtful accounts	1,084,000	1,141,000	144,000
Provision for Expired Enzyme	313,000	0	0
Change in fair value of warrants	(369,000)	(418,000)	(209,000)
Change in fair value of option liability	0	(2,250,000)	340,000
Stock-based compensation	3,101,000	3,608,000	3,904,000
Equity loss from investment in joint venture	0	48,000	165,000
Loss on asset disposal	(33,000)	257,000	0
Gain on previously held equity interest in joint venture	0	(4,892,000)	0
Gain on sale of assets	0	(4,453,000)	0
Loss on debt extinguishment	0	708,000	0
Increases (decreases) in cash caused by changes in operating assets and liabilities:
Accounts receivable	2,057,000	(1,209,000)	(1,810,000)
Inventories	(815,000)	(459,000)	143,000
Other current assets	510,000	(24,000)	(324,000)
Other assets	11,000	(854,000)	(74,000)
Accounts payable and accrued expenses	(1,147,000)	(409,000)	1,183,000
Deferred revenues, related party	0	(638,000)	(2,882,000)
Deferred revenues	(100,000)	(1,223,000)	(2,609,000)
Long-term deferred rent	(152,000)	(46,000)	252,000
Net cash used in operating activities	(30,330,000)	(34,563,000)	(32,193,000)
Cash flows from investing activities:
Purchases of property and equipment	(764,000)	(519,000)	(1,204,000)
Expenditures for intellectual property	(255,000)	0	0
Proceeds from sale of assets	76,000	5,000,000	0
License agreement termination fee	(400,000)	(800,000)	0
Cash acquired in purchase of the Joint Venture	0	5,000	0
Net cash provided by (used in) investing activities	(1,343,000)	3,686,000	(1,204,000)
Cash flows from financing activities:
Principal payments on long-term obligations	(1,962,000)	(22,304,000)	(2,692,000)
Proceeds from long-term obligations	0	27,000,000	0
Debt issuance costs and loan fees	0	(1,744,000)	0
Joint venture purchase payments	(2,262,000)	(221,000)	0
Proceeds from exercise of employee stock options and warrants and stock purchase plan	4,151,000	225,000	1,413,000
Proceeds from sale of common stock	19,001,000	18,000,000	24,953,000
Proceeds from issuance of preferred stock	13,500,000	0	0
Costs from sale of common stock	(425,000)	(184,000)	(1,482,000)
Costs from sale of preferred stock	(1,129,000)	0	0
Net cash provided by financing activities	30,874,000	20,772,000	22,192,000
Effect of exchange rate changes on cash and cash equivalents	(85,000)	(106,000)	0
Net decrease in cash and cash equivalents	(884,000)	(10,211,000)	(11,205,000)
Cash and cash equivalents at beginning of year	15,506,000	25,717,000	36,922,000
Cash and cash equivalents at end of year	14,622,000	15,506,000	25,717,000
Cash paid during period for:
Interest	2,588,000	2,252,000	2,497,000
Final payment fee on long-term debt	0	1,078,000	0
Supplemental schedule of non-cash investing and financing activities:
Conversion of preferred stock into common stock	16,000	0	0
Declared dividend related to preferred stock	72,000	0	0
Fair value of warrants allocated to additional paid-in capital	0	949,000	0
Fair value of intangible assets acquired	0	9,394,000	0
Fair value of tangible assets acquired	0	260,000	0
Joint venture purchase obligation	0	4,709,000	0
Fair value of previously held equity interest at acquisition date	$ 0	$ 4,928,000	$ 0

Organization and Operations

12 Months Ended

Dec. 31, 2014

Organization and Operations [Abstract]

Organization and Operations

1.	Organization and Operations

The Company

Cytori Therapeutics (NASDAQ: CYTX) develops cell therapies uniquely formulated and optimized for specific diseases and medical conditions with a primary focus on impaired hand function in scleroderma, osteoarthritis of the knee, full thickness thermal burns combined with radiation exposure, and chronic heart failure.

Principles of Consolidation

The accompanying consolidated financial statements include our accounts and those of our subsidiaries. All significant intercompany transactions and balances have been eliminated.

We have five subsidiaries located in Japan, United Kingdom, Switzerland, India and Spain that have been established primarily to support our sales and marketing activities in these regions.

Certain Risks and Uncertainties

Our prospects are subject to the risks and uncertainties frequently encountered by companies in the early stages of development and commercialization, especially those companies in rapidly evolving and technologically advanced industries such as the biotech/medical device field. Our future viability largely depends on our ability to complete development of new products and receive regulatory approvals for those products. No assurance can be given that our new products will be successfully developed, regulatory approvals will be granted, or acceptance of these products will be achieved. The development of medical devices for specific therapeutic applications is subject to a number of risks, including research, regulatory and marketing risks. There can be no assurance that our development stage products will overcome these hurdles and become commercially viable and/or gain commercial acceptance.

Capital Availability

We incurred net losses of $37,368,000, $26,177,000 and $32,279,000 for the years ended December 31, 2014, 2013 and 2012, respectively. We have an accumulated deficit of $338,273,000 as of December 31, 2014. Additionally, we have used net cash of $30,330,000, $34,563,000 and $32,193,000 to fund our operating activities for years ended December 31, 2014, 2013 and 2012, respectively. At December 31, 2014, the current portion of long-term debt obligations is $7.4 million and the Joint Venture purchase obligation is $3.0 million. The combination of these facts and the balance of cash and cash equivalents at December 31, 2014 raises substantial doubt as to the Company’s ability to continue as a going concern.

To date, these operating losses have been funded primarily from outside sources of invested capital and gross profits. We have had, and we will likely continue to have, an ongoing need to raise additional cash from outside sources to fund our future operations. However, our ability to raise capital was adversely affected once FDA put a hold on our Athena trials in mid-2014, which had an adverse impact to stock price performance and our corresponding ability to restructure our debt. If we are unsuccessful in our efforts to raise outside capital in the near term, we will be required to significantly reduce our research, development, and administrative operations, including reduction of our employee base, in order to offset the lack of available funding.

We are pursuing financing opportunities in both the private and public debt and equity markets as well as through strategic corporate partnerships. We have an established history of raising capital through these platforms, and we are currently involved in negotiations with multiple parties. Our efforts in 2014 to raise capital took longer than we initially anticipated. We expect to continue to utilize our cash and cash equivalents to fund operations at least through June of 2015, subject to minimum cash and cash liquidity requirements of the Loan and Security Agreement with the Lenders, which requires that we maintain at least three months of cash on hand to avoid an event of default under the Loan and Security Agreement. We continue to seek additional cash through product revenues, strategic collaborations, and future sales of equity or debt securities. Although there can be no assurance given, we hope to successfully complete one or more additional financing transactions and corporate partnerships in the near-term. Without this additional capital, current working capital and cash generated from sales and containment of operating costs will not provide adequate funding for research, sales and marketing efforts, clinical and preclinical trials, and product development activities at their current levels. If sufficient capital is not raised, we will at a minimum need to significantly reduce or curtail our research and development and other operations, and this could negatively affect our ability to achieve corporate growth goals.

Specifically, we have prepared an operating plan that calls for us to reduce operations to focus almost entirely on one US clinical program and the supply of current products to existing or new distribution channels. In addition, as part of this plan, there would be minimal expenditures for ongoing scientific research, product development or clinical research. This impacts research and development headcount, external subcontractor expenditures, capital outlay and general and administrative expenditures related to the supervision of such activities. In parallel, we would significantly reduce administrative staff and salaries consistent with the overall reduction in scope of operations. In aggregate, such reductions could result in eliminations of roles for the majority of the Company’s current staff and the deferral or elimination of all ongoing development projects until such time that cash resources were available from operations or outside sources to re-establish development and growth plans. Management is currently reviewing contractual obligations related to the pre-clinical and clinical commitments along with minimum purchase requirements to include deferral of such commitments as part of this plan. While management is actively pursuing it’s near term financial and strategic alternatives it is also, in parallel, continuing to evaluate the timing of implementation of the alternative operating plan and the initiation of the identified reductions.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2.	Summary of Significant Accounting Policies

Use of Estimates

The preparation of Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions affecting the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Our most significant estimates and critical accounting policies involve recognizing revenue, valuing the acquisition of the Olympus Joint Venture, valuing warrants, determining the assumptions used in measuring share-based compensation expense and valuing allowances for doubtful accounts, and inventories.

Actual results could differ from these estimates. Management’s estimates and assumptions are reviewed regularly, and the effects of revisions are reflected in the Consolidated Financial Statements in the periods they are determined to be necessary.

Cash and Cash Equivalents

We consider all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. Investments with original maturities of three months or less that were included with and classified as cash and cash equivalents totaled $8,144,000 and $4,644,000 as of December 31, 2014 and 2013, respectively. We maintain our cash at insured financial institutions. The combined account balances at each institution periodically exceed FDIC insurance coverage, and as a result, there is a concentration of credit risk related to amounts in excess of FDIC limits.

Restricted Cash and Cash Equivalents

Restricted cash consists of cash and cash equivalents held in a letter of credit account pursuant to a lease agreement entered into on April 2, 2010 (amended November 4, 2011) for leasing of property at 3020 and 3030 Callan Road, San Diego, California. The lease agreement required us to execute a letter of credit for $350,000 naming the landlord as a beneficiary. The letter of credit was issued in July 2010 and automatically renews every 6 months unless we make changes during the grace period which is the week after the maturity date. The next maturity date is June 29, 2015. It is required by the landlord that we maintain $350,000 as restricted cash for the duration of the lease, which expires October 31, 2017.

Accounts Receivable

Accounts receivable are recorded at the invoiced amount and do not bear interest. Amounts collected on accounts receivable are included in net cash provided by operating activities in the consolidated statements of cash flows. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable portfolio. In establishing the required allowance, management considers historical losses adjusted to take into account current market conditions and our customers’ financial condition, the amount of receivables in dispute, and the current receivables aging and current payment patterns. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.

Inventories

Inventories include the cost of material, labor, and overhead, and are stated at the lower of cost, determined on the first-in, first-out (FIFO) method, or market. We periodically evaluate our on-hand stock and make appropriate provisions for any stock deemed excess or obsolete. Manufacturing costs resulting from lower than “normal” production levels are expensed as incurred.

Property and Equipment

Property and equipment are stated at cost, net of accumulated depreciation. Depreciation expense, which includes the amortization of capitalized leasehold improvements, is provided for on a straight-line basis over the estimated useful lives of the assets, or the life of the lease, whichever is shorter, and range from three to five years. When assets are sold or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and the resulting gain or loss, if any, is included in operations. Maintenance and repairs are charged to operations as incurred.

Impairment

We assess certain of our long-lived assets, such as property and equipment and intangible assets other than goodwill, for potential impairment when there is a change in circumstances that indicates carrying values of assets may not be recoverable. Such long-lived assets are deemed to be impaired when the undiscounted cash flows expected to be generated by the asset (or asset group) are less than the asset’s carrying amount. Any required impairment loss would be measured as the amount by which the asset’s carrying value exceeds its fair value, and would be recorded as a reduction in the carrying value of the related asset and a charge to operating expense. We recognized no impairment losses during any of the periods presented in these financial statements.

Goodwill and Intangibles

Goodwill is reviewed for impairment annually or more frequently when events or changes in circumstances indicate that fair value of the reporting unit has been reduced to less than its carrying value. We perform our impairment test annually during the fourth quarter. First the Company assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. If, after assessing qualitative factors, the Company determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary. If deemed necessary, a two-step test is used to identify the potential impairment and to measure the amount of goodwill impairment, if any. The first step is to compare the fair value of the reporting unit with its carrying amount, including goodwill. If the fair value of the reporting unit exceeds its carrying amount, goodwill is considered not impaired; otherwise, there is an indication that goodwill may be impaired and the amount of the loss, if any, is measured by performing step two. Under step two, the impairment loss, if any, is measured by comparing the implied fair value of the reporting unit goodwill with the carrying amount of goodwill. We completed this assessment as of November 30, 2014, and concluded that no impairment existed.

Separable intangible assets that have finite useful lives continue to be amortized over their respective useful lives.

As part of the May 2013 acquisition of the Joint Venture (see Note 4), we acquired intangible assets which consisted primarily of contractual license rights that had previously enabled the Joint Venture to conduct development and manufacturing activities pertaining to certain aspects of Cytori’s Celution ® technology. The useful life of the identifiable intangible assets was estimated based on the assumed future economic benefit expected to be received from the assets. The technology was valued at $9,394,000 and is being amortized over a useful life of seven years, based on the quarterly revenue forecasted for those years. We have amortized $166,000 and $49,000 as of December 31, 2014 and 2013, respectively. The estimated aggregate amortization expense will be $896,000 for 2015, $1,267,000 for 2016, $1,774,000 for 2017, $2,306,000 for 2018 and $2,883,000 thereafter.

The changes in the carrying amounts of other indefinite and finite-life intangible assets and goodwill for the years ended December 31, 2014 and 2013 are as follows:

	December 31, 2014
Other intangibles, net:
Beginning balance	$	9,345,000
Increase		255,000
Amortization		(185,000	)
Ending balance		9,415,000

Goodwill, net:
Beginning balance		3,922,000
Increase (decrease)		—
Ending balance		3,922,000

Total goodwill and other intangibles, net	$	13,337,000

	December 31, 2013
Other intangibles, net:
Beginning balance	$	—
Acquisition of JV Intangible		9,394,000
Amortization		(49,000	)
Ending balance		9,345,000

Goodwill, net:
Beginning balance		3,922,000
Increase (decrease)		—
Ending balance		3,922,000

Total goodwill and other intangibles, net	$	13,267,000

Warrant Liability

Warrants with exercise price reset features (down-round protection) are accounted for as liabilities, with changes in the fair value included in net loss for the respective periods. In connection with the Securities Purchase Agreement, in October 2014, the Company issued common stock purchase warrants to certain institutional investors. Each warrant has an exercise price of $0.5771 per share, is exercisable six months after the date of issuance and expires five years from the date on which it is initially exercisable. The initial fair value of the liability associated with these warrants was $10.0 million, and the fair value decreased to $9.8 million as of December 31, 2014. All future changes in the fair value of the warrants will be recognized in our consolidated statements of operations until they are either exercised or expire in 2020. The warrants are not traded in an active securities market, and as such the estimated the fair value at December 31 was determined by using an option pricing model (Monte Carlo) with the following assumptions:

	As of December 31, 2014
Expected term	5.3 years
Common stock market price	$	0.49
Risk-free interest rate		1.65	%
Expected volatility		90.00	%
Resulting fair value (per warrant)	$	0.38

Expected volatility is based on both historical and implied volatility. Historical volatility was computed using daily pricing observations for recent periods that correspond to the expected term of the warrants while implied volatility was computed using publicly traded options of Cytori as well as Cytori’s peer companies. We believe this method produces an estimate that is representative of our expectations of future volatility over the expected term of these warrants. We currently have no reason to believe future volatility over the expected remaining life of these warrants is likely to differ materially from historical volatility. The expected life is based on the remaining contractual term of the warrants. The risk-free interest rate is the U.S. Treasury bond rate as of the valuation date. The fair value of these warrants also incorporates our assumptions about future equity issuances and their impact to the down-round protection feature.

Fluctuations in the fair value of the warrants are impacted by unobservable inputs, most significantly the assumption with regards to future equity issuances and its impact to the down-round protection feature. Significant increases (decreases) in this input in isolation would result in a significantly higher (lower) fair value measurement.

Revenue Recognition

Product Sales

We recognize revenue from product sales when the following fundamental criteria are met: (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred, (iii) the price to the customer is fixed or determinable and (iv) collection of the resulting accounts receivable is reasonably assured. For customers that have not developed a sufficient payment history with us or for whom a letter of credit is not in place at the time of the transaction, we defer revenues until collectability is reasonably assured.

For all sales, we use a binding purchase order or a signed agreement as evidence of an arrangement. If the other revenue recognition criteria are met, revenue for these product sales is recognized upon delivery to the customer, as all risks and rewards of ownership have been substantively transferred to the customer at that point. For sales to customers who arrange for and manage the shipping process, we recognize revenue upon shipment from our facilities. Shipping and handling costs that are billed to our customers are classified as revenue. The customer’s obligation to pay and the payment terms are set at the time of delivery and are not dependent on the subsequent use or resale of our products. For sales where all revenue recognition criteria are not met, revenue is deferred and related inventory remains on our books.

