XML 62 R23.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Share-Based Compensation Plan (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock options' weighted average assumptions | The Company calculates the value of each stock option grant, estimated on the date of grant, using binomial lattice option pricing model. The weighted-average estimated fair value of stock options granted during 2014 and 2013 was $0.96 and $0.77, respectively, using the following weighted-average assumptions:
|  | Years Ended December 31,
|  | 2014 |  | 2013
Risk-free interest rate (%) |  |  | 2.56 | % |  |  | 2.01 | %
Dividend yield |  |  | — |  |  |  | — |
Volatility factor |  |  | 87.44 | % |  |  | 85.93 