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STOCK BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2014
Stock-Based Compensation Arrangements  
Schedule of stock based compensation expense
    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2013     2014     2013     2014  
General and administrative   $ 60     $ 126     $ 117     $ 255  
Research and development     14       57       29       115  
Stock-based compensation costs before income taxes   $ 74     $ 183     $ 146     $ 370  
Schedule of stock option activity
    Number of
Options
Outstanding
    Weighted
Average
Exercise
Price Per Share
    Weighted
Average
Remaining
Contractual
Term (Years)
    Aggregate
Intrinsic
Value ($000)
 
Options outstanding at December 31, 2013     949,685     $ 15.02       7.38     $ 152  
Granted     54,000     $ 3.09                  
Exercised         $                  
Cancelled/forfeited     (2,387 )   $ 31.08                  
Options outstanding at June 30, 2014     1,001,298     $ 14.34       7.05     $ 8  
Unvested at June 30, 2014     487,253     $ 4.23       9.37     $  
Vested and exercisable at June 30, 2014     514,045     $ 23.92       4.85     $ 6  
 
Schedule of restricted stock units activity
    Restricted Stock
Units (1)
    Weighted Average
Grant
Date Value Per Share
 
Non-vested at December 31, 2013     119,248     $ 5.62  
Granted         $  
Forfeited     (233 )   $ 5.39  
Non-vested at June 30, 2014     119,015     $ 5.62  

 

 

(1) Includes 85,097 restricted stock units issued that will vest upon the fulfillment of certain clinical and financial conditions.