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Share Based Compensation
3 Months Ended
Mar. 31, 2012
Share Based Compensation  
Disclosure of Share Based Compensation [Text Block]

5.  Share-based Compensation

 

Share-based compensation expense has been allocated as follows:

 

 

Three months ended March 31,

 

2012

2011

Cost of goods sold

 

   $               1

   $                -

Sales and marketing

 

                  13

                     4

Research and development

 

                     7

                     4

General and administrative

 

                  30

                  31

 

   $             51

   $             39

 

As of March 31, 2012 the total remaining unrecognized compensation cost related to non-vested stock options, net of forfeitures, was approximately $530.

During the three months ended March 31, 2012 and 2011, we granted 30,000 and 0 stock options respectively. We use judgment in determining the fair value of the share-based payments on the date of grant using an option-pricing model with assumptions regarding a number of highly complex and subjective variables.  These variables include the risk-free interest rate of the awards, the expected life of the awards, the expected volatility over the term of the awards, the expected dividends of the awards, and an estimate of the amount of awards that are expected to be forfeited.  We use the Black-Scholes option pricing model to determine the fair value of share-based payments granted under ASC Topic 718.