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Share-based Compensation (Tables)
3 Months Ended
Mar. 31, 2013
Non-cash, Share-Based Compensation Expense

For the three month periods ended March 31, 2013 and 2012 and for the period from Inception through March 31, 2013, the Company recognized the following non-cash, share-based compensation expense in the consolidated statement of operations (in thousands):

 

Three Months Ended March 31,

 

Period from December 17, 2001 (date of inception) to March 31, 2013

 

2013

 

2012

 

 

 

 

 

 

 

Research and Development

$              15             

 

$              26             

 

$              605             

Selling, General and Administrative

              27             

 

              65             

 

              1,638             

Restructuring Expense

              0             

 

              0             

 

              387             

Total

$              42             

 

$              91             

 

$              2,630             

 

Summary of Stock Option Activities

Stock option transactions for the three month period ended March 31, 2013 under all plans are as follows:

 

 

# of Options

 

Weighted Average Exercise Price

 

Weighted Average Remaining Contractual Term
(in years)

 

 

 

 

 

 

 

Options outstanding at December 31, 2012

 

              144,019

 

$              18.28             

 

              4.91             

Changes during the period:

 

 

 

 

 

 

Granted

 

              -             

 

              0.00             

 

 

Exercised

 

              -             

 

              0.00             

 

 

Forfeited, cancelled or expired

 

              (6,259)             

 

              16.53             

 

 

Options outstanding at March 31, 2013

 

              137,760             

 

$              18.36             

 

              4.89             

 

 

 

 

 

 

 

Options exercisable at March 31, 2013

 

              123,408             

 

$              18.82             

 

              4.62             

Options vested and expected to vest

 

              136,208             

 

$              18.39             

 

              4.88