XML 53 R43.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity/(Deficit) (Tables)
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Stock Options Valuation Assumptions

The assumptions used in the Black-Scholes model were as follows for stock options granted in the years ended December 31, 2013, 2012 and 2011:

 

     2013   2012   2011

Risk-free interest rate

   .41-1.28%   .39-.67%   1.51-1.89%

Expected volatility of common stock

   59.2-68.2%   65.3-71.6%   69.0-70.0%

Dividend yield

   0%   0%   0%

Expected life of options

   3.0-4.1 years   3.0-4.1 years   3.0-4.1 years
Summary of Stock Option Activity

Additional information with respect to both plans stock option activity is as follows:

 

     Number of
Shares
    Weighted Average
Exercise Price
 

Outstanding at December 31, 2010

     3,537,236      $ 3.78   

Granted

     633,835      $ 2.74   

Exercised

     —       $ —     

Cancelled

     (771,666   $ 3.50   
  

 

 

   

Outstanding at December 31, 2011

     3,399,405      $ 3.78   

Granted

     771,969      $ 2.85   

Exercised

     (15,150   $ 2.61   

Cancelled

     (736,070   $ 4.42   
  

 

 

   

Outstanding at December 31, 2012

     3,420,154      $ 3.31   

Granted

     1,233,822      $ 2.99   

Exercised

     (204,500   $ 2.24   

Cancelled

     (1,453,600   $ 3.61   
  

 

 

   

Outstanding at December 31, 2013

     2,995,876      $ 3.31   
  

 

 

   

Options exercisable at December 31, 2011

     2,926,930      $ 3.79   
  

 

 

   

Options exercisable at December 31, 2012

     2,754,227      $ 3.44   
  

 

 

   

Options exercisable at December 31, 2013

     2,118,903      $ 2.94   
  

 

 

   
Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2013:

Stock Options Outstanding

 

Range of

Exercise Prices

   Number of
Shares
Outstanding
     Weighted Average
Remaining
Contractual
Life in Years
     Weighted
Average
Exercise
Price
 

$1.74 – $2.74

     1,344,554         2.5       $ 2.69   

$2.89 – $4.00

     1,651,322         3.33       $ 3.13   
  

 

 

    

 

 

    

 

 

 
     2,995,876         2.94       $ 2.93   
  

 

 

    

 

 

    

 

 

 
Estimated Fair Value of Restricted Stock Award

A summary of the status of the restricted stock awards as of December 31, 2013 and changes during the year ended December 31, 2013 is presented as follows:

 

     Number of
Shares
    Weighted Average
Grant Date Fair
Value
 

Unvested at December 31, 2012

     178,807      $ 2.73   

Granted

     411,383      $ 2.89   

Vested

     (402,065   $ 2.81   

Cancelled

     —       $ —     
  

 

 

   

 

 

 

Unvested at December 31, 2013

     188,125      $ 2.89   
  

 

 

   

 

 

 
Summary of Common Stock Warrants Outstanding

The following table summarizes our common stock warrants outstanding at December 31, 2013:

 

Common Stock
Warrants

 

Exercise Price

 

Termination Date

   525,000

  $2.44   4/13/2014

1,562,500

  $3.60   11/9/2016

 

   

2,087,500