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Stock Options Plans (Tables)
6 Months Ended
Jun. 30, 2013
Stock Options Plans [Abstract]  
Stock option activity
Options granted under the Plans vest as determined by the Company’s Compensation and Stock Option Committee and expire over varying terms, but not more than ten years from the date of grant. Stock option activity for the six months ended June 30, 2013 is as follows:

 
 
Stock Option Activity under the Plans
 
 
 
Stock
Options
  
Exercise Price
per Share
  
Weighted Average
Exercise
Price
  
Weighted Average Remaining
Life (Years)
 
Outstanding at December 31, 2012
  
4,788,887
  
$
1.23-$15.54
  
$
4.79
   
6.88
 
Granted
  
923,220
  
$
0.46-$2.13
   
2.08
     
Forfeited
  
(517,441
)
 
$
1.31-$8.50
   
3.45
     
Expired
  
(20,000
)
 
$
1.87-$1.87
   
1.87
     
Outstanding at June 30, 2013
  
5,174,666
  
$
0.46-$15.54
  
$
4.45
   
6.75
 

Assumptions used to determine the fair value of stock options
The assumptions used in the option pricing model to determine the fair value of stock options awarded to employees are as follows:

 
 
Six Months Ended June 30,
 
 
2013
 
2012
Dividend yield
 
None
 
None
Expected volatility
 
86.16%-93.68%
 
77.37% - 80.3%
Weighted average volatility
 
86.21%
 
78.91%
Risk-free interest rates
 
0.99%-1.36%
 
0.78% - 1.49%
Expected life (in years)
 
6.8
 
6.0

Restricted stock activity

Restricted stock activity for the six months ended June 30, 2013 is as follows:

 
 
Restricted Stock Activity
under the Plans
 
 
 
Restricted Stock
  
Weighted
Average Grant
Date Fair Value
 
Non-vested at December 31, 2012
  
501,468
  
$
3.26
 
Granted
  
259,750
   
0.43
 
Vested
  
(307,488
)
  
2.54
 
Forfeited
  
(56,985
)
  
4.18
 
Non-vested at June 30, 2013
  
396,745
  
$
1.82