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STOCK BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2012
STOCK BASED COMPENSATION  
Schedule of stock based compensation expense

 

 

 

For the three months
ended September 30,

 

For the nine months
ended September 30,

 

 

 

2011

 

2012

 

2011

 

2012

 

 

 

($000s)

 

Research and development

 

39

 

16

 

130

 

49

 

General and administrative

 

171

 

59

 

515

 

202

 

Income (loss) from discontinued operations, net of tax

 

11

 

1

 

32

 

36

 

Stock-based compensation costs before income taxes

 

221

 

76

 

677

 

287

 

Schedule of stock option activity

 

 

 

Options

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term
(years)

 

Aggregate
Intrinsic
Value

 

 

 

 

 

 

 

 

 

($000s)

 

Options outstanding at December 31, 2011

 

502,253

 

$

26.11

 

6.44

 

140

 

Granted

 

33,571

 

$

3.29

 

 

 

 

 

Exercised

 

(15,438

)

$

3.06

 

 

 

 

 

Expired

 

 

 

 

 

 

 

Cancelled / forfeited

 

(39,970

)

$

20.03

 

 

 

 

 

Options outstanding at September 30, 2012

 

480,415

 

$

25.76

 

5.84

 

212

 

Unvested at September 30, 2012

 

77,607

 

$

9.00

 

8.67

 

36

 

Vested and exercisable at September 30, 2012

 

402,808

 

$

28.99

 

5.30

 

176

 

 

Schedule of assumptions for stock option grants to employees and directors

 

 

 

For the nine months
 ended September 30,

 

 

 

2011

 

2012

 

Expected term

 

5 – 6 yrs.

 

6 yrs.

 

Risk free interest rate

 

1.47 – 2.29%

 

0.95%

 

Expected volatility

 

93 – 99%

 

98%

 

Expected dividend yield over expected term

 

 

 

Resulting weighted average grant fair value

 

$8.05

 

$2.52

 

 

Schedule of restricted stock activity

 

 

 

Restricted Stock

 

Weighted Average Grant
Date Value Per Share

 

Non-vested at December 31, 2011

 

1,632

 

$

3.08

 

Vested

 

(1,341

)

$

3.08

 

Non-vested at September 30, 2012

 

291

 

$

3.08

 

 

Schedule of restricted stock units activity

 

 

 

Restricted Stock Units

 

Weighted Average Grant
Date Value Per Share

 

Non-vested at December 31, 2011

 

36,463

 

$

5.60

 

Granted

 

12,281

 

$

3.85

 

Forfeited

 

(6,904

)

$

4.99

 

Vested

 

(2,010

)

$

3.08

 

Non-vested at September 30, 2012

 

39,830

 

$

5.32