For sales that include multiple deliverables, such as sales of our StemSource® Cell Bank (cell bank), we account for products or services (deliverables) separately rather than as a combined unit. Stem cell banks typically consist of a complex array of equipment, proprietary knowledge, license rights, and services, including one or more StemSource® devices, a cryogenic freezer, measuring and monitoring equipment, and a database patient tracking system. In addition, we typically provide consulting, installation, and training services. Web hosting, technical support and maintenance services are generally provided for a period of up to one year subsequent to the date of sale. FASB authoritative guidance requires an evaluation of these deliverables to determine the appropriate “units of accounting” for purposes of revenue recognition. Each cell bank is customized to provide the best solution for the customer. Depending on customers’ needs, all or combination of the following units of accounting will apply to cell bank transactions:

initial consulting services;

license rights and standard operating procedures;

equipment and supplies;

installation services;

training services;

database hosting services;

technical support services; and

maintenance services.

FASB authoritative guidance establishes a selling price hierarchy for determining the selling price of a deliverable, which is based on: (a) vendor-specific objective evidence (“VSOE”); (b) third-party evidence (“TPE”); or (c) management estimates. This guidance requires arrangement consideration to be allocated at the inception of the arrangement to all deliverables using the relative selling price method. For our cell bank sales, we establish relative selling prices for all deliverables based on vendor-specific quotes for comparable services when available. In the absence of VSOE, we use competitors’ products or services considered largely interchangeable with our own or management’s best estimate. Revenue allocated to each unit of accounting is calculated and recognized based on the relative selling price of each deliverable. Future services such as web hosting and ongoing maintenance are deferred and recognized into income as the services are provided, generally over one year following the installation of the equipment.

Concentration of Significant Customers & Geographical Sales

For the year ended December 31, 2014, our sales were concentrated with respect to three distributors and one direct customer, which comprised 52% of our product revenue recognized. Three distributors accounted for 92% of total outstanding accounts receivable (excluding BARDA) as of December 31, 2014.

For the year ended December 31, 2013, our sales were concentrated with respect to one distributor, which comprised 26% of our product revenue recognized. Two distributors and one direct customer accounted for 55% of total outstanding accounts receivable as of December 31, 2013.

For the year ended December 31, 2012, our sales were concentrated with respect to one direct customer, which comprised 12% of our product revenue recognized. Two direct customers and one distributor accounted for 39% of total outstanding accounts receivable as of December 31, 2012.

Product revenues, classified by geographic location, are as follows:

	Years ended

	2014					2013					2012
	Product Revenues		% of Total			Product Revenues		% of Total			Product Revenues		% of Total

North America	$	894,000		18	%	$	1,079,000		15	%	$	1,143,000		13	%
Japan		3,068,000		62	%		2,109,000		30	%		4,352,000		50	%
Europe		506,000		10	%		1,240,000		17	%		2,004,000		23	%
Other countries		485,000		10	%		2,694,000		38	%		1,210,000		14	%
Total product revenues	$	4,953,000		100	%	$	7,122,000		100	%	$	8,709,000		100	%

Research and Development

We earn revenue for performing tasks under research and development agreements with both commercial enterprises, such as Olympus and Senko, and governmental agencies like the U.S. Department of Health and Human Service’s Biomedical Advanced Research and Development Authority (BARDA). Revenue earned under development agreements with commercial enterprises is classified as development revenues. Revenues derived from reimbursement of direct out-of-pocket expenses for research costs associated with government contracts are recorded as government contract and other within development revenues. Government contract revenue is recorded at the gross amount of the reimbursement. The costs associated with these reimbursements are reflected as a component of research and development expense in our consolidated statements of operations.

In the third quarter of 2012, we were awarded a contract to develop a new countermeasure for thermal burns valued at up to $106 million with BARDA. The initial base period included $4.7 million tranche over two years and covered preclinical research and continued development of Cytori’s Celution® system to improve cell processing. The additional contract options, if fully executed, cover clinical development through FDA approval under a device-based PMA regulatory pathway. In August 2014, BARDA exercised Option 1 of the contract for Cytori to perform research, regulatory, clinical and other tasks required for initiation of a pilot clinical trial of the Celution System in thermal burn injury for a total cost-plus fixed fee of up to $12.1 million. In December 2014, we executed an amendment to the August 2014 contract option to fund continued investigation and development of Cytori Cell Therapy (DCCT-10) for use in thermal burn injuries, which increased the option extension to $14.1 million. Upon IDE approval by the FDA, we anticipate BARDA will increase funding to cover costs associated with execution of the clinical trial, currently estimated at approximately $8.3 million, and bringing the combined value of the first option to up to $22.4 million. This is a cost reimbursement contract, and related government contract revenue was recorded at the gross amount of reimbursement starting in the fourth quarter of 2012.

We received funds from Olympus and Olympus-Cytori, Inc. during 2005 and 2006. We recorded upfront fees totaling $28,311,000 as deferred revenues, related party. In exchange for these proceeds, we agreed to (a) provide Olympus-Cytori, Inc. an exclusive and perpetual license to our Celution® System device technology and certain related intellectual property, and (b) provide future development contributions related to commercializing the Celution® System platform. The license and development services were not separable and as a result the recognition of this deferred amount as revenue required achievement of service related milestones, under a proportional performance methodology. Revenue was recognized as the above mentioned R&D milestones were completed. Of the amounts received and deferred, we recognized the last remaining development revenue of $638,000 during the three months ended March 31, 2013 as a result of the United States Court of Appeals upholding the FDA’s previous determination that our cell processing devices were not substantially equivalent to the cited predicate devices. The recognition of revenue associated with this event reflects the completion of our efforts expended to use commercially reasonable efforts to obtain device regulatory approvals in the United States as it pertains to the 510(k) pathway. During the year ended December 31, 2012, we recognized $2,882,000 of revenue associated with our arrangement with Olympus as a result of two milestones for the APOLLO and PRECISE clinical trials. As of December 31, 2014 and 2013, there are no deferred amounts under this contract.

Refer to Note 8 for discussion about our arrangement with Senko.

Research and Development

Research and development expenditures, which are charged to operations in the period incurred, include costs associated with the design, development, testing and enhancement of our products, regulatory fees, the purchase of laboratory supplies, and pre-clinical and clinical studies as well as salaries and benefits for our research and development employees.

Also included in research and development expenditures are costs incurred to support the government reimbursement contract.

$2,461,000, $3,053,000, and $331,000 qualified expenses were incurred for the years ended December 31, 2014, 2013 and 2012, related to our government contract with BARDA.

Deferred Financing Costs and Other Debt-Related Costs

Deferred financing costs are capitalized and amortized to interest expense over the term of the associated debt instrument using the effective interest method. If the maturity of the debt is accelerated because of default or early debt repayment, then the amortization would be accelerated.

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income (loss) in the years in which those temporary differences are expected to be recovered or settled. Due to our history of losses, a full valuation allowance has been recognized against our deferred tax assets.

Stock Based Compensation

We recognize the fair value of all share-based payment awards in our statements of operations over the requisite vesting period of each award. We estimate the fair value of these options using the Black-Scholes option pricing model using assumptions for expected volatility, expected term, and risk-free interest rate. Expected volatility is based primarily on historical volatility and is computed using daily pricing observations for recent periods that correspond to the expected term of the options. The expected life is based on the expected term of the options. The risk-free interest rate is the interest rate for treasury instruments with maturities that approximate the expected term.

Segment Information

For the years ended December 31, 2014, 2013 and 2012, all of our financial results relate to cell therapy, therefore we report our results as a single segment.

Loss Per Share

Basic per share data is computed by dividing net income or loss allocable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted per share data is computed by dividing net income or loss allocable to common stockholders by the weighted average number of common shares outstanding during the period increased to include, if dilutive, the number of additional common shares that would have been outstanding as calculated using the treasury stock method. Potential common shares were related entirely to outstanding but unexercised options, warrants, employee stock purchase plans, and restricted stock awards for all periods presented.

We have excluded all potentially dilutive securities, including unvested performance-based restricted stock, from the calculation of diluted loss per share allocable to common stockholders for the years ended December 31, 2014, 2013 and 2012, as their inclusion would be antidilutive. Potentially dilutive common shares excluded from the calculations of diluted loss per share were 43.7 million, 17.2 million and 17.4 million for the years ended December 31, 2014, 2013 and 2012, respectively.

Recent Accounting Pronouncements

The following new accounting standards have been issued, but not adopted by the Company as of December 31, 2014:

In May 2014, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) jointly issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers. ASU 2014-09 requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The effective date of ASU 2014-09 is for annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact of adopting ASU 2014-09.

In August 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40). ASU 2014-15 requires management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The effective date of ASU 2014-15 is for annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact of adopting ASU 2014-15.

Agreement with Lorem Vascular

12 Months Ended

Dec. 31, 2014

Agreement with Lorem Vascular [Abstract]

Agreement with Lorem Vascular

3.	Agreement with Lorem Vascular

On October 29, 2013, we entered into an agreement with Lorem Vascular to commercialize Cytori Cell Therapy (OICH-D3) for the cardiovascular, renal and diabetes markets, in China, Hong Kong, Malaysia, Singapore and Australia (License/Supply Agreement), and a Common Stock Purchase Agreement. On January 30, 2014 we entered into the Amended and Restated License/Supply Agreement with Lorem Vascular (the “Restated Agreement”) which restated the License/Supply Agreement in its entirety and expanded the licensed field to all uses excepting alopecia (hair loss). Under the Restated Agreement, Lorem Vascular committed to pay up to $500 million in license fees in the form of revenue milestones. In addition, Lorem Vascular is required to pay us 30% of their gross profits in China, Hong Kong and Malaysia for the term of the agreement. In addition, Lorem Vascular has agreed to purchase the Cytori Celution® System and consumables under the Restated Agreement. Pursuant to the related Common Stock Purchase Agreement, Cytori sold Lorem Vascular 8.0 million shares of Cytori common stock at $3.00 per share for a total of $24.0 million. The equity purchased was closed in two equal installments, in November 2013 and January 2014.

Lorem Vascular initially purchased approximately $1.8 million in Celution® devices and consumables in December 2013. In addition to this purchase, upon achieving regulatory clearance from the Chinese Food and Drug Administration (“CFDA”), Lorem Vascular has also agreed to purchase an opening order of 23 Celution Systems and 1,100 Celution Consumable Sets (which Lorem Vascular anticipates to be fulfilled within 2015), plus an additional 150 devices and 7,500 consumables during the three-year period following CFDA approval.

Transactions with Olympus Corporation

12 Months Ended

Dec. 31, 2014

Transactions with Olympus Corporation [Abstract]

Transactions with Olympus Corporation

4. Transactions with Olympus Corporation

Acquisition of Olympus’ Interest in the Joint Venture

In 2005, we entered into a joint venture and other related agreements (the “Joint Venture Agreements”) with Olympus. The Joint Venture was owned equally by Olympus and us. We had previously accounted for our interests in the Joint Venture using the equity method of accounting, since we could not exert significant influence over the Joint Venture’s operations.

On May 8, 2013, Cytori and Olympus agreed to terminate the Joint Venture pursuant to a Termination Agreement, and Cytori acquired the remaining 50% equity interest in the Joint Venture from Olympus. The termination of the relationship and purchase of Olympus’ equity shares of the Joint Venture allowed Cytori to regain full control of the manufacturing rights for the Celution ® system. The purpose of the acquisition is to gain more flexibility on the manufacturing process and associated costs, enable higher margins, and speed the transition to the critical next-generation systems. In connection with the Termination Agreement, the assets acquired, liabilities assumed, and the Company’s previously held equity interest were recorded at fair value. For valuation purposes, Cytori determined the acquisition date (the date on which Cytori effectively gained full control of the equity interest previously held by Olympus) to be May 27, 2013. The remeasurement of the previously held equity interest at the acquisition date resulted in a net gain of $4,892,000 that was recorded in the accompanying Consolidated Statements of Operations.

As consideration for the Termination Agreement, Cytori can choose from alternative payment options as defined in the Termination Agreement. The payment options call for a minimum of $4,500,000 up to a maximum of $16,000,000 to be paid by Cytori to Olympus in installments over periods ranging from one year to six years depending on the option selected by the Company. Installment payments will be calculated quarterly based on 5% of Cytori’s gross sales receipts for all products sold. If Cytori receives an aggregate $35,000,000 in cash through strategic or financing arrangements during the first year of the Termination Agreement, Cytori would be required to pay $4,500,000 (minus installment payments previously made) upon request of Olympus as full and complete consideration under the Agreement.

The fair value of the Joint Venture, including the identified intangible assets acquired, consideration transferred, and Cytori’s previously held equity interest, was estimated from a market participant perspective, using valuation techniques based on the income approach for measuring fair value. Specifically, an excess earnings methodology was employed using primarily Level 3 fair value inputs. The intangible assets acquired consisted primarily of contractual license rights that had previously enabled the Joint Venture to conduct development and manufacturing activities pertaining to certain aspects of Cytori’s Celution ® technology. The useful life of the identifiable intangible assets was estimated based on the assumed future economic benefit expected to be received from the assets. Inputs used in the valuation included various market participant assumptions in order to project potential future cash flows, discounted at a rate commensurate with the risk involved.

	Useful Life (in years)		Estimated Fair Value
Intangible assets:
Developed technology		7	$	9,394,000

The following table summarizes the fair value of the assets acquired and liabilities assumed at the date of acquisition (in thousands):

	Estimated Fair Value
Current assets	$	236
Property and equipment		260
Intangible assets		9,394
Total assets acquired		9,890
Accrued and other current liabilities		(33	)
Total fair value of the Joint Venture	$	9,857

Acquisition-related transaction costs are not included as components of consideration transferred but have been accounted for as expenses in the period in which the costs are incurred.

Revenues and earnings from the Joint Venture were limited to royalties from sales of certain Cytori products, therefore, subsequent to the date of acquisition there was no revenue or earnings from the Joint Venture included in our consolidated results. Had the acquisition occurred on January 1, 2013, consolidated revenue would not have been affected, but our consolidated net loss would have been reduced by $48,000, the amount of our year-to-date equity loss from investment in Joint Venture.

The Company calculated the fair value of the purchase consideration on the acquisition date to be $4,928,000. This was determined using a weighted probability assessment of the payment options available to Cytori. Present value risk-adjusted discount rates applied to the purchase consideration ranged from 9.75% to 12.75%. The fair value calculation of the purchase consideration resulted in a discount of $1,072,000, which was being amortized to interest expense over a weighted average expected term of 1.8 years. On a quarterly basis, the Company reassesses the probabilities of the various payment options and expected term. Changes in the expected term and the remaining discount amount as a result of the reassessment will be recognized prospectively as an adjustment to interest expense. Upon final settlement of the purchase obligation, any difference between the amount paid and the carrying amount of the purchase obligation will be recorded as a gain or loss on extinguishment of the liability.

As of May 8, 2014, the Company’s obligation to Olympus had not been settled, and accordingly, the obligation increased by $1.5 million under an alternative payment option. This option calls for $6.0 million in total payments to be made by May 8, 2015. Since we have made payments totaling $2.7 million through December 31, 2014 our remaining payment obligation under this option is now approximately $3.3 million.

As a result of our quarterly reassessment, we have recorded additional interest expense of $579,000 for the year ended December 31, 2014, and have a remaining unrecognized future discount amount of approximately $289,000 as of December 31, 2014.

Put/Calls and Guarantees

Prior to the termination of the Joint Venture the Shareholders’ Agreement between Cytori and Olympus provided that in certain specified circumstances of our insolvency or if we experienced a change in control, Olympus would have the rights to (i) repurchase our interests in the Joint Venture at the fair value of such interests or (ii) sell its own interests in the Joint Venture to Cytori (the “Put”) at the higher of (a) $22,000,000 or (b) the Put’s fair value.

