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Stockholders Equity (Tables)
6 Months Ended
Jun. 30, 2014
Stockholders Equity [Abstract]  
Stock option activity
A stock option grant allows the holder of the option to purchase a share of the Company’s common stock in the future at a stated price. 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, 2014 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, 2013
  
252,158
  
$
4.80 — $248.64
  
$
57.90
   
7.36
 
Granted
  
   
   
     
Forfeited
  
(52,303
)
 
$
5.92 — $248.64
   
75.99
     
Expired
  
(625
)
 
$
58.56 — $58.56
   
58.56
     
Outstanding at June 30, 2014
  
199,230
  
$
4.80 — $248.64
  
$
53.16
   
7.08
 
Assumptions used to determine the fair value of stock options
There were no options granted during the six months ended June 30, 2014. The estimated fair value of each option award granted during the six month period ended June 30, 2013 was determined on the date of grant using an option pricing model with the following assumptions:
 
 
 
Six months ended
June 30, 2013
 
Dividend yield
 
None
 
Expected volatility
  
86.16% — 93.68%
Weighted average volatility
  
86.21%
 
Risk-free interest rates
  
0.99% — 1.36%
 
Expected life (in years)
  
6.8
 
Restricted stock activity
Restricted stock activity for the six months ended June 30, 2014 is as follows:
 
 
 
Restricted Stock Activity
under the Plans
 
 
 
Restricted
Stock
  
Weighted Average
Grant Date
Fair Value
 
Non-vested at December 31, 2013
  
20,347
  
$
16.84
 
Granted
  
   
 
Vested
  
(17,233
)
  
12.70
 
Forfeited
  
(393
)
  
38.24
 
Non-vested at June 30, 2014
  
2,721
  
$
39.98