XML 114 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2013
Stock-Based Compensation Expense

The following table presents stock-based compensation expense included in the Company’s consolidated statements of comprehensive income (loss):

 

     Three months ended
June 30,
     Six months ended
June 30,
 
     2013      2012      2013      2012  

Cost of product revenue

   $ 11,428       $ 13,368       $ 23,093       $ 22,774   

Research and development

     36,081         64,489         43,721         116,825   

Selling, general and administrative

     265,182         136,940         495,948         316,070   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 312,691       $ 214,797       $ 562,762       $ 455,669   
  

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Option Activity

Information regarding option activity for the six months ended June 30, 2013 under the Plans is summarized below:

 

     Options
Outstanding
    Weighted-
Average
Exercise
Price Per
Share
     Weighted-
Average
Remaining
Contractual
Term
(in years)
     Aggregate
Intrinsic
Value
 

Options outstanding at January 1, 2013

     2,315,090      $ 4.20         

Granted

     388,052        5.86         

Exercised

     (786,254     4.28         

Forfeited/Cancelled

     (121,300     4.28         
  

 

 

         

Options outstanding at June 30, 2013

     1,795,588      $ 4.53         7.14       $ 6,689,614   
  

 

 

         

Options exercisable at June 30, 2013

     865,636      $ 4.31         5.36       $ 3,405,885   
  

 

 

         

Vested and expected to vest at June 30, 2013 (1)

     1,694,909      $ 4.48         7.07       $ 6,388,888   
  

 

 

   

 

 

    

 

 

    

 

 

 

 

(1) This represents the number of vested options as of June 30, 2013 plus the number of unvested options expected to vest as of June 30, 2013 based on the unvested outstanding options at June 30, 2013 adjusted for estimated forfeiture rates of 8% for awards granted to non-executive level employees and 3% for awards granted to executive level employees.