XML 50 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stockholders' Equity (Tables)
11 Months Ended
Sep. 30, 2012
Stockholders' Equity [Abstract]  
Summary of warrant activity
                 
    Number
of warrants
    Weighted-average
exercise price
 

Oustanding and exercisable at September 30, 2011

    132,189     $ 0.91  

Issued

    —            

Exercised

    (125,522   $ 0.91  

Expired

    —            
   

 

 

         

Oustanding and exercisable at September 30, 2012

    6,667     $ 0.91  
   

 

 

         
The fair value calculations for stock-based compensation awards to employees
         
    2012   2011

Risk-free interest rate

  0.35% - 1.06%   0.26% - 2.26%

Expected life (years)

  5   5.5

Expected volatility

  110%   193%

Expected dividends

  None   None
Stock-based compensation expense related to stock options and restricted stock unit awards
                 
    2012     2011  

Sales and marketing

  $ 471,716     $ 235,710  

Research and development

    592,249       290,239  

General and administrative

    1,535,893       745,289  
   

 

 

   

 

 

 

Stock-based compensation expense included in operating expenses

  $ 2,599,858     $ 1,271,238  
   

 

 

   

 

 

 
Summary of vested and unvested options, weighted average exercise price per share, weighted average remaining term and aggregate intrinsic value
                                 
    Number of Shares     Weighted Average
Exercise Price Per
Share
    Weighted Average
Remaining
Contractual Life
(in Years)
    Aggregate Intrinsic
Value
 

Vested

    2,074,410     $ 1.44       4.72     $ 4,322,186  

Unvested

    1,437,876     $ 6.20       8.97       440,698  
   

 

 

                   

 

 

 

Total

    3,512,286     $ 3.39       6.46     $ 4,762,884  
   

 

 

                   

 

 

 
Stock option activity under the Company's equity plans
                         
    Number of
Shares
    Weighted Average
Exercise Price Per
Share
    Weighted Average
Remaining
Contractual Term
(in Years)
 

Outstanding, September 30, 2010

    4,534,328     $ 0.66       6.21  

Granted

    976,531     $ 3.70          

Exercised

    (942,639   $ 0.53          

Cancelled

    (14,316   $ 0.57          
   

 

 

                 

Outstanding, September 30, 2011

    4,553,904     $ 1.34       6.15  

Granted

    1,095,750     $ 8.54          

Exercised

    (1,812,215   $ 0.81          

Cancelled

    (325,153   $ 6.41          
   

 

 

                 

Outstanding, September 30, 2012

    3,512,286     $ 3.39       6.46  
   

 

 

                 
Significant ranges of outstanding and exercisable options

The following table summarizes significant ranges of outstanding and exercisable options as of September 30, 2012:

 

                                                 

Range of

Exercise Prices

  Number of
Options
Outstanding
    Weighted
Average
Remaining
Contractual Life
(in Years)
    Weighted
Average
Exercise Price
    Number of
Exercisable
Options
    Weighted
Average
Exercise Price of
Exercisable
Options
    Number of
Unvested
Options
 

$0.09 to $0.70

    358,840       5.27       $0.33       358,840       $0.33       —    

$0.79 to $0.82

    787,319       5.43       $0.80       695,145       $0.80       92,174  

$1.06 to $2.32

    729,302       2.56       $1.21       729,302       $1.21       —    

$2.60 to $5.90

    948,575       8.76       $3.34       199,448       $2.74       749,127  

$6.39 to $11.68

    688,250       9.22       $10.30       91,675       $9.54       596,575  
   

 

 

                   

 

 

           

 

 

 
      3,512,286       6.46       $3.39       2,074,410       $1.44       1,437,876  
   

 

 

                   

 

 

           

 

 

 
Number of stock options outstanding under prior plans
         

2000 Stock Option Plan

    317,812  

2002 Stock Option Plan

    255,663  

2006 Stock Option Plan

    405,490  

2010 Stock Option Plan

    1,410,321  
   

 

 

 

Total stock options outstanding under the Prior Plans

    2,389,286  
   

 

 

 
Restricted stock units activity under Company's plan
                 
    Number of
Shares
    Weighted Average
Fair Market Value
Per Share
 

Outstanding, September 30, 2010

    —         —    

Granted

    300,000     $ 5.12  

Settled

    —         —    

Cancelled

    —         —    
   

 

 

         

Outstanding, September 30, 2011

    300,000     $ 5.12  

Granted

    255,835     $ 8.44  

Settled

    —         —    

Cancelled

    (40,001   $ 11.05  
   

 

 

         

Outstanding, September 30, 2012

    515,834     $ 6.30