For the year ended December 31, 2013, the Put, as a previously existing contractual relationship between Olympus and Cytori, was cancelled as a result of the Joint Venture termination in May 2013 and therefore its related fair value decreased to zero as a result of the termination. At December 31, 2012, the fair value of the Put was $2,250,000. Fluctuations in the Put value were recorded in the Consolidated Statements of Operations as change in fair value of option liabilities.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Sale and Exclusive License/Supply Agreement with Bimini Technologies LLC

12 Months Ended

Dec. 31, 2014

Sale and Exclusive License/Supply Agreement with Bimini Technologies LLC [Abstract]

Sale and Exclusive License/Supply Agreement with Bimini Technologies LLC

5.	Sale and Exclusive License/Supply Agreement with Bimini Technologies LLC

On July 30, 2013, we entered into a Sale and Exclusive License/Supply Agreement with Bimini Technologies LLC (“Bimini”), pursuant to which we sold to Bimini substantially all of the assets (other than certain retained rights and licenses) of our Puregraft® product line, a series of standalone fat transplantation products that were developed to improve the predictability of outcomes for autologous fat grafting and aesthetic body contouring. The aggregate value of the consideration paid by Bimini at the execution of the agreement was $5.0 million.

In connection with the sale, Bimini granted to the Company an exclusive, perpetual, royalty bearing license to market and sell the Puregraft products for use in combination with adipose derived regenerative cells, and non-exclusive rights for use in connection with the Company’s licensed cell and tissue banks (in addition to certain Company retained ownership rights in the technology). The Company supplied Puregraft products to Bimini on an interim basis until the Company transferred the manufacturing of the Puregraft products to Bimini in December 2014. After the transfer, Bimini will supply the Puregraft products to the Company.

Pursuant to the agreement, the Company has also granted to Bimini the global, exclusive, perpetual, irrevocable royalty bearing license to purchase from Cytori, use and sell the Celution® System products for alopecia (hair loss). Cytori will supply Celution devices and consumable sets to Bimini, and Bimini will be responsible for all costs associated with commercial development in the alopecia market.

The agreement included certain obligations to be performed by the Company on behalf of Bimini, which included transferring the manufacturing of Puregraft products to an agreed upon third party (transfer was completed by December 31, 2014). The Company recorded a gain on the Puregraft divestiture of $4.5 million in the accompanying Consolidated Statements of Operations in 2013. Bimini is obligated to make certain additional milestone payments to the Company (in an aggregate amount of up to $10.0 million), contingent upon the achievement of certain milestones relating to Bimini’s gross profits from sales of the Puregraft products.

Fair Value Measurements

12 Months Ended

Dec. 31, 2014

Fair Value Measurements [Abstract]

Fair Value Measurements

6.	Fair Value Measurements

Fair value measurements are market-based measurements, not entity-specific measurements. Therefore, fair value measurements are determined based on the assumptions that market participants would use in pricing the asset or liability. We follow a three-level hierarchy to prioritize the inputs used in the valuation techniques to derive fair values. The basis for fair value measurements for each level within the hierarchy is described below:

Level 1: Quoted prices in active markets for identical assets or liabilities.

Level 2: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets.

Level 3: Valuations derived from valuation techniques in which one or more significant inputs are unobservable in active markets.

The following table provides a summary of the recognized assets and liabilities that we measure at fair value on a recurring basis:

	Balance as of		Basis of Fair Value Measurements
	December 31, 2014		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	8,144,000	$	8,144,000	$	—	$	—

Liabilities:
Warrant liability	$	9,793,000	$	—	$	—	$	9,793,000

	Balance as of		Basis of Fair Value Measurements
	December 31, 2013		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	4,644,000	$	4,644,000	$	—	$	—

We use quoted market prices to determine the fair value of our cash equivalents, which consist of money market funds and therefore these are classified in Level 1 of the fair value hierarchy.

Warrants with exercise price reset features (down-round protection) are accounted for as liabilities, with changes in the fair value included in net loss for the respective periods. Because some of the inputs to our valuation model are either not observable or are not derived principally from or corroborated by observable market data by correlation or other means, the warrant liability is classified as Level 3 in the fair value hierarchy.

The following table summarizes the change in our Level 3 warrant liability value:

Warrant liability	December 31, 2014			December 31, 2013

Beginning balance	$	—		$	418,000
Additions to warrant liability		10,162,000			—
Change in fair value		(369,000	)		(418,000	)
Ending balance	$	9,793,000		$	—

We valued our Put liability using an option pricing theory based simulation analysis (i.e., a Monte Carlo simulation). The Put was cancelled as a result of the Joint Venture Termination Agreement executed in 2013. The following table summarizes the change in our Level 3 Put option liability value:

Put option liability	Year ended December 31, 2013

Beginning balance	$	(2,250,000	)
Decrease (increase) in fair value recognized in operating expenses		2,250,000
Ending balance	$	—

Fair Value

12 Months Ended

Dec. 31, 2014

Fair Value [Abstract]

Fair Value

7.	Fair Value

Financial Instruments

We disclose fair value information about all financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate fair value. The disclosures of estimated fair value of financial instruments at December 31, 2014 and 2013 were determined using available market information and appropriate valuation methods. Considerable judgment is necessary to interpret market data and develop estimated fair value. The use of different market assumptions or estimation methods may have a material effect on the estimated fair value amounts.

The carrying amounts for cash and cash equivalents, accounts receivable, inventories, other current assets, accounts payable, accrued expenses and other liabilities approximate fair value due to the short-term nature of these instruments.

We utilize quoted market prices to estimate the fair value of our fixed rate debt, when available. If quoted market prices are not available, we calculate the fair value of our fixed rate debt based on a currently available market rate assuming the loans are outstanding through maturity and considering the collateral. In determining the current market rate for fixed rate debt, a market spread is added to the quoted yields on federal government treasury securities with similar terms to the debt.

At December 31, 2014 and 2013, the aggregate fair value and the carrying value of the Company’s fixed rate long-term debt were as follows:

	December 31, 2014				December 31, 2013

	Fair Value		Carrying Value		Fair Value		Carrying Value

Fixed rate long-term debt	$	25,206,000	$	25,373,000	$	26,207,000	$	26,241,000

The fair value of debt is classified as Level 3 in the fair value hierarchy as some of the inputs to our valuation model are either not observable quoted prices or are not derived principally from or corroborated by observable market data by correlation or other means.

Carrying value is net of debt discount of $1,459,000 and $2,379,000 as of December 31, 2014 and 2013, respectively.

Nonfinancial Assets and Liabilities

We apply fair value techniques on a non-recurring basis associated with: (1) valuing potential impairment losses related to goodwill which are accounted for pursuant to the authoritative guidance for intangibles—goodwill and other; and (2) valuing potential impairment losses related to long-lived assets which are accounted for pursuant to the authoritative guidance for property, plant and equipment.

As part of the May 2013 acquisition of the Joint Venture, we acquired intangible assets which consisted primarily of contractual license rights that had previously enabled the Joint Venture to conduct development and manufacturing activities pertaining to certain aspects of Cytori’s Celution ® technology. The useful life of the identifiable intangible assets was estimated based on the assumed future economic benefit expected to be received from the assets. The technology was valued at $9,394,000 and is being amortized over a useful life of seven years, based on the quarterly revenue forecasted for those years.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Thin Film Japan Distribution Agreement

12 Months Ended

Dec. 31, 2014

Thin Film Japan Distribution Agreement [Abstract]

Thin Film Japan Distribution Agreement

8.	Thin Film Japan Distribution Agreement

In 2004, the Company entered into a Distribution Agreement with Senko. Under this agreement, we granted to Senko an exclusive license to sell and distribute certain Thin Film products in Japan and are responsible for the completion of the initial regulatory application to the Ministry of Health, Labor and Welfare (MHLW) and commercialization of the Thin Film product line in Japan.

In February 2013, we entered into a mutual termination and release agreement with Senko, whereby the Distribution Agreement and all Senko rights, licenses and privileges granted under the Distribution Agreement terminated and reverted to the Company. As a result of this Termination Agreement, we were obligated to pay Senko $1,200,000 in six quarterly installment payments of $200,000 each through May 2014. At the time of the Termination Agreement, we had a balance of $2,379,000 in deferred revenues on our balance sheet relating to the payments received from Senko in the past pursuant to the Distribution Agreement. At the time of the Termination Agreement we accrued $1,200,000 of the termination fee, and recognized the remaining $1,179,000 in development revenues which reflects the Company’s efforts towards commercialization under the agreement. As of December 31, 2014, we have no remaining termination fee obligation.

Composition of Certain Financial Statement Captions

12 Months Ended

Dec. 31, 2014

Composition of Certain Financial Statement Captions [Abstract]

Composition of Certain Financial Statement Captions

9.	Composition of Certain Financial Statement Captions

Inventories, net

As of December 31, 2014 and 2013, inventories, net, were comprised of the following:

	December 31,
	2014		2013

Raw materials	$	1,715,000	$	1,315,000
Work in process		1,301,000		232,000
Finished goods		1,813,000		2,147,000
	$	4,829,000	$	3,694,000

Other Current Assets

As of December 31, 2014 and 2013, other current assets were comprised of the following:

	December 31,
	2014		2013

Prepaid insurance	$	200,000	$	264,000
Prepaid other		675,000		850,000
Other receivables		117,000		111,000
	$	992,000	$	1,225,000

Property and Equipment, net

As of December 31, 2014 and 2013, property and equipment, net, were comprised of the following:

	December 31,
	2014			2013

Manufacturing and development equipment	$	5,674,000		$	5,059,000
Office and computer equipment		2,006,000			2,274,000
Leasehold improvements		3,271,000			3,271,000
		10,951,000			10,604,000
Less accumulated depreciation and amortization		(9,368,000	)		(9,550,000	)
	$	1,583,000		$	1,054,000

Depreciation expense totaled $594,000, $1,581,000 and $741,000 for the years ended December 31, 2014, 2013, and 2012, respectively.

Other Assets

As of December 31, 2014 and 2013, other assets were comprised of the following:

	December 31,
	2014		2013

Deposits	$	540,000	$	479,000
Prepaid supplies, long-term		1,223,000		2,333,000
	$	1,763,000	$	2,812,000

Accounts Payable and Accrued Expenses

As of December 31, 2014 and 2013, accounts payable and accrued expenses were comprised of the following:

	December 31,
	2014		2013

Accrued legal fees	$	544,000	$	564,000
Accrued R&D studies		273,000		376,000
Accounts payable		949,000		965,000
Accrued vacation		577,000		918,000
Accrued bonus		758,000		759,000
Accrued expenses		2,006,000		2,167,000
Deferred rent		191,000		138,000
Accrued accounting fees		130,000		140,000
Accrued payroll		118,000		50,000
	$	5,546,000	$	6,077,000

Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies [Abstract]

Commitments and Contingencies

10.	Commitments and Contingencies

We have contractual obligations to make payments on leases of office and manufacturing space as follows:

Years Ending December 31,	Operating Leases

2015	$	2,183,000
2016		2,241,000
2017		1,790,000
2018		55,000
2019		27,000
Total	$	6,296,000

Rent expense, which includes common area maintenance, for the years ended December 31, 2014, 2013 and 2012 was $3,332,000, $3,458,000 and $2,980,000, respectively.

We have entered into agreements with various research organizations for clinical development studies, which have provisions for cancellation. Under the terms of these agreements, the vendors provide a variety of services including conducting research, enrolling patients, recruiting patients, monitoring studies and data analysis. Payments under these agreements typically include fees for services and reimbursement of expenses. The timing of payments due under these agreements was estimated based on current schedules of clinical studies in progress. As of December 31, 2014, we have clinical research study obligations of $1,216,000 all of which are expected to be complete within a year. Should the timing of the clinical trials change, the timing of the payment of these obligations would also change.

We are subject to various claims and contingencies related to legal proceedings. Due to their nature, such legal proceedings involve inherent uncertainties including, but not limited to, court rulings, negotiations between affected parties and governmental actions. Management assesses the probability of loss for such contingencies and accrues a liability and/or discloses the relevant circumstances, as appropriate. Management believes that any liability to us that may arise as a result of currently pending legal proceedings will not have a material adverse effect on our financial condition, liquidity, or results of operations as a whole.

Refer to Note 11 for a discussion of our commitments and contingencies related to our long-term obligations.

Long-term Obligations

12 Months Ended

Dec. 31, 2014

Long-term Obligations [Abstract]

Long-term Obligations

11.	Long-term Obligations

On June 28, 2013 we entered into a Loan and Security Agreement (Loan Agreement) with Oxford Finance LLC and Silicon Valley Bank (together, the Lenders), pursuant to which the Lenders funded an aggregate principal amount of $27.0 million (Term Loan), subject to the terms and conditions set forth in the loan agreement. The Term Loan accrues interest at a fixed rate of 9.75% per annum. Pursuant to the Loan Agreement, we are required to make interest only payments through July 1, 2014 and thereafter we are required to make payments of principal and accrued interest in equal monthly installments sufficient to amortize the Term Loan through July 1, 2017, the maturity date. At maturity of the Term Loan, or the earlier repayment in full following a voluntary prepayment or upon acceleration, the Company is required to make a final payment fee in an aggregate amount equal to $1,795,000. In connection with the Term Loan, on June 28, 2013, we issued to the Lenders warrants to purchase up to an aggregate of 596,553 shares of our common stock at an exercise price of $2.26 per share. These warrants are immediately exercisable and will expire on June 28, 2020.

In connection with the funding of the Loan Agreement, we prepaid all outstanding amounts under the prior loan agreement, at which time the Company’s obligations under the prior loan agreement immediately terminated. The Company paid to the prior agent and the prior lenders approximately $18,866,000, consisting of the then outstanding principal balance due of approximately $17,325,000, accrued but unpaid interest of approximately $119,000, a final payment fee (net of fees waived or refunded by the Lenders under the new loan agreement) of approximately $1,078,000, a prepayment fee (net of fees waived or refunded by the Lenders under the new loan agreement) of approximately $312,000 and other customary lender fees and expenses.

The net proceeds of the Term Loan, after payment of lender fees and expenses and prepaying all the outstanding amounts relating to the prior loan agreement, were approximately $7.8 million.

For the continuing Lenders, we accounted for this amendment as a debt modification. Accordingly, related fees of $1,942,000 were recorded as debt discount from the prior loan, and along with the unamortized debt discount will be amortized as an adjustment of interest expense using the effective interest method. For one existing lender that did not participate in the Term Loan, the payoff of their loan was accounted for as debt extinguishment. Accordingly, a loss on debt extinguishment of $708,000 was recorded, which includes that lender’s portion of unamortized fees and discounts along with prepayment and final payment fees.

We allocated the aggregate proceeds of the Term Loan between the warrants and the debt obligations based on their relative fair values. The fair value of the warrants issued to the Lenders was calculated utilizing the Black-Scholes option pricing model. We are amortizing the resulting additional discount of $949,000 to interest expense over the term of the loan using the effective interest method. The overall effective interest rate for the Term Loan is 13.86%. The Term Loan is collateralized by the tangible assets of the company, including a security interest in substantially all of its existing and after-acquired assets.

On September 19, 2014, we entered into a Letter Agreement with the Lenders pursuant to which the Lenders waived financial covenant compliance pursuant to the Loan Agreement through October 31, 2014. The Loan Agreement requires the Company to maintain certain minimum cash balances at all times during the term of the Loan Agreement. In exchange for the above waiver, the Company agreed to re-price all 596,553 outstanding warrants issued by the Company to Oxford Finance LLC and Silicon Valley Bank pursuant to the Loan Agreement, with an exercise price per share equal to the lower of (i) the closing price per share of the Company’s common stock on September 30, 2014, or (ii) the average closing price per share of the Company’s common stock for October 1, 2 and 3, 2014.

On September 29, 2014 we entered into a 2^nd Amendment to the Loan Agreement with the Lenders Pursuant to the amended Loan Agreement, and we were provided a conditional waiver of principal payments subject to meeting certain capital raise requirements, which we achieved in October. The waiver of principal payments continues through April 1, 2015 and we are then required to make payments of principal and accrued interest in equal monthly installments sufficient to amortize the Term Loan through the maturity date.

