XML 48 R12.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Stock-Based Compensation Plans | 9 Months Ended
--- | ---
Sep. 30, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Stock-Based Compensation Plans | (6) STOCK-BASED COMPENSATION PLANS The Company has reserved 3,000,000 shares of common stock for issuance under its 2005 Stock Option Plan (the “Option Plan”). Vesting provisions are determined by the Board of Directors. All stock options under the Option Plan expire no later than ten years from the date of grant. In the three months ended September 30, 2014 and 2013, the Company recorded compensation expense related to stock options of $18 and $29, respectively. Stock-based compensation recorded in the accompanying condensed consolidated statement of operations for the three months ended September 30, 2014 and 2013 included $2 and $2, respectively, in cost of goods sold and $16 and $27, respectively, in selling, general and administrative expenses. In the nine months ended September 30, 2014 and 2013, the Company recorded compensation expense related to stock options of $74 and $98, respectively. Stock-based compensation recorded in the accompanying condensed consolidated statement of operations for the nine months ended September 30, 2014 and 2013 included $6 and $9, respectively, in cost of goods sold and $68 and $89, respectively, in selling, general and administrative expenses. In the nine months ended September 30, 2014, the Company granted options to purchase up to 400,000 shares of common stock to employees at a weighted average exercise price of $0.25. The options have a ten year life and vest over four years. The Company used the Black Scholes option pricing model to determine the fair value of stock option grants, using the following assumptions during the three and nine months ended September 30, 2014:
| 2014 |
Weighted average expected term | 6.25 years |
Weighted average volatility | 113% to 121% |
Weighted average risk-free interest rate | 1.4% to 1.7% |
Dividend yield | 0% |  |
A summary of stock option activity under the Option Plan for the nine months ended September 30, 2014 is presented below:
| Shares Under Option |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |  |  | Aggregate Intrinsic Value |
Outstanding at January 1, 2014 |  | 2,472,216 |  |  | $ | 0.57 |  |  |  |  |  |  |  |  |
Granted |  | 400,000 |  |  | $ | 0.25 |  |  |  |  |  |  |  |  |
Exercised |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Forfeited |  | (1,146,697 | ) |  | $ | 0.42 |  |  |  |  |  |  |  |  |
Outstanding at September 30, 2014 |  | 1,725,519 |  |  | $ | 0.59 |  |  |  | 7.5 years |  |  | $ | - |
Exercisable at September 30, 2014 |  | 608,917 |  |  | $ | 1.06 |  |  |  | 4.9 years |  |  | $ | - |
A summary of status of the Company’s non-vested share awards as of and for the nine months ended September 30, 2014 is presented below:
| Nonvested Shares Under Option |  |  | Weighted Average Grant Date Fair Value |
Non-vested at January 1, 2014 |  | 1,663,593 |  |  | $ | 0.29 |
Granted |  | 400,000 |  |  | $ | 0.22 |
Vested |  | (120,294 | ) |  | $ | 0.71 |
Forfeited |  | (826,697 | ) |  | $ | 0.25 |
Non-vested at September 30, 2014 |  | 1,116,602 |  |  | $ | 0.29 |
As of September 30, 2014, the Company had approximately $174 of unrecognized compensation expense related to stock options that will be recognized over a weighted average period of approximately 3.19 years.

X
- Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration