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Stock Options and Stock Grants (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Assumptions Used to Calculate Black-Scholes Option Pricing Model for Stock Options Granted

The following table illustrates the various assumptions used to calculate the Black-Scholes option pricing model for options granted for all years presented:

 

     Years Ended December 31,  
     2013     2012  

Weighted-average risk-free interest rates:

     1.9     1.1

Dividend yield:

     0.00     0.00

Weighted-average expected life of the option:

     7 years        7 years   

Weighted-average expected stock price volatility:

     95     86

Weighted-average fair value of the options granted:

   $ 0.34      $ 0.23   
Summary of Option Activity

The following table summarizes the option activity for our employees and directors during the year ended December 31, 2013:

 

Options

   (rounded)

 

Shares

    Weighted
Average
Exercise
Price per
Share
     Weighted
Average
Remaining
Contractual
Term
(years)
     Aggregate
Intrinsic
Value
 

Outstanding on January 1, 2013

     1,857,000      $ 1.69         

Granted

     600,000      $ 0.42         

Exercised

     (23,000   $ 0.30         

Forfeited or expired

     (340,000   $ 1.80         
  

 

 

         

Outstanding on December 31, 2013

     2,094,000      $ 1.30         7.3       $ 188   
  

 

 

         

Exercisable on December 31, 2013

     1,096,000      $ 2.06         5.9       $ 40   
  

 

 

         

Shares available for grant

     980,000