Additional details relating to the outstanding Term Loan as of December 31, 2014, are presented in the following table:

Origination Date		Original Loan Amount				Interest Rate				Current Monthly Payment*			Original Term		Remaining Principal (Face Value)
June 2013		$	27,000,000				9.75	%		$	203,434		48 Months		$	25,038,125

* Current monthly payment is inclusive of interest only

As of December 31, 2014, the future contractual principal and final fee payments on all of our debt and lease obligations are as follows:

Years Ending December 31,

2015	$	7,462,000
2016		10,805,000
2017		8,596,000
Total	$	26,863,000

Reconciliation of Face Value to Book Value as of December 31, 2014

Total debt and lease obligations, including final payment fee (Face Value)	$	26,863,000
Less: Debt discount		(1,459,000	)
Total:		25,404,000
Less: Current portion		(7,363,000	)
Long-term obligation	$	18,041,000

Our interest expense for the years ended December 31, 2014, 2013 and 2012 was $4,371,000, $3,396,000 and $3,386,000, respectively. Interest expense is calculated using the effective interest method, therefore it is inclusive of non-cash amortization in the amount of $1,220,000, $893,000 and $930,000, respectively, related to the amortization of the debt discount and capitalized loan fees.

Income Taxes

12 Months Ended

Dec. 31, 2014

Income Taxes [Abstract]

Income Taxes

12.	Income Taxes

Due to our net losses for the years ended December 31, 2014, 2013 and 2012, and since we have recorded a full valuation allowance against deferred tax assets, there was no provision or benefit for income taxes recorded. There were no components of current or deferred federal or state income tax provisions for the years ended December 31, 2014, 2013 and 2012.

A reconciliation of the total income tax provision tax rate to the statutory federal income tax rate of 34% for the years ended December 31, 2014, 2013 and 2012 is as follows:

	2014			2013			2012
Income tax expense (benefit) at federal statutory rate		(34.00)	%		(34.00)	%		(34.00)	%
Income tax expense (benefit) at state statutory rate		(3.52)	%		(3.54)	%		(2.79)	%
Gain on previously held equity interest in joint venture		0.00	%		(7.02)	%		0.00	%
Mark to market permanent adjustment		(0.37)	%		(2.15)	%		(0.24)	%
Change in valuation allowance		27.12	%		80.13	%		35.86	%
Change in state rate		0.02	%		(1.01)	%		(8.36)	%
Permanent interest adjustments		4.17	%		0.00	%		0.00	%
Debt refinance permanent adjustment		3.92	%		0.00	%		0.00	%
Acquired NOL’s/Intangibles from joint venture		0.00	%		(33.40)	%		0.00	%
Foreign rate differential		0.00	%		2.48	%		(0.04)	%
Other, net		2.66	%		(1.49)	%		9.57	%
		0.00	%		0.00	%		0.00	%

The tax effects of temporary differences that give rise to significant portions of our deferred tax assets and deferred tax liabilities as of December 31, 2014 and 2013 are as follows:

	2014				2013
Deferred tax assets:
Allowances and reserves		$	825,000			$	639,000
Accrued expenses			502,000				718,000
Deferred revenue and gain-on-sale			32,000				79,000
Stock based compensation			7,786,000				6,962,000
Net operating loss carryforwards			117,258,000				107,846,000
Income tax credit carryforwards			6,993,000				6,710,000
Property and equipment, principally due to differences in depreciation			926,000				804,000
Other,net			77,000				296,000
			134,399,000				124,054,000
Valuation allowance			(132,583,000	)			(122,450,000	)

Total deferred tax assets, net of allowance			1,816,000				1,604,000

Deferred tax liabilities:
Intangibles			(1,816,000	)			(1,604,000	)

Total deferred tax liability			(1,816,000	)			(1,604,000	)

Net deferred tax assets (liability)		$	—			$	—

We have established a valuation allowance against our net deferred tax assets due to the uncertainty surrounding the realization of such assets. We periodically evaluate the recoverability of the deferred tax assets. At such time as it is determined that it is more likely than not that deferred assets are realizable, the valuation allowance will be reduced. We have recorded a full valuation allowance of $132,583,000 as of December 31, 2014 as we do not believe it is more likely than not our net deferred tax assets will be realized. We increased our valuation allowance by approximately $10,133,000 during the year ended December 31, 2014. The valuation allowance includes approximately $579,000 related to stock option deductions, the benefit of which, if realized, will eventually be credited to equity and not to income.

At December 31, 2014, we had federal, and California tax loss carry forwards of approximately $314,349,000, and $187,182,000, respectively, prior to reduction for windfall tax benefits. The federal and state net operating loss carry forwards begin to expire in 2019 and 2015 respectively, if unused. At December 31, 2014, we had federal and state tax credit carry forwards of approximately $4,279,000 and $4,113,000, respectively, after reduction for uncertain tax positions. The Company has not performed a formal reseach and development credit study with respect to these credits. The federal credits will begin to expire in 2018, if unused, and the state credits carry forward indefinitely.

Pursuant to the Internal Revenue Code (“IRC”) of 1986, as amended, specifically IRC §382 and IRC §383, our ability to use net operating loss and R&D tax credit carry forwards (“tax attribute carry forwards”) to offset future taxable income is limited if we experience a cumulative change in ownership of more than 50% within a three-year testing period. We have not completed an ownership change analysis pursuant to IRC Section 382 for taxable years ended after December 31, 2007. If ownership changes within the meaning of IRC Section 382 are identified as having occurred subsequent to 2007, the amount of remaining tax attribute carry forwards available to offset future taxable income and income tax expense in future years may be significantly restricted or eliminated. Further, our deferred tax assets associated with such tax attributes could be significantly reduced upon realization of an ownership change within the meaning of IRC §382.

We recognize tax benefits associated with the exercise of stock options directly to stockholders’ equity only when realized. Accordingly, deferred tax assets are not recognized for net operating loss carry forwards resulting from windfall tax benefits. At December 31, 2014, deferred tax assets do not include $1,262,000 of excess tax benefits from stock-based compensation.

We changed our accounting method of accounting for uncertain tax positions on January 1, 2007. We had no unrecognized tax benefits as of the date of adoption.

Following is a tabular reconciliation of the unrecognized tax benefits activity during the years ended December 31, 2014, 2013 and 2012:

	2014		2013		2012
Unrecognized Tax Benefits – Beginning	$	1,723,000	$	1,394,000	$	1,304,000
Gross increases – tax positions in prior period		—		69,000		—
Gross decreases – tax positions in prior period		—		—		—
Gross increase – current-period tax positions		129,000		260,000		90,000
Settlements		—		—		—
Lapse of statute of limitations		—		—		—
Unrecognized Tax Benefits – Ending	$	1,852,000	$	1,723,000	$	1,394,000

The unrecognized tax benefit amounts are reflected in the determination of the Company’s deferred tax assets. If recognized, none of these amounts would affect the Company’s effective tax rate, since it would be offset by an equal reduction in the deferred tax asset valuation allowance. The Company does not foresee material changes to its liability for uncertain tax benefits within the next twelve months.

The Company did not recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses as of December 31, 2014.

The Company’s material tax jurisdictions are United States and California. To our knowledge, the Company is currently not under examination by the Internal Revenue Service or any other taxing authority.

The Company’s tax years for 1999 and forward can be subject to examination by the United States and California tax authorities due to the carry forward of net operating losses and research development credits.

Employee Benefit Plan

12 Months Ended

Dec. 31, 2014

Employee Benefit Plan [Abstract]

Employee Benefit Plan

13.	Employee Benefit Plan

We implemented a 401(k) retirement savings and profit sharing plan (the “Plan”) effective January 1, 1999. We may make discretionary annual contributions to the Plan, which is allocated to the profit sharing accounts based on the number of years of employee service and compensation. At the sole discretion of the Board of Directors, we may also match the participants’ contributions to the Plan. We made no discretionary or matching contributions to the Plan in 2014, 2013 and 2012.

Stockholders' Equity

12 Months Ended

Dec. 31, 2014

Stockholders' Equity (Deficit) [Abstract]

Stockholders' Equity (Deficit)

14.	Stockholders’ Equity

Preferred Stock

We have authorized 5,000,000 shares of $0.001 par value preferred stock. Our Board of Directors is authorized to designate the terms and conditions of any preferred stock we issue without further action by the common stockholders. There were 13,500 and -0- shares of Series A 3.6% Convertible Preferred Stock issued and 5,311 and -0- shares outstanding as of December 31, 2014 and 2013, respectively.

In October 2014, we entered into a Securities Purchase Agreement with certain institutional investors pursuant to which the Company sold a total of 13,500 units for a purchase price of $1,000 per unit, with each unit consisting of one share of the Company’s Series A 3.6% Convertible Preferred Stock, which are convertible into shares of the Company’s common stock with a conversion price of $0.52, and warrants to purchase up to a number of shares of common stock equal to 100% of the conversion shares under the shares of preferred stock, in a registered direct offering. Each warrant has an exercise price of $0.5771 per share, is exercisable six months after the date of issuance and expires five years from the date on which it is initially exercisable. The preferred stock and the warrants were immediately separable and were issued separately. As of December 31, 2014, 8,189 units had been converted into 15,747,000 shares of common stock.

We recorded a dividend of $1.2 million for the year ended December 31, 2014, related to a beneficial conversion feature included in the issuance of our Series A 3.6% Convertible Preferred Stock. The fair value of the common stock into which the Series A 3.6% preferred stock was convertible on the date of issuance exceeded the proceeds allocated to the preferred stock, resulting in the beneficial conversion feature that we recognized as a dividend to the preferred shareholders and, accordingly, an adjustment to net loss to arrive at net loss allocable to common shareholders. Certain shares of Series A 3.6% Convertible Preferred Stock were not convertible until shareholder approval, which occurred in January 2015. As a result, an additional dividend for the beneficial conversion feature of $0.6 million will be recorded during the quarter ended March 31, 2015.

Common Stock

In December 2012, we entered into an underwriting agreement with Lazard Capital Markets, LLC (underwriter), relating to the issuance and sale of 7,020,000 shares of our common stock. The price to the public in this offering was $2.85 per share and the underwriter purchased the shares from us at a price of $2.69 per share. The transaction was completed on December 19, 2012 raising approximately $20,007,000 in gross proceeds before deducting underwriting discounts and commissions and other offering expenses payable by us. Under the terms of the underwriting agreement, we granted the underwriter an option, exercisable for 30 days, to purchase up to an additional 1,053,000 shares.

In January 2013, the underwriter exercised this option and as a result we sold an additional 1,053,000 shares raising approximately $3,000,000 in gross proceeds before deducting underwriting discounts and commissions and other offering expenses payable by us.

In October 2013, we entered into a Common Stock Purchase Agreement with Lorem Vascular for the purchase of 8,000,000 shares at $3.00 per share. The transaction occurred in two separate closings of 4,000,000 shares each. The first closing occurred in November 2013, and the second closing occurred in January 2014. As of December 31, 2013, we received $15,000,000 of the gross proceeds, $12,000,000 for the first closing and $3,000,000 towards the second closing. The balance of $9,000,000 in gross proceeds required to complete the second closing was received in January 2014. In connection with the Common Stock Purchase Agreement, the right to a one time appointment of one member of our Board of directors was granted to Mr. K.T. Lim, Chairman of Lorem Vascular. Mr. Lim exercised his right to appoint a member to serve on our Board of Directors in June 2014, and Mr. Lim’s appointee, Mr. Ruud Jona, subsequently resigned his appointment to the Board of Directors in July 2014.

In May 2014, we and 47 holders of warrants to purchase a total of 3,156,238 shares of the Company’s common stock, issued in a private offering in May 2009, agreed to extend the expiration date of the warrants from May 14, 2014 to May 14, 2015 and increase the exercise price of the warrants from $2.62 per share to $3.50 per share pursuant to an Amendment to Warrant to Purchase Common Stock. One holder of warrants did not agree to the Amendment, and their warrants, covering 38,500 shares of Common Stock, expired unexercised on May 14, 2014 in accordance with the original terms.

In May 2014, we entered into subscription agreements with certain institutional investors pursuant to which we sold a total of 4,048,584 units, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock at a purchase price of $2.47 per unit, in a registered direct offering. Each warrant had an exercise price of $3.00 per share, was exercisable immediately after issuance and expires five years from the date of issuance. The transaction was completed on June 4, 2014 raising approximately $10,000,000 in gross proceeds before deducting any offering expenses or fees payable by us. Under the terms of our Placement Agent Agreement, we granted WBB Securities, LLC warrants to purchase 202,429 shares of common stock. The placement agent warrants have the same terms as the warrants issued to the purchasers in the offering, except that such warrants have an exercise price of $3.09.

In September 2014, the Company and 13 holders of warrants dated June 4, 2014 to purchase a total of 4,032,389 shares of the Company’s common stock agreed to amend the warrants in order to reduce the exercise price from $3.00 per share to $1.00 per share and change the expiration date from June 4, 2019 to September 10, 2014. The Company received proceeds of approximately $4,033,000 from the exercise of the warrants. In addition, pursuant to the terms of the amendment, upon each holder’s exercise of all shares for cash prior to the amended expiration date, the Company issued additional warrants for the same number of common shares to the holders. The additional warrants have an exercise price of $2.00 per share, and are exercisable on the date that is six months and one day from the date of issuance and expire five years from the date of issuance. For those investors participating in the October 2014 issuance of Series A 3.6% Convertible Preferred Stock, we agreed to reduce the exercise price of 3,384,601 warrants from $2.00 per share to $0.5771 per share, conditioned upon shareholder approval which was obtained in January 2015.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
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+ Details

Stockholders Rights Plan

12 Months Ended

Dec. 31, 2014

Stockholders Rights Plan [Abstract]

Stockholders Rights Plan

15.	Stockholders Rights Plan

On May 28, 2003, the Board of Directors declared a dividend distribution of one preferred share purchase right (a “Right”) for each outstanding share of our common stock. The dividend is payable to the stockholders of record on June 10, 2003, and with respect to shares of common stock issued thereafter until the Distribution Date (as defined below) and, in certain circumstances, with respect to shares of common stock issued after the Distribution Date. Except as set forth below, each Right, when it becomes exercisable, entitles the registered holder to purchase from us one one-thousandth (1/1000th) of a share of our Series RP Preferred Stock, $0.001 par value per share (the “Preferred Stock”), at a price of $25.00 per one one-thousandth (1/1000th) of a share of Preferred Stock, subject to adjustment. Each share of the Preferred Stock would entitle the holder to our common stock with a value of twice that paid for the Preferred Stock. The description and terms of the Rights are set forth in a Rights Agreement (the “Rights Agreement”) between us and Computershare Trust Company, Inc., as Rights Agent, dated as of May 29, 2003, and as amended on May 12, 2005 and August 28, 2007.

The Rights attach to all certificates representing shares of our common stock outstanding, and are evidenced by a legend on each share certificate, incorporating the Rights Agreement by reference. The Rights trade with and only with the associated shares of our common stock and have no impact on the way in which holders can trade our shares. Unless the Rights Agreement was to be triggered, it would have no effect on the Company’s consolidated balance sheet or income statement and should have no tax effect on the Company or its stockholders. The Rights Agreement is triggered upon the earlier to occur of (i) a person or group of affiliated or associated persons having acquired, without the prior approval of the Board, beneficial ownership of 15% or more (20% or more for certain shareholders) of the outstanding shares of our common stock or (ii) 10 days, or such later date as the Board may determine, following the commencement of or announcement of an intention to make, a tender offer or exchange offer the consummation of which would result in a person or group of affiliated or associated persons becoming an Acquiring Person (as defined in the Rights Agreement) except in certain circumstances (the “Distribution Date”).

The Rights were not exercisable until the Distribution Date and expired on May 29, 2013.

Stock-based Compensation

12 Months Ended

Dec. 31, 2014

Stock-based Compensation [Abstract]

Stock-based Compensation

16.	Stock-based Compensation

During 1997, we adopted the 1997 Stock Option and Stock Purchase Plan (the “1997 Plan”), which provides for the direct award or sale of shares and for the grant of incentive stock options (“ISOs”) and non-statutory options to employees, directors or consultants. The 1997 Plan, as amended, provides for the issuance of up to 7,000,000 shares of our common stock. The exercise price of ISOs cannot be less than the fair market value of the underlying shares on the date of grant. ISOs can be granted only to employees. The 1997 Plan expired in October 2007.

