XML 31 R30.htm IDEA: XBRL DOCUMENT v3.2.0.727
STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2015
Stockholders' Equity Note [Abstract]  
Schedule of assumptions used in the Black-Scholes Model of stock options

The assumptions used in the Black-Scholes Model during the six months ended June 30, 2015 and 2014 are set forth in the table below.

 

   Six Months Ended June 30,
   2015  2014
Risk-free interest rate   1.47-1.54%   1.70-1.77%
Volatility   58.77-62.94%   69.15-70.93%
Term (in years)   5.27-6.25    5-6.25 
Dividend yield   0.00%   0.00%
Schedule of option activity

A summary of activity under the 2009 and 2012 Plans and related information follows:

 

   Number of Shares Underlying Stock Options  Weighted Average Exercise Price  Weighted   Average   Remaining   Contractual   Life in Years  Aggregate Intrinsic Value
Balance at December 31, 2014   16,792,443   $1.88    6.92   $43,996,311 
Granted   1,231,000   $6.38           
Exercised   (377,867)  $1.30           
Cancelled   (120,376)  $2.87           
Balance at June 30, 2015   17,525,200   $2.20    6.35   $99,168,915 
Vested and Exercisable at  June 30, 2015   13,746,672   $1.56    5.71   $86,604,012