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Share-based payments (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Stock Options Activity

Details of stock options activity during the years ended December 31, 2010, 2011 and 2012 were as follows:

 

     Number of
options
    Weighted
average
exercise
price per
share
     Weighted
average
remaining
contractual
term
     Aggregate
fair value
 

Balance as of January 1, 2010

     423,797        3.19            1,253   

Granted

     770,000        5.47            1,924   

Exercised

     (86,673     0.01            (345

Forfeited

     (102,263     2.69            (316

Balance as of December 31, 2010

     1,004,861        2.13            1,253   

Granted

     120,000        1.74            123   

Exercised

     (77,387     0.01            (307

Forfeited

     (28,141     3.81            (78

Balance as of December 31, 2011

     1,019,333        5.32         8.0 years         1,880   

Granted

     1,300,000        1.37            799   

Forfeited

     (683,810     4.04            (968

Balance as of December 31, 2012

     1,635,523        2.36         8.6 years         1,735   

Options exercisable at December 31, 2012

     387,188        5.47         6.8 years         738   
Schedule of Estimated Grant Date Fair Value of Share Options, Using Binomial Tree Option Pricing Model

The Company determined the estimated grant-date fair value of share options based on the Binomial Tree option-pricing model using the following assumptions:

 

     2010   2011   2012

Risk-free rate of return

   2.74%-4.14%   2.35%   1.46%-2.30%

Weighted average expected option life

   10 years   10 years   10 years

Expected volatility rate

   64.00%   102.20%   96.90%-102.00%

Dividend yield

   0 %   0 %   0%
Schedule of Restricted Share Activity

Details of restricted share activity during the years ended December 31, 2010, 2011 and 2012 were as follows:

 

     Number of
restricted  share
Granted
    Grant-date
fair value
     Weighted
average
remaining
contractual
term
 

Balance as of January 1, 2010

     463,779        

Granted

     100,000        605      

Exercised

     (5,910     

Forfeitures

     (204,604     

Balance as of December 31, 2010

     353,265        

Granted

     —          —        

Exercised

     (1,069     

Forfeitures

     (4,334     

Balance as of December 31, 2011

     347,862           7.6 years   

Granted

     181,087        224      

Exercised

     (56,087     

Forfeitures

     (327,601     

Balance as of December 31, 2012

     145,261        200         9.45 years   

Units vested as of December 31, 2012

     16,209        55         6.8 years