During 2004, we adopted the 2004 Equity Incentive Plan (the “2004 Plan”), which provides our employees, directors and consultants the opportunity to purchase our common stock through non-qualified stock options, stock appreciation rights, restricted stock units, or restricted stock and cash awards. The 2004 Plan initially provides for issuance of 3,000,000 shares of our common stock, which number may be cumulatively increased (subject to Board discretion) on an annual basis beginning January 1, 2005, which annual increase shall not exceed 2% of our then outstanding stock. The 2004 Plan expired in August 2014.

In August 2014, we adopted the 2014 Equity Incentive Plan (the “2014 Plan”), which provides our employees, directors and consultants the opportunity to purchase our common stock in the form of options (incentive or non-qualified), stock appreciation rights, restricted stock purchase rights, restricted stock bonuses, restricted stock units, performance shares, performance units, cash-based awards other stock-based awards, and deferred compensation awards. The 2014 Plan initially provides for issuance of 3,975,000 shares of our common stock. As of December 31, 2014, there are 3,697,000 shares of common stock remaining and available for future issuances under the 2014 Plan, which is exclusive of securities to be issued upon an exercise of outstanding options, warrants, and rights.

Stock Options

Generally, options issued under the 2014 Plan, 2004 Plan or the 1997 Plan are subject to four-year vesting, and have a contractual term of 10 years. Most options contain one of the following two vesting provisions:

12/48 of a granted award will vest after one year of service, while an additional 1/48 of the award will vest at the end of each month thereafter for 36 months, or

1/48 of the award will vest at the end of each month over a four-year period.

A summary of activity for the year ended December 31, 2014 is as follows:

	Options			Weighted Average Exercise Price
Balance as of January 1, 2014		8,322,289		$	4.55
Granted		3,058,190		$	1.99
Exercised		(2,667	)	$	2.62
Expired		(396,328	)	$	4.14
Cancelled/forfeited		(1,866,136	)	$	3.45
Balance as of December 31, 2014		9,115,348		$	3.93

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Balance as of December 31, 2014		9,115,348	$	3.93		6.31	$	584.4
Vested and expected to vest at December 31, 2014		9,064,341	$	3.94		6.30	$	560.47
Exercisable at December 31, 2014		6,230,987	$	4.70		5.06	$	—

The total intrinsic value of stock options exercised was $200, $3,500 and $311,000 for the years ended December 31, 2014, 2013 and 2012, respectively.

The fair value of each option awarded during the year ended December 31, 2014, 2013 and 2012 was estimated on the date of grant using the Black-Scholes-Merton option valuation model based on the following weighted-average assumptions:

	Years ended December 31,
	2014			2013			2012
Expected term	6.0 years			6.0 years			5.2 years
Risk-free interest rate		1.86	%		1.12	%		0.83	%
Volatility		77.52	%		75.27	%		75.63	%
Dividends		—			—			—
Resulting weighted average grant date fair value	$	1.35		$	1.72		$	1.96

We calculated the expected term of our stock options based on our historical data. The expected term is calculated for and applied to all employee awards as a single group as we do not expect (nor does historical data suggest) substantially different exercise or post-vesting termination behavior amongst our employee population.

We estimate volatility based on the historical volatility of our daily stock price over the period preceding grant date commensurate with the expected term of the option.

The weighted average risk-free interest rate represents the interest rate for treasury constant maturity instruments published by the Federal Reserve Board. If the term of available treasury constant maturity instruments is not equal to the expected term of an employee option, we use the weighted average of the two Federal Reserve securities closest to the expected term of the employee option.

The dividend yield has been assumed to be zero as we (a) have never declared or paid any dividends and (b) do not currently anticipate paying any cash dividends on our outstanding shares of common stock in the foreseeable future.

Restricted Stock Awards

Generally, restricted stock awards issued under the 2014 Plan and 2004 Plan are subject to a vesting period that coincides with the fulfillment of service requirements for each award and have a contractual term of 10 years. These awards are amortized to compensation expense over the estimated vesting period based upon the fair value of our common stock on the award date.

A summary of activity for the year ended December 31, 2014 is as follows:

	Restricted Stock Awards			Weighted Average Grant Date Fair Value
Balance as of January 1, 2014		106,341		$	3.62
Granted		115,808		$	2.50
Exercised/Released		(12,200	)	$	2.80
Cancelled/forfeited		(16,826	)	$	2.51
Balance as of December 31, 2014		193,123		$	3.10

	Restricted Stock Awards		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term (years)
Balance as of December 31, 2014		193,123	$	3.10		8.32
Vested and expected to vest at December 31, 2014		193,123	$	3.10		7.21
Exercisable at December 31, 2014		83,641	$	3.91		8.32

The following summarizes the total compensation cost recognized for the stock options and restricted stock awards in the accompanying financial statements:

	Years ended December 31,
	2014		2013		2012

Total compensation cost for share-based payment arrangements recognized in the statement of operations (net of tax of $0)	$	3,101,000	$	3,608,000	$	3,904,000

As of December 31, 2014, the total compensation cost related to non-vested stock options and stock awards not yet recognized for all our plans is approximately $3,944,000, which is expected to be recognized as a result of vesting under service conditions over a weighted average period of 1.77 years.

Cash received from stock option and warrant exercises and employee stock purchase for the years ended December 31, 2014, 2013 and 2012 was approximately $4,151,000, $225,000 and $1,413,000, respectively. No income tax benefits have been recorded related to the stock option exercises as the benefits have not been realized in our income tax returns.

To settle stock options and restricted stock awards, we will issue new shares of our common stock. At December 31, 2014, we have an aggregate of 775,977 shares authorized and available to satisfy option exercises under our plans.

Related Party Transactions

12 Months Ended

Dec. 31, 2014

Related Party Transactions

17.	Related Party Transactions

As of December 31, 2014 and 2013, Lorem Vascular was a beneficial owner of more than five percent of our outstanding shares of common stock. During the year ended December 31, 2013, Lorem Vascular purchased Celution® Systems and consumable sets from us for a total of $1,845,000 pursuant to the License/Supply Agreement.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Quarterly Information (unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Information (unaudited) [Abstract]

Quarterly Information (unaudited)

18.	Quarterly Information (unaudited)

The following unaudited quarterly financial information includes, in management’s opinion, all the normal and recurring adjustments necessary to fairly state the results of operations and related information for the periods presented:

	For the three months ended
	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014

Product revenues	$	1,031,000		$	935,000		$	518,000		$	2,469,000
Gross profit		610,000			169,000			181,000			1,053,000
Development revenues		403,000			356,000			585,000			1,301,000
Operating expenses		(10,560,000	)		(11,210,000	)		(8,656,000	)		(6,669,000	)
Other income (expense)		(853,000	)		(1,143,000	)		(1,495,000	)		(1,440,000	)
Net loss	$	(10,400,000	)	$	(11,828,000	)	$	(9,385,000	)	$	(5,755,000	)
Beneficial conversion feature for convertible preferred stock		—			—			—			(1,169,000	)
Net loss allocable to common stock holders…		(10,400,000	)		(11,828,000	)		(9,385,000	)		(6,924,000	)
Basic and diluted net loss per share	$	(0.14	)	$	(0.15	)	$	(0.12	)	$	(0.08	)

	For the three months ended
	March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013

Product revenues	$	1,392,000		$	1,408,000		$	1,616,000		$	2,706,000
Gross profit		636,000			800,000			685,000			1,580,000
Development revenues		2,366,000			859,000			1,095,000			754,000
Operating expenses		(9,739,000	)		(8,022,000	)		(10,241,000	)		(11,452,000	)
Other income (expense)		(930,000	)		3,152,000			3,203,000			(923,000	)
Net loss	$	(7,667,000	)	$	(3,211,000	)	$	(5,258,000	)	$	(10,041,000	)
Basic and diluted net loss per share	$	(0.11	)	$	(0.05	)	$	(0.08	)	$	(0.14	)

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2014

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS [Abstract]

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS

For the years ended December 31, 2014, 2013 and 2012

(in thousands of dollars)

	Balance at beginning of year		Additions (A)		Deductions (B)			Other (C)			Balance at end of year
Allowance for doubtful accounts
Year ended December 31, 2014	$	1,445	$	1,084	$	(995	)	$	(11	)	$	1,523
Year ended December 31, 2013	$	278	$	1,141	$	(16	)	$	42		$	1,445
Year ended December 31, 2012	$	474	$	144	$	(313	)	$	(27	)	$	278

(A)

Includes charges to costs and expenses.

(B)

Includes deductions for uncollectible accounts receivable.

(C)

Miscellaneous activity.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies [Abstract]

Use of Estimates

Cash and Cash Equivalents

Restricted Cash and Cash Equivalents

Accounts Receivable

Inventories

Property and Equipment

Impairment

Goodwill and Intangibles

Separable intangible assets that have finite useful lives continue to be amortized over their respective useful lives.

The changes in the carrying amounts of other indefinite and finite-life intangible assets and goodwill for the years ended December 31, 2014 and 2013 are as follows:

	December 31, 2014
Other intangibles, net:
Beginning balance	$	9,345,000
Increase		255,000
Amortization		(185,000	)
Ending balance		9,415,000

Goodwill, net:
Beginning balance		3,922,000
Increase (decrease)		—
Ending balance		3,922,000

Total goodwill and other intangibles, net	$	13,337,000

	December 31, 2013
Other intangibles, net:
Beginning balance	$	—
Acquisition of JV Intangible		9,394,000
Amortization		(49,000	)
Ending balance		9,345,000

Goodwill, net:
Beginning balance		3,922,000
Increase (decrease)		—
Ending balance		3,922,000

Total goodwill and other intangibles, net	$	13,267,000

Warrant Liability

	As of December 31, 2014
Expected term	5.3 years
Common stock market price	$	0.49
Risk-free interest rate		1.65	%
Expected volatility		90.00	%
Resulting fair value (per warrant)	$	0.38

Revenue Recognition

Product Sales

initial consulting services;

license rights and standard operating procedures;

equipment and supplies;

installation services;

training services;

database hosting services;

technical support services; and

maintenance services.

Concentration of Significant Customers & Geographical Sales

Product revenues, classified by geographic location, are as follows:

	Years ended

	2014					2013					2012
	Product Revenues		% of Total			Product Revenues		% of Total			Product Revenues		% of Total

North America	$	894,000		18	%	$	1,079,000		15	%	$	1,143,000		13	%
Japan		3,068,000		62	%		2,109,000		30	%		4,352,000		50	%
Europe		506,000		10	%		1,240,000		17	%		2,004,000		23	%
Other countries		485,000		10	%		2,694,000		38	%		1,210,000		14	%
Total product revenues	$	4,953,000		100	%	$	7,122,000		100	%	$	8,709,000		100	%

Research and Development

Refer to Note 8 for discussion about our arrangement with Senko.

Research and Development

Also included in research and development expenditures are costs incurred to support the government reimbursement contract.

$2,461,000, $3,053,000, and $331,000 qualified expenses were incurred for the years ended December 31, 2014, 2013 and 2012, related to our government contract with BARDA.

Deferred Financing Costs and Other Debt-Related Costs

Income Taxes

Stock Based Compensation

Segment Information

For the years ended December 31, 2014, 2013 and 2012, all of our financial results relate to cell therapy, therefore we report our results as a single segment.

Loss Per Share

Recent Accounting Pronouncements

The following new accounting standards have been issued, but not adopted by the Company as of December 31, 2014:

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies [Abstract]

Intangible Assets and Goodwill

The changes in the carrying amounts of other indefinite and finite-life intangible assets and goodwill for the years ended December 31, 2014 and 2013 are as follows:

	December 31, 2014
Other intangibles, net:
Beginning balance	$	9,345,000
Increase		255,000
Amortization		(185,000	)
Ending balance		9,415,000

Goodwill, net:
Beginning balance		3,922,000
Increase (decrease)		—
Ending balance		3,922,000

Total goodwill and other intangibles, net	$	13,337,000

	December 31, 2013
Other intangibles, net:
Beginning balance	$	—
Acquisition of JV Intangible		9,394,000
Amortization		(49,000	)
Ending balance		9,345,000

Goodwill, net:
Beginning balance		3,922,000
Increase (decrease)		—
Ending balance		3,922,000

Total goodwill and other intangibles, net	$	13,267,000

Summary of assumptions used in calculating fair value

The warrants are not traded in an active securities market, and as such the estimated the fair value at December 31 was determined by using an option pricing model (Monte Carlo) with the following assumptions:

	As of December 31, 2014
Expected term	5.3 years
Common stock market price	$	0.49
Risk-free interest rate		1.65	%
Expected volatility		90.00	%
Resulting fair value (per warrant)	$	0.38

Product revenues, classified by geographic location

Product revenues, classified by geographic location, are as follows:

	Years ended

	2014					2013					2012
	Product Revenues		% of Total			Product Revenues		% of Total			Product Revenues		% of Total

North America	$	894,000		18	%	$	1,079,000		15	%	$	1,143,000		13	%
Japan		3,068,000		62	%		2,109,000		30	%		4,352,000		50	%
Europe		506,000		10	%		1,240,000		17	%		2,004,000		23	%
Other countries		485,000		10	%		2,694,000		38	%		1,210,000		14	%
Total product revenues	$	4,953,000		100	%	$	7,122,000		100	%	$	8,709,000		100	%

Transactions with Olympus Corporation (Tables)

12 Months Ended

Dec. 31, 2014

Transactions with Olympus Corporation [Abstract]

Schedule of Acquired Intangible Assets

Inputs used in the valuation included various market participant assumptions in order to project potential future cash flows, discounted at a rate commensurate with the risk involved.

	Useful Life (in years)		Estimated Fair Value
Intangible assets:
Developed technology		7	$	9,394,000

Schedule of Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the assets acquired and liabilities assumed at the date of acquisition (in thousands):

	Estimated Fair Value
Current assets	$	236
Property and equipment		260
Intangible assets		9,394
Total assets acquired		9,890
Accrued and other current liabilities		(33	)
Total fair value of the Joint Venture	$	9,857

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Measurements [Abstract]

Assets and Liabilities Measured at Fair Value

The following table provides a summary of the recognized assets and liabilities that we measure at fair value on a recurring basis:

	Balance as of		Basis of Fair Value Measurements
	December 31, 2014		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	8,144,000	$	8,144,000	$	—	$	—

Liabilities:
Warrant liability	$	9,793,000	$	—	$	—	$	9,793,000

	Balance as of		Basis of Fair Value Measurements
	December 31, 2013		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	4,644,000	$	4,644,000	$	—	$	—

Summary of change in Level 3 warrant liablility

The following table summarizes the change in our Level 3 warrant liability value:

Warrant liability	December 31, 2014			December 31, 2013

Beginning balance	$	—		$	418,000
Additions to warrant liability		10,162,000			—
Change in fair value		(369,000	)		(418,000	)
Ending balance	$	9,793,000		$	—

Level 3 Put Option Liability

The following table summarizes the change in our Level 3 Put option liability value:

Put option liability	Year ended December 31, 2013

Beginning balance	$	(2,250,000	)
Decrease (increase) in fair value recognized in operating expenses		2,250,000
Ending balance	$	—

Fair Value (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value [Abstract]

Fair Value and Carrying Value of Long-term Debt

At December 31, 2014 and 2013, the aggregate fair value and the carrying value of the Company’s fixed rate long-term debt were as follows:

	December 31, 2014				December 31, 2013

	Fair Value		Carrying Value		Fair Value		Carrying Value

Fixed rate long-term debt	$	25,206,000	$	25,373,000	$	26,207,000	$	26,241,000

Composition of Certain Financial Statement Captions (Tables)

12 Months Ended

Dec. 31, 2014

Composition of Certain Financial Statement Captions [Abstract]

Inventories, net

As of December 31, 2014 and 2013, inventories, net, were comprised of the following:

	December 31,
	2014		2013

Raw materials	$	1,715,000	$	1,315,000
Work in process		1,301,000		232,000
Finished goods		1,813,000		2,147,000
	$	4,829,000	$	3,694,000

Other Current Assets

As of December 31, 2014 and 2013, other current assets were comprised of the following:

	December 31,
	2014		2013

Prepaid insurance	$	200,000	$	264,000
Prepaid other		675,000		850,000
Other receivables		117,000		111,000
	$	992,000	$	1,225,000

Property and Equipment, net

As of December 31, 2014 and 2013, property and equipment, net, were comprised of the following:

