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EQUITY (Tables)

3 Months Ended

Mar. 31, 2013

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

A summary of stock option activity for the three months ended March 31, 2013 is as follows:



	Number of Options (in shares)	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Outstanding at December 31, 2012	1,311,397	$	5.20
Granted	46,461	$	7.19
Exercised	—	$	—
Forfeited or expired	—	$	—
Outstanding at March 31, 2013	1,357,858	$	5.27	4.1 years	$	3,076
Exercisable at March 31, 2013	1,010,688	$	4.40	4.4 years	$	2,984

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of the options granted was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted average assumptions:



Risk-free interest rate	1.3	%
Expected term of options	6.7 years
Expected annual volatility	57	%
Expected dividend yield	2.0	%

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

Stock-based compensation expense included in the Company’s Condensed Statements of Operations for the three month periods ended March 31, 2012 and 2013 was as follows:



	Three months ended March 31,
	2012		2013
Research and development expenses, net of credits	$	—	$	10
Selling, general and administrative expenses	142		271
Total stock-based compensation expense	$	142	$	281

Changes in outstanding warrants to purchase common stock [Table Text Block]

The Company previously issued warrants at exercise prices equal to or greater than market value of the Company’s common stock at the date of issuance. A summary of warrant activity follows:



	Number of Warrants (in shares)		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life
Outstanding at December 31, 2012	28,750		$	3.68
Granted	—
Exercised	(2,954	)	$	3.68
Forfeited or expired	(2,796	)	$	3.68
Outstanding at March 31, 2013	23,000		$	3.68	2.7 years

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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