	December 31,
	2014			2013

Manufacturing and development equipment	$	5,674,000		$	5,059,000
Office and computer equipment		2,006,000			2,274,000
Leasehold improvements		3,271,000			3,271,000
		10,951,000			10,604,000
Less accumulated depreciation and amortization		(9,368,000	)		(9,550,000	)
	$	1,583,000		$	1,054,000

Other Assets

As of December 31, 2014 and 2013, other assets were comprised of the following:

	December 31,
	2014		2013

Deposits	$	540,000	$	479,000
Prepaid supplies, long-term		1,223,000		2,333,000
	$	1,763,000	$	2,812,000

Accounts Payable and Accrued Expenses

As of December 31, 2014 and 2013, accounts payable and accrued expenses were comprised of the following:

	December 31,
	2014		2013

Accrued legal fees	$	544,000	$	564,000
Accrued R&D studies		273,000		376,000
Accounts payable		949,000		965,000
Accrued vacation		577,000		918,000
Accrued bonus		758,000		759,000
Accrued expenses		2,006,000		2,167,000
Deferred rent		191,000		138,000
Accrued accounting fees		130,000		140,000
Accrued payroll		118,000		50,000
	$	5,546,000	$	6,077,000

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies [Abstract]

Future Minimum Lease Payments

We have contractual obligations to make payments on leases of office and manufacturing space as follows:

Years Ending December 31,	Operating Leases

2015	$	2,183,000
2016		2,241,000
2017		1,790,000
2018		55,000
2019		27,000
Total	$	6,296,000

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References + Details

Long-term Obligations (Tables)

12 Months Ended

Dec. 31, 2014

Long-term Obligations [Abstract]

Term Loan Outstanding

Additional details relating to the outstanding Term Loan as of December 31, 2014, are presented in the following table:

Origination Date		Original Loan Amount				Interest Rate				Current Monthly Payment*			Original Term		Remaining Principal (Face Value)
June 2013		$	27,000,000				9.75	%		$	203,434		48 Months		$	25,038,125

* Current monthly payment is inclusive of interest only

Future Minimum Debt and Lease Payments

As of December 31, 2014, the future contractual principal and final fee payments on all of our debt and lease obligations are as follows:

Years Ending December 31,

2015	$	7,462,000
2016		10,805,000
2017		8,596,000
Total	$	26,863,000

Face Value to Book Value Reconciliation

Reconciliation of Face Value to Book Value as of December 31, 2014

Total debt and lease obligations, including final payment fee (Face Value)	$	26,863,000
Less: Debt discount		(1,459,000	)
Total:		25,404,000
Less: Current portion		(7,363,000	)
Long-term obligation	$	18,041,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes [Abstract]

A Reconciliation of the total Income Tax Provision

A reconciliation of the total income tax provision tax rate to the statutory federal income tax rate of 34% for the years ended December 31, 2014, 2013 and 2012 is as follows:

	2014			2013			2012
Income tax expense (benefit) at federal statutory rate		(34.00)	%		(34.00)	%		(34.00)	%
Income tax expense (benefit) at state statutory rate		(3.52)	%		(3.54)	%		(2.79)	%
Gain on previously held equity interest in joint venture		0.00	%		(7.02)	%		0.00	%
Mark to market permanent adjustment		(0.37)	%		(2.15)	%		(0.24)	%
Change in valuation allowance		27.12	%		80.13	%		35.86	%
Change in state rate		0.02	%		(1.01)	%		(8.36)	%
Permanent interest adjustments		4.17	%		0.00	%		0.00	%
Debt refinance permanent adjustment		3.92	%		0.00	%		0.00	%
Acquired NOL’s/Intangibles from joint venture		0.00	%		(33.40)	%		0.00	%
Foreign rate differential		0.00	%		2.48	%		(0.04)	%
Other, net		2.66	%		(1.49)	%		9.57	%
		0.00	%		0.00	%		0.00	%

Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of our deferred tax assets and deferred tax liabilities as of December 31, 2014 and 2013 are as follows:

	2014				2013
Deferred tax assets:
Allowances and reserves		$	825,000			$	639,000
Accrued expenses			502,000				718,000
Deferred revenue and gain-on-sale			32,000				79,000
Stock based compensation			7,786,000				6,962,000
Net operating loss carryforwards			117,258,000				107,846,000
Income tax credit carryforwards			6,993,000				6,710,000
Property and equipment, principally due to differences in depreciation			926,000				804,000
Other,net			77,000				296,000
			134,399,000				124,054,000
Valuation allowance			(132,583,000	)			(122,450,000	)

Total deferred tax assets, net of allowance			1,816,000				1,604,000

Deferred tax liabilities:
Intangibles			(1,816,000	)			(1,604,000	)

Total deferred tax liability			(1,816,000	)			(1,604,000	)

Net deferred tax assets (liability)		$	—			$	—

Unrecognized Tax Benefits Activity

Following is a tabular reconciliation of the unrecognized tax benefits activity during the years ended December 31, 2014, 2013 and 2012:

	2014		2013		2012
Unrecognized Tax Benefits – Beginning	$	1,723,000	$	1,394,000	$	1,304,000
Gross increases – tax positions in prior period		—		69,000		—
Gross decreases – tax positions in prior period		—		—		—
Gross increase – current-period tax positions		129,000		260,000		90,000
Settlements		—		—		—
Lapse of statute of limitations		—		—		—
Unrecognized Tax Benefits – Ending	$	1,852,000	$	1,723,000	$	1,394,000

Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

Stock-based Compensation [Abstract]

Stock Option Activity

A summary of activity for the year ended December 31, 2014 is as follows:

	Options			Weighted Average Exercise Price
Balance as of January 1, 2014		8,322,289		$	4.55
Granted		3,058,190		$	1.99
Exercised		(2,667	)	$	2.62
Expired		(396,328	)	$	4.14
Cancelled/forfeited		(1,866,136	)	$	3.45
Balance as of December 31, 2014		9,115,348		$	3.93

Stock Options Vested and Expected to Vest

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Balance as of December 31, 2014		9,115,348	$	3.93		6.31	$	584.4
Vested and expected to vest at December 31, 2014		9,064,341	$	3.94		6.30	$	560.47
Exercisable at December 31, 2014		6,230,987	$	4.70		5.06	$	—

Weighted-average Assumptions

	Years ended December 31,
	2014			2013			2012
Expected term	6.0 years			6.0 years			5.2 years
Risk-free interest rate		1.86	%		1.12	%		0.83	%
Volatility		77.52	%		75.27	%		75.63	%
Dividends		—			—			—
Resulting weighted average grant date fair value	$	1.35		$	1.72		$	1.96

Restricted Stock Awards Activity

A summary of activity for the year ended December 31, 2014 is as follows:

	Restricted Stock Awards			Weighted Average Grant Date Fair Value
Balance as of January 1, 2014		106,341		$	3.62
Granted		115,808		$	2.50
Exercised/Released		(12,200	)	$	2.80
Cancelled/forfeited		(16,826	)	$	2.51
Balance as of December 31, 2014		193,123		$	3.10

Restricted Stock Awards Vested and Expected to Vest

	Restricted Stock Awards		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term (years)
Balance as of December 31, 2014		193,123	$	3.10		8.32
Vested and expected to vest at December 31, 2014		193,123	$	3.10		7.21
Exercisable at December 31, 2014		83,641	$	3.91		8.32

Compensation Cost Recognized for Stock Options and Restricted Stock Awards

The following summarizes the total compensation cost recognized for the stock options and restricted stock awards in the accompanying financial statements:

	Years ended December 31,
	2014		2013		2012

Total compensation cost for share-based payment arrangements recognized in the statement of operations (net of tax of $0)	$	3,101,000	$	3,608,000	$	3,904,000

Quarterly Information (unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Information (unaudited) [Abstract]

Unaudited Quarterly Financial Information

	For the three months ended
	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014

Product revenues	$	1,031,000		$	935,000		$	518,000		$	2,469,000
Gross profit		610,000			169,000			181,000			1,053,000
Development revenues		403,000			356,000			585,000			1,301,000
Operating expenses		(10,560,000	)		(11,210,000	)		(8,656,000	)		(6,669,000	)
Other income (expense)		(853,000	)		(1,143,000	)		(1,495,000	)		(1,440,000	)
Net loss	$	(10,400,000	)	$	(11,828,000	)	$	(9,385,000	)	$	(5,755,000	)
Beneficial conversion feature for convertible preferred stock		—			—			—			(1,169,000	)
Net loss allocable to common stock holders…		(10,400,000	)		(11,828,000	)		(9,385,000	)		(6,924,000	)
Basic and diluted net loss per share	$	(0.14	)	$	(0.15	)	$	(0.12	)	$	(0.08	)

	For the three months ended
	March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013

Product revenues	$	1,392,000		$	1,408,000		$	1,616,000		$	2,706,000
Gross profit		636,000			800,000			685,000			1,580,000
Development revenues		2,366,000			859,000			1,095,000			754,000
Operating expenses		(9,739,000	)		(8,022,000	)		(10,241,000	)		(11,452,000	)
Other income (expense)		(930,000	)		3,152,000			3,203,000			(923,000	)
Net loss	$	(7,667,000	)	$	(3,211,000	)	$	(5,258,000	)	$	(10,041,000	)
Basic and diluted net loss per share	$	(0.11	)	$	(0.05	)	$	(0.08	)	$	(0.14	)

Organization and Operations (Details)	3 Months Ended								12 Months Ended
Organization and Operations (Details)	Dec. 31, 2014 USD ($)	Sep. 30, 2014 USD ($)	Jun. 30, 2014 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Sep. 30, 2013 USD ($)	Jun. 30, 2013 USD ($)	Mar. 31, 2013 USD ($)	Dec. 31, 2014 USD ($) Subsidiary	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
Organization and Operations [Abstract]
Equity method ownership interest in joint venture (in hundredths)	50.00%								50.00%
Number of subsidiaries \| Subsidiary									5
Net loss	$ 5,755,000	$ 9,385,000	$ 11,828,000	$ 10,400,000	$ 10,041,000	$ 5,258,000	$ 3,211,000	$ 7,667,000	$ 37,368,000	$ 26,177,000	$ 32,279,000
Accumulated deficit	338,273,000				300,905,000				338,273,000	300,905,000
Net cash used									30,330,000	34,563,000	$ 32,193,000
Periodic payments beginning August 2014									1,000,000
Long-term Debt, Current Maturities	7,363,000				$ 3,191,000				7,363,000	$ 3,191,000
Joint Venture purchase obligation	$ 3,000,000								$ 3,000,000

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Summary of Significant Accounting Policies (Details) $ / shares in Units, shares in Millions	3 Months Ended									12 Months Ended
	Dec. 31, 2014 USD ($) $ / shares	Sep. 30, 2014 USD ($)	Jun. 30, 2014 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Sep. 30, 2013 USD ($)	Jun. 30, 2013 USD ($)	Mar. 31, 2013 USD ($)	Sep. 30, 2012 USD ($)	Dec. 31, 2014 USD ($) Customer Distributor $ / shares shares	Dec. 31, 2013 USD ($) Customer Distributor shares	Dec. 31, 2012 USD ($) Customer Distributor shares	Oct. 31, 2010 $ / shares
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents investments with original maturities	$ 8,144,000				$ 4,644,000					$ 8,144,000	$ 4,644,000
Goodwill and Intangibles [Abstract]
Other intangibles, net, Beginning balance				$ 9,345,000				$ 0		9,345,000	0
Other intangibles, Acquisition of JV Intangible										255,000	9,394,000
Other intangibles, net, Amortization										(185,000)	(49,000)
Other intangibles, net, Ending balance	9,415,000				9,345,000					9,415,000	9,345,000	$ 0
Goodwill, net, Beginning balance				3,922,000				3,922,000		3,922,000	3,922,000
Goodwill, net, Increase (Decrease)										0	0
Goodwill, net Ending balance	3,922,000				3,922,000					3,922,000	3,922,000	$ 3,922,000
Total goodwill and other intangibles, net	13,337,000				13,267,000					$ 13,337,000	13,267,000
Useful life (in years)										7 years		10 years
Intangible Assets Arising from Insurance Contracts Acquired in Business Combination, Amortization Expense, Fiscal Year Maturity [Abstract]
2015	896,000									$ 896,000
2016	1,267,000									1,267,000
2017	1,774,000									1,774,000
2018	2,306,000									2,306,000
Thereafter	$ 2,883,000									2,883,000
Class of Warrant or Right [Line Items]
Change in fair value of warrants										$ (369,000)	$ (418,000)	$ (209,000)
Exercise price per shares (in dollars per share) \| $ / shares	$ 25.00									$ 25.00
Expected term										5 years 3 months 18 days
Common stock market price (in dollars per share) \| $ / shares	0.49									$ 0.49			$ 4.50
Risk free interest rate (in hundredths)										1.65%
Expected volatility (in hundredths)										90.00%
Resulting fair value (per warrant) (in dollars per share) \| $ / shares	$ 0.38									$ 0.38
Revenue Recognition [Abstract]
Period of services provided subsequent to date of sale										1 year
Concentration Risk [Line Items]
Concentration risk percentage (in hundredths)										100.00%	100.00%	100.00%
Revenues	$ 2,469,000	$ 518,000	$ 935,000	1,031,000	2,706,000	$ 1,616,000	$ 1,408,000	1,392,000		$ 4,953,000	$ 7,122,000	$ 8,709,000
Research and Development Arrangements [Line Items]
Deferred revenue, related party, revenue recognized								638,000			0	2,882,000
Costs associated with the development device										15,105,000	17,065,000	13,628,000
Maximum total cost-plus fixed fee	$ 12,100,000									$ 12,100,000
Equity method ownership interest in joint venture (in hundredths)	50.00%									50.00%
Qualifying expenses entitlement under BARDA contract										$ 4,700,000
Qualifying expenditures related to research										2,461,000	$ 3,053,000	$ 331,000
Qualified expenses entitlement under BARDA contract										14,100,000
Qualified expenses related to research										8,300,000
Total expense and expenditure on Initial option										$ 22,400,000
Loss Per Share [Abstract]
Dilutive common shares excluded from the calculations of diluted loss per share (in shares) \| shares										43.7	17.2	17.4
North America [Member]
Concentration Risk [Line Items]
Concentration risk percentage (in hundredths)										18.00%	15.00%	13.00%
Revenues										$ 894,000	$ 1,079,000	$ 1,143,000
Japan [Member]
Concentration Risk [Line Items]
Concentration risk percentage (in hundredths)										62.00%	30.00%	50.00%
Revenues										$ 3,068,000	$ 2,109,000	$ 4,352,000
Europe [Member]
Concentration Risk [Line Items]
Concentration risk percentage (in hundredths)										10.00%	17.00%	23.00%
Revenues										$ 506,000	$ 1,240,000	$ 2,004,000
Other countries [Member]
Concentration Risk [Line Items]
Concentration risk percentage (in hundredths)										10.00%	38.00%	14.00%
Revenues										$ 485,000	$ 2,694,000	$ 1,210,000
Olympus and Olympus-Cytori [Member]
Research and Development Arrangements [Line Items]
Deferred revenues, related party	$ 28,311,000									28,311,000
BARDA Contract [Member]
Research and Development Arrangements [Line Items]
Costs associated with the development device									$ 106,000,000
Research and development arrangement with federal government, customer funding to offset costs incurred										$ 4,700,000
Research and development arrangement, initial base period										2 years
Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful lives of the assets										3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful lives of the assets										5 years
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member] \| Warrants [Member]
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance				$ 287,000				$ 0		$ 287,000	0
Fair value of warrants allocated from additional paid in capital										421,000	421,000
Decrease in fair value recognized in operating expenses										(134,000)	(134,000)
Ending balance	287,000				287,000					287,000	$ 287,000	$ 0
Letter of Credit [Member]
Line of Credit Facility [Line Items]
Letter of credit amount required by lease agreement	350,000									350,000
Restricted cash required to maintained under Lease agreement	350,000									$ 350,000
Customer Concentration Risk [Member] \| Revenue Recognized [Member]
Concentration Risk [Line Items]
Number of customers \| Customer										1		1
Number of distributor \| Distributor										3	1
Concentration risk percentage (in hundredths)										52.00%	26.00%	12.00%
Customer Concentration Risk [Member] \| Accounts Receivable [Member]
Concentration Risk [Line Items]
Number of customers \| Customer											1	2
Number of distributor \| Distributor										3	2	1
Concentration risk percentage (in hundredths)										92.00%	55.00%	39.00%
Warrants [Member]
Class of Warrant or Right [Line Items]
Fair value of warrants	$ 10,000,000				$ 0					$ 10,000,000	$ 0
Change in fair value of warrants										$ 9,800,000	$ 418,000	$ 209,000
Exercise price per shares (in dollars per share) \| $ / shares	$ 0.5771									$ 0.5771
Warrant term										5 years

Agreement with Lorem Vascular (Details) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2013 USD ($) Installment $ / shares shares	Dec. 31, 2014 $ / shares	Oct. 31, 2010 $ / shares
Partnership Agreement [Line Items]
Equity purchase price (in dollars per share) \| $ / shares		$ 0.49	$ 4.50
Lorem Vascular [Member] \| Exclusive License [Member]
Partnership Agreement [Line Items]
Total commitment	$ 500
Period of exclusive license	30 years
Lorem Vascular [Member] \| Equity Purchases [Member]
Partnership Agreement [Line Items]
Total commitment	$ 24
Shares of unregistered stock purchased (in shares) \| shares	8.0
Equity purchase price (in dollars per share) \| $ / shares	$ 3.00
Number of installments in equity purchases \| Installment	2
Lorem Vascular [Member] \| Product Purchase Commitment [Member]
Partnership Agreement [Line Items]
Total commitment	$ 7
First purchase commitment	2
Second purchase commitment	$ 5

Transactions with Olympus Corporation (Details) - USD ($)			1 Months Ended	12 Months Ended
	May 08, 2014	May 27, 2013	Oct. 31, 2010	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	May 08, 2013
Acquisition of Olympus' Interest in the Joint Venture [Abstract]
Remeasurement gain				$ 0	$ 4,892,000	$ 0
Inputs used in valuation of acquired intangible assets [Abstract]
Useful life (in years)				7 years		10 years
Total payments to be made					5,000,000
Payments totaling				$ 2,700,000
Remaining payment obligation				3,300,000
Initial investment by Olympus Corporation in Cytori [Abstract]
Common stock issued (in shares)			4,600,000
Difference between proceeds received and fair values of common stock and option liability				0	(638,000)	$ (2,882,000)
Formation of the Olympus-Cytori Joint Venture [Abstract]
Joint Venture Payment				$ 2,262,000	221,000	0
Percentage of share in Joint Venture (in hundredths)				50.00%
Put/Calls and Guarantees [Abstract]
Put option, repurchase floor						22,000,000,000
Option liability					$ 0	$ 2,250,000
Fair Value Inputs [Abstract]
Expected volatility (in hundredths)				90.00%
Risk free interest rate (in hundredths)				1.65%
Acquired Olympus Ownership [Member]
Acquisition of Olympus' Interest in the Joint Venture [Abstract]
Equity interest acquired (in hundredths)		50.00%
Acquisition agreement date		May 27, 2013
Remeasurement gain				$ 4,892,000
Installment payment amount description		Installment payments will be calculated quarterly based on 5% of Cytori's gross sales receipts for all products sold. If Cytori receives an aggregate $35,000,000 in cash through strategic or financing arrangements during the first year of the Termination Agreement, Cytori will pay $4,500,000 upon request of Olympus as full and complete consideration under the Agreement.
Gross sales receipts (in hundredths)		5.00%
Limit for cash through strategic or financing arrangements		$ 35,000,000
Required payment for acquisition		4,500,000
Inputs used in valuation of acquired intangible assets [Abstract]
Estimated fair value							$ 9,394,000
Fair value of purchase consideration		4,928,000
Unamortized discount resulting from fair value calculation of purchase obligations		$ 1,072,000
Weighted average expected term for amortization of purchase obligation		1 year 9 months 18 days
Year-to-date equity loss from investment in Joint Venture		$ 48,000
Increased obligation under alternative payment option	$ 1,500,000
Total payments to be made	$ 6,000,000
Additional interest expense of quarterly reassessment				579,000,000
Unrecognized future discount amount				$ 289,000,000
Fair value of the assets acquired and liabilities assumed at the date of acquisition [Abstract]
Current assets							236,000
Property and equipment							260,000
Intangible assets							9,394,000
Total assets acquired							9,890,000
Accrued and other current liabilities							(33,000)
Total fair value of the Joint Venture							$ 9,857,000
Acquired Olympus Ownership [Member] \| Minimum [Member]
Acquisition of Olympus' Interest in the Joint Venture [Abstract]
Payment obligation under termination agreement		$ 4,500,000
Payment installment period		1 year
Inputs used in valuation of acquired intangible assets [Abstract]
Discount rate used to value intangible assets (in hundredths)		9.75%
Acquired Olympus Ownership [Member] \| Maximum [Member]
Acquisition of Olympus' Interest in the Joint Venture [Abstract]
Payment obligation under termination agreement		$ 16,000,000
Payment installment period		6 years
Inputs used in valuation of acquired intangible assets [Abstract]
Discount rate used to value intangible assets (in hundredths)		12.75%
Acquired Olympus Ownership [Member] \| Developed Technology [Member]
Inputs used in valuation of acquired intangible assets [Abstract]
Useful life (in years)				7 years
Estimated fair value				$ 9,394,000
Fair value of the assets acquired and liabilities assumed at the date of acquisition [Abstract]
Intangible assets				$ 9,394,000

Sale and Exclusive License/Supply Agreement with Bimini Technologies LLC (Details)	12 Months Ended
	Dec. 31, 2013 USD ($)
Sale and Exclusive License/Supply Agreement with Bimini Technologies LLC [Abstract]
Aggregate value of consideration paid by Bimini	$ 5,000,000
Gain on Puregraft divestiture	4,500,000
Estimated future transfer and training obligations	547,000
Milestone payments from Bimini, maximum	$ 10,000,000

Fair Value Measurements (Details) - USD ($)	12 Months Ended
Fair Value Measurements (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Liabilities:
Put option liability	$ 0	$ 0		$ 0
Change in Level 3 put option liability [Roll Forward]
Beginning balance	0	(2,250,000)
Ending balance		0
Fair Value, Measurements, Recurring [Member]
Assets:
Cash equivalents			$ 4,644,000	8,144,000
Liabilities:
Warrant liability	28,700	28,700		28,700
Change in Level 3 warrant liability [Roll Forward]
Beginning balance	28,700
Ending balance		28,700
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member]
Assets:
Cash equivalents			4,644,000	8,144,000
Liabilities:
Warrant liability	0	0		0
Change in Level 3 warrant liability [Roll Forward]
Beginning balance	0
Ending balance		0
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member]
Assets:
Cash equivalents			0	0
Liabilities:
Warrant liability	0	0		0
Change in Level 3 warrant liability [Roll Forward]
Beginning balance	0
Ending balance		0
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member]
Assets:
Cash equivalents			0	0
Liabilities:
Warrant liability	28,700	28,700		28,700
Change in Level 3 warrant liability [Roll Forward]
Beginning balance	28,700
Ending balance		28,700
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member] \| Put Option [Member]
Liabilities:
Put option liability	0	(2,250,000)		0
Change in Level 3 warrant liability [Roll Forward]
Decrease (increase) in fair value recognized in operating expenses		2,250,000
Change in Level 3 put option liability [Roll Forward]
Beginning balance	0	(2,250,000)
Decrease (increase) in fair value recognized in operating expenses		2,250,000
Ending balance		0
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member] \| Warrants [Member]
Liabilities:
Warrant liability	0	0	$ 9,793,000	$ 0
Change in Level 3 warrant liability [Roll Forward]
Beginning balance	0	(418,000)
Additions to warrant liability	10,162,000	0
Decrease (increase) in fair value recognized in operating expenses	(369,000)	418,000
Ending balance	9,793,000	0
Change in Level 3 put option liability [Roll Forward]
Decrease (increase) in fair value recognized in operating expenses	$ (369,000)	$ 418,000

Fair Value (Details) - USD ($)	12 Months Ended
Fair Value (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt discount	$ 1,459,000
Identifiable intangible assets	$ 255,000	$ 9,394,000
Useful life (in years)	7 years		10 years
Contractual license Rights [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Identifiable intangible assets	$ 9,394,000
Useful life (in years)	7 years
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed rate long-term debt	$ 25,206,000	26,207,000
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed rate long-term debt	25,373,000	26,241,000
Debt discount	$ 1,459,000	$ 2,379,000

Thin Film Japan Distribution Agreement (Details)	12 Months Ended
Thin Film Japan Distribution Agreement (Details)	Dec. 31, 2014 USD ($) Installment	Dec. 31, 2013 USD ($)	Feb. 28, 2013 USD ($)
Thin Film Japan Distribution Agreement [Abstract]
License fee recorded as deferred revenue	$ 112,000	$ 212,000	$ 2,379,000
Payment obligation under termination agreement	$ 1,200,000
Number of installment payments \| Installment	6
Periodic payment under termination agreement	$ 200,000
Deferred revenues	112,000	$ 212,000	$ 2,379,000
Development revenue	$ 1,179,000

Composition of Certain Financial Statement Captions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Inventories [Abstract]
Raw materials	$ 1,715,000	$ 1,315,000
Work in process	1,301,000	232,000
Finished goods	1,813,000	2,147,000
Inventory, net	4,829,000	3,694,000
Other Current Assets [Abstract]
Prepaid insurance	200,000	264,000
Prepaid other	675,000	850,000
Other receivables	117,000	111,000
Other current assets, net	992,000	1,225,000
Property and Equipment, net [Abstract]
Manufacturing and Development Equipment	5,674,000	5,059,000
Office and computer equipment	2,006,000	2,274,000
Leasehold improvements	3,271,000	3,271,000
Property and Equipment, Gross	10,951,000	10,604,000
Less accumulated depreciation and amortization	(9,368,000)	(9,550,000)
Property and Equipment, net	1,583,000	1,054,000
Depreciation expense	594,000	1,581,000	$ 741,000
Other Assets [Abstract]
Deposits	540,000	479,000
Prepaid supplies, long-term	1,223,000	2,333,000
Total Other Assets	1,763,000	2,812,000
Accounts Payable and Accrued Expenses [Abstract]
Accrued legal fees	544,000	564,000
Accrued R&D studies	273,000	376,000
Accounts payable	949,000	965,000
Accrued vacation	577,000	918,000
Accrued bonus	758,000	759,000
Accrued expenses	2,006,000	2,167,000
Deferred rent	191,000	138,000
Accrued accounting fees	130,000	140,000
Accrued payroll	118,000	50,000
Accounts Payable and Accrued Expenses, Total	$ 5,546,000	$ 6,077,000

Commitments and Contingencies (Details) - USD ($)	12 Months Ended
Commitments and Contingencies (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Operating Leases [Abstract]
2015	$ 2,183,000
2016	2,241,000
2017	1,790,000
2018	55,000
2019	27,000
Operating Leases, Total	6,296,000
Rent expense	3,332,000	$ 3,458,000	$ 2,980,000
Recorded Unconditional Purchase Obligation [Line Items]
Purchase obligation, due in next twelve months	3,008,000	$ 4,691,000
Pre Clinical Research Study Obligations [Member]
Recorded Unconditional Purchase Obligation [Line Items]
Purchase obligation, due in next twelve months	$ 1,216,000

Long-term Obligations (Details) - USD ($)

12 Months Ended

Jun. 28, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Debt Instrument [Line Items]

Warrant exercise price (in dollars per share)

$ 25.00

Repayment of long term debt

$ 1,962,000

$ 22,304,000

$ 2,692,000

Net proceeds of the Term Loan, after payment of lender fees and expenses

27,000,000

Loss on debt extinguishment

708,000

Unamortized debt discount

1,459,000

Additional details relating term loan that is outstanding [Abstract]

Current Monthly Payment

1,000,000

Future contractual principal and final fee payments on all debt and lease obligations [Abstract]

2015

7,462,000

2016

10,805,000

2017

8,596,000

Contractual principal and final fee payments, Total

26,863,000

Reconciliation of Face Value to Book Value [Abstract]

Contractual principal and final fee payments, Total

26,863,000

Less: Debt discount

(1,459,000)

Total:

25,404,000

Less: Current portion

(7,363,000)

(3,191,000)

Long-term obligation

18,041,000

23,100,000

Interest expense

4,371,000

3,396,000

3,386,000

Non-cash amortization

1,220,000

$ 893,000

$ 930,000

Term Loan [Member]

Debt Instrument [Line Items]

Maturity date

Jul. 01, 2017

Fees amount associated with loan

$ 1,795,000

Date from which warrants are exercisable

Jun. 28, 2013

Warrants issued to lenders (in shares)

596,553

Warrant exercise price (in dollars per share)

$ 2.26

Warrant expiration date

Jun. 28, 2020

Repayment of long term debt

$ 18,866,000

Term Loan remaining balance at date of Amendment

17,325,000

$ 25,038,125

Accrued but unpaid interest

119,000

Final payment fee

1,078,000

Prepayment fee

312,000

Net proceeds of the Term Loan, after payment of lender fees and expenses

7,800,000

Loss on debt extinguishment

708,000

Unamortized debt discount

$ 949,000

Effective interest rate (in hundredths)

13.86%

Outstanding warrants issued and re-priced (in shares)

596,553

Additional details relating term loan that is outstanding [Abstract]

Origination Date

Jun. 28, 2013

Jun. 30, 2013

Original Loan Amount

$ 27,000,000

Interest Rate (in hundredths)

9.75%

Current Monthly Payment

^[1]

$ 203,434

Original Term

48 months

Remaining Principal (Face Value)

$ 17,325,000

$ 25,038,125

Reconciliation of Face Value to Book Value [Abstract]

Less: Debt discount

(949,000)

Term Loan [Member] | Final Payment [Member]

Debt Instrument [Line Items]

Fees amount associated with loan

$ 1,942,000

[1]	Current monthly payment is inclusive of interest only

Income Taxes (Details) - USD ($)	12 Months Ended
Income Taxes (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reconciliation of the total income tax provision tax rate [Abstract]
Income tax expense (benefit) at federal statutory rate (in hundredths)	(34.00%)	(34.00%)	(34.00%)
Income tax expense (benefit) at state statutory rate (in hundredths)	(3.52%)	(3.54%)	(2.79%)
Gain on previously held equity interest in joint venture (in hundredths)	0.00%	(7.02%)	0.00%
Mark to market permanent adjustment (in hundredths)	(0.37%)	(2.15%)	(0.24%)
Change in federal valuation allowance (in hundredths)	27.12%	80.13%	35.86%
Change in state rate (in hundredths)	0.02%	(1.01%)	(8.36%)
Permanent interest adjustments (in hundredths)	4.17%	0.00%	0.00%
Debt refinance permanent adjustment (in hundredths)	3.92%	0.00%	0.00%
Acquired NOL's/Intangibles from joint venture (in hundredths)	0.00%	(33.40%)	0.00%
Foreign rate differential (in hundredths)	0.00%	2.48%	(0.04%)
Other, net (in hundredths)	2.66%	(1.49%)	9.57%
Total income tax provision (in hundredths)	0.00%	0.00%	0.00%
Deferred tax assets [Abstract]
Allowances and reserves	$ 825,000	$ 639,000
Accrued expenses	502,000	718,000
Deferred revenue and gain-on-sale	32,000	79,000
Stock based compensation	7,786,000	6,962,000
Net operating loss carryforwards	117,258,000	107,846,000
Income tax credit carryforwards	6,993,000	6,710,000
Property and equipment, principally due to differences in depreciation	926,000	804,000
Other,net	77,000	296,000
Deferred tax assets (Total)	134,399,000	124,054,000
Valuation allowance	(132,583,000)	(122,450,000)
Total deferred tax assets, net of allowance	1,816,000	1,604,000
Deferred tax liabilities [Abstract]
Intangibles	(1,816,000)	(1,604,000)
Total deferred tax liability	(1,816,000)	(1,604,000)
Net deferred tax assets (liability)	0	0
Schedule of reconciliation of unrecognized tax benefits activity [Roll Forward]
Unrecognized Tax Benefits - Beginning	1,723,000	1,394,000	$ 1,304,000
Gross increases - tax positions in prior period	0	69,000	0
Gross decreases - tax positions in prior period	0	0	0
Gross increase - current-period tax positions	129,000	260,000	90,000
Settlements	0	0	0
Lapse of statute of limitations	0	0	0
Unrecognized Tax Benefits - Ending	1,852,000	$ 1,723,000	$ 1,394,000
Income Tax Contingency [Line Items]
Increased valuation allowance	$ 10,133,000
Net operating loss carryforwards, Expire date	Begin to expire in 2019 and 2015
State tax credit carryforwards	$ 4,113,000
Cumulative change in ownership (in hundredths)	50.00%
Period of net operating loss and R&D tax credit carry forwards to offset future taxable income	3 years
Excess tax benefits	$ 1,261,000
Period for material changes of liability for uncertain tax benefits	12 months
Federal [Member]
Income Tax Contingency [Line Items]
Tax loss carryforwards	$ 314,349,000
Federal tax carry forward	$ 4,279,000
Federal tax credit carryforward, Expiration date	Begin to expire in 2018
California [Member]
Income Tax Contingency [Line Items]
Tax loss carryforwards	$ 187,182,000
Stock Option [Member]
Income Tax Contingency [Line Items]
Increased valuation allowance	$ 579,000

Employee Benefit Plan (Details) - USD ($)	12 Months Ended
Employee Benefit Plan (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Employee Benefit Plan [Abstract]
Discretionary or matching contributions	$ 0	$ 0	$ 0

Stockholders' Equity (Details)					1 Months Ended		12 Months Ended
Stockholders' Equity (Details)	Apr. 09, 2012 USD ($) shares	Jul. 11, 2011 USD ($) Closing $ / shares shares	Dec. 13, 2010 USD ($) $ / shares shares	Mar. 13, 2010	Dec. 19, 2012 USD ($) shares	Oct. 31, 2010 USD ($) $ / shares shares	Dec. 31, 2014 USD ($) $ / shares shares	Dec. 31, 2013 USD ($) $ / shares shares	Dec. 31, 2012 USD ($)	Sep. 30, 2014 $ / shares	Feb. 28, 2013 USD ($)	Apr. 30, 2012 shares
Preferred Stock [Abstract]
Preferred stock, shares authorized (in shares)							5,000,000	5,000,000
Preferred stock, par value (in dollars per share) \| $ / shares							$ 0.001	$ 0.001
Preferred stock, shares issued (in shares)							13,500	0
Preferred stock, shares outstanding (in shares)							5,311	0
Stock Issuance [Abstract]
Proceeds from private placement of stock \| $						$ 20,700,000
Common stock issued (in shares)						4,600,000
Common stock at a purchase price (in dollars per unit) \| $ / shares						$ 4.50	$ 0.49
Sale of stock, price per share (in dollars per share) \| $ / shares						4.23
Deferred revenues \| $							$ 112,000	$ 212,000			$ 2,379,000
Expected expiration period for recognition of deferred amount				2 years
Common stock, shares issued (in shares)							99,348,377	71,305,375
Offering price per share (in dollars per share) \| $ / shares						$ 4.23
Proceeds from sale of common stock \| $							$ 19,001,000	$ 18,000,000	$ 24,953,000
Warrant exercise price (in dollars per share) \| $ / shares							$ 25.00
Dividends Payable \| $							$ 1,200,000
Shares with reduction in exercise price (in shares)							3,384,601
Subsequent Event [Member]
Stock Issuance [Abstract]
Dividends Payable \| $							$ 600,000
Astellas Pharma Inc. [Member]
Stock Issuance [Abstract]
Proceeds from private placement of stock \| $			$ 10,000,000
Common stock issued (in shares)			1,428,571
Sale of stock, price per share (in dollars per share) \| $ / shares			$ 7.00
Deferred revenues \| $			$ 2,526,000
Offering price per share (in dollars per share) \| $ / shares			$ 7.00
Seaside 88, LP [Member]
Stock Issuance [Abstract]
Proceeds from private placement of stock \| $		$ 6,000,000
Common stock issued (in shares)	5,826,262	1,326,262
Sale of stock, price per share (in dollars per share) \| $ / shares		$ 4.52
Common stock, shares issued (in shares)	5,826,262	6,326,262
Number of closings \| Closing		20
Offering price per share (in dollars per share) \| $ / shares		$ 4.52
Purchase price of common stock, percent (in hundredths)		88.00%
Trading period		10 days
Proceeds from sale of common stock \| $	$ 18,233,000	$ 6,000,000
Number of shares terminated and not sold												(500,000)
Seaside 88, LP [Member] \| Initial Closing Period [Member]
Stock Issuance [Abstract]
Common stock, shares issued (in shares)		1,326,262
Purchase period of common stock		30 days
Seaside 88, LP [Member] \| Every Two Weeks [Member]
Stock Issuance [Abstract]
Common stock, shares issued (in shares)		250,000
Purchase period of common stock		14 days
Seaside 88, LP [Member] \| Ten Day Trading Period [Member]
Stock Issuance [Abstract]
Purchase price of common stock, percent (in hundredths)		90.25%
Lazard Capital Markets, LLC [Member]
Stock Issuance [Abstract]
Proceeds from private placement of stock \| $					$ 20,007,000			$ 3,000,000
Common stock issued (in shares)					1,053,000			7,020,000
Additional shares of common stock (in shares)								1,053,000
Common stock at a purchase price (in dollars per unit) \| $ / shares								$ 2.85
Sale of stock, price per share (in dollars per share) \| $ / shares								$ 2.69
Purchase period of common stock								30 days
Offering price per share (in dollars per share) \| $ / shares								$ 2.69
Lorem Vascular [Member]
Stock Issuance [Abstract]
Proceeds from private placement of stock \| $							$ 15,000,000
Common stock issued (in shares)							8,000,000
Sale of stock, price per share (in dollars per share) \| $ / shares							$ 3.00
Receivables from sale of stock \| $							$ 9,000,000
Offering price per share (in dollars per share) \| $ / shares							$ 3.00
Lorem Vascular [Member] \| First Closing of Stock sale [Member]
Stock Issuance [Abstract]
Proceeds from private placement of stock \| $							$ 12,000,000
Common stock issued (in shares)							4,000,000
Lorem Vascular [Member] \| Second Closing of Stock sale [Member]
Stock Issuance [Abstract]
Proceeds from private placement of stock \| $							$ 3,000,000
Common stock issued (in shares)							4,000,000
Warrant liability [Member]
Stock Issuance [Abstract]
Warrant exercise price (in dollars per share) \| $ / shares							$ 0.5771			$ 2.00

Stockholders Rights Plan (Details) - $ / shares	12 Months Ended
Stockholders Rights Plan (Details) - $ / shares	Dec. 31, 2014	Dec. 31, 2013
Stockholders Rights Plan [Abstract]
Date of dividend declared	May 28, 2003
Dividends payable record date	Jun. 10, 2003
Preferred stock, conversion basis	one one-thousandth (1/1000th) of a share
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Original exercise price (in dollars per share)	$ 25.00
Beneficial ownership (in hundredths)	15.00%
Beneficial ownership for certain shareholders (in hundredths)	20.00%
Number of days for commencement	10 days

- Definition

Specific terms relevant to convertibility. Includes class of preferred stock and number of shares convertible into, exercise (or conversion) price or rates, dates relevant to conversion timing and events relevant to conversion. Describe also any beneficial conversion features. where convertible preferred stock with a nondetachable conversion feature is in-the-money at commitment date. For contingently convertible preferred stock, discuss the circumstances of the contingency, including the events or changes in circumstance that would cause the contingency to be met and any of the significant features necessary to understand the conversion rights and the timing of those rights. Include also an events or changes in circumstance, if any, that could adjust or change the contingency, conversion price, or number of shares, including significant terms of those changes.

+ References + Details

Stock-based Compensation (Details) - USD ($)	12 Months Ended
Stock-based Compensation (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Securities remaining and available for future issuances (in shares)	775,977
Stock-based compensation	$ 3,101,000	$ 3,608,000	$ 3,904,000
Stock Option Activity [Abstract]
Stock option vesting period	4 years
Stock option contractual term	10 years
Stock option vesting provisions	12/48 of a granted award will vest after one year of service, while an additional 1/48 of the award will vest at the end of each month thereafter for 36 months, or 1/48 of the award will vest at the end of each month over a four-year period.
Options [Roll Forward]
Balance as of January 1, 2013 (in shares)	8,322,289
Granted (in shares)	3,058,190
Exercised (in shares)	(2,667)
Expired (in shares)	(396,328)
Cancelled/forfeited (in shares)	(1,866,136)
Balance as of December 31, 2013 (in shares)	9,115,348	8,322,289
Vested and expected to vest at December 31, 2013 (in shares)	9,064,341
Exercisable at December 31, 2013 (in shares)	6,230,987
Weighted Average Exercise Price [Roll Forward]
Balance as of January 1, 2013 (in dollars per share)	$ 4.55
Granted (in dollars per share)	1.99
Exercised (in dollars per share)	2.62
Expired (in dollars per share)	4.14
Cancelled/forfeited (in dollars per share)	3.45
Balance as of December 31, 2013 (in dollars per share)	3.93	$ 4.55
Vested and expected to vest at December 31, 2013 (in dollars per share)	3.94
Exercisable at December 31, 2013 (in dollars per share)	$ 4.70
Weighted Average Remaining Contractual Term (Years) [Roll Forward]
Balance as of December 31, 2013	6 years 3 months 22 days
Vested and expected to vest at December 31, 2013	6 years 3 months 18 days
Exercisable at December 31, 2013	5 years 22 days
Aggregate Intrinsic Value [Roll Forward]
Balance	$ 584.4
Vested and expected to vest at end of the year	560.47
Exercisable	0
Weighted Average Remaining Contractual Terms (years) [Abstract]
Total intrinsic value of stock options exercised	$ 200	$ 3,500	$ 311,000
Black-Scholes-Merton option valuation model based on weighted-average assumptions [Abstract]
Expected term	6 years	6 years	5 years 2 months 12 days
Risk-free interest rate (in hundredths)	1.86%	1.12%	0.83%
Volatility (in hundredths)	77.52%	75.27%	75.63%
Dividends (in hundredths)	0.00%	0.00%	0.00%
Resulting weighted average grant date fair value (in dollars per share)	$ 1.35	$ 1.72	$ 1.96
Total compensation cost recognized for the stock options and restricted stock awards [Abstract]
Total compensation cost for share-based payment arrangements recognized in the statement of operations (net of tax of $0)	$ 3,101,000	$ 3,608,000	$ 3,904,000
Total compensation cost for share-based payment arrangements recognized in the statement of operations, tax	0	0	0
Total unamortized compensation cost related to outstanding unvested stock options and restricted stock awards	3,944,000
Total unamortized compensation cost related to outstanding vested stock options and restricted stock awards	$ 3,944,000
Weighted average period for recognition of cost	1 year 9 months 7 days
Cash received from stock option and warrant exercises	$ 4,151,000	$ 225,000	$ 1,413,000
Restricted Stock Awards [Member]
Restricted Stock Awards, Performance-Based Restricted Stock Awards [Roll Forward]
Outstanding, Beginning Balance (in shares)	106,341
Granted (in shares)	115,808
Exercised/Released (in shares)	(12,200)
Cancelled/forfeited (in shares)	(16,826)
Outstanding, Ending Balance (in shares)	193,123	106,341
Vested and expected to vest at December 31, 2013 (in shares)	193,123
Exercisable at December 31, 2013 (in shares)	83,641
Weighted Average Grant Date Fair Value [Roll Forward]
Balance as of January 1, 2013 (in dollars per share)	$ 3.62
Granted (in dollars per share)	2.50
Exercised/Released (in dollars per share)	2.80
Cancelled/forfeited (in dollars per share)	2.51
Balance as of December 31, 2013 (in dollars per share)	3.10	$ 3.62
Weighted Average Exercise Price [Abstract]
Balance as of December 31, 2013 (in dollars per share)	3.10
Vested and expected to vest at December 31, 2013 (in dollars per share)	3.10
Exercisable at December 31, 2013 (in dollars per share)	$ 3.91
Weighted Average Remaining Contractual Terms (years) [Abstract]
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms	8 years 3 months 25 days
Vested and expected to vest	7 years 2 months 16 days
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisableWeightedAverageRemainingContractualTerms	8 years 3 months 25 days
Performance Shares [Member]
Restricted Stock Awards, Performance-Based Restricted Stock Awards [Roll Forward]
Vested (in shares)	0
1997 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum issuance of common stock (in shares)	7,000,000
Share-based compensation, expiration date	Oct. 22, 2007
2004 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum issuance of common stock (in shares)	3,000,000
Maximum limit for increase in outstanding stock (in hundredths)	2.00%
Securities remaining and available for future issuances (in shares)	700,647
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation		$ 75,000
Total compensation cost recognized for the stock options and restricted stock awards [Abstract]
Total compensation cost for share-based payment arrangements recognized in the statement of operations (net of tax of $0)		$ 75,000
2014 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares to be issued (in shares)	3,975,000
Securities remaining and available for future issuances (in shares)	3,697,000

Related Party Transactions (Details) - USD ($)	12 Months Ended
Related Party Transactions (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]
Sales pursuant to the License/Supply agreement	$ 0	$ 1,845,000	$ 0
Olympus Corporation [Member]
Related Party Transaction [Line Items]
Beneficial owner, maximum ownership percentage (in hundredths)	5.00%	5.00%	5.00%
Lorem Vascular Pty. Ltd. [Member]
Related Party Transaction [Line Items]
Beneficial owner, maximum ownership percentage (in hundredths)		5.00%
Sales pursuant to the License/Supply agreement	$ 1,845,000

Quarterly Information (unaudited) (Details) - USD ($)	3 Months Ended								12 Months Ended
Quarterly Information (unaudited) (Details) - USD ($)	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Quarterly Information (unaudited) [Abstract]
Product revenues	$ 2,469,000	$ 518,000	$ 935,000	$ 1,031,000	$ 2,706,000	$ 1,616,000	$ 1,408,000	$ 1,392,000	$ 4,953,000	$ 7,122,000	$ 8,709,000
Gross profit	1,053,000	181,000	169,000	610,000	1,580,000	685,000	800,000	636,000	2,013,000	3,701,000	4,709,000
Development revenues	1,301,000	585,000	356,000	403,000	754,000	1,095,000	859,000	2,366,000	2,645,000	5,074,000	5,792,000
Operating expenses	(6,669,000)	(8,656,000)	(11,210,000)	(10,560,000)	(11,452,000)	(10,241,000)	(8,022,000)	(9,739,000)	37,095,000	39,454,000	38,919,000
Other income (expense)	(1,440,000)	(1,495,000)	(1,143,000)	(853,000)	(923,000)	3,203,000	3,152,000	(930,000)	(4,931,000)	4,502,000	(3,861,000)
Net loss for the year ended	(5,755,000)	(9,385,000)	(11,828,000)	(10,400,000)	$ (10,041,000)	$ (5,258,000)	$ (3,211,000)	$ (7,667,000)	(37,368,000)	(26,177,000)	(32,279,000)
Preferred Stock Dividends and Other Adjustments	(1,169,000)	0	0	0					(1,169,000)	0	0
Net Income (Loss) Available to Common Stockholders, Basic	$ (6,924,000)	$ (9,385,000)	$ (11,828,000)	$ (10,400,000)					$ (38,537,000)	$ (26,177,000)	$ (32,279,000)
Basic and diluted net loss per share (in dollars per share)	$ (0.08)	$ (0.12)	$ (0.15)	$ (0.14)	$ (0.14)	$ (0.08)	$ (0.05)	$ (0.11)	$ (0.48)	$ (0.39)	$ (0.55)

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - Allowance for Doubtful Accounts [Member] - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at beginning of year

$ 1,445

$ 278

$ 474

Additions

^[1]

1,084

1,141

144

Deductions

^[2]

(995)

(16)

(313)

Other

^[3]

(11)

(27)

Balance at end of year

$ 1,523

$ 1,445

$ 278

[1]	Includes charges to costs and expenses, net of any equipment recovered
[2]	Includes deductions for uncollectible accounts receivable, net of any equipment recovered
[3]	Miscellaneous activity for product sales recognized on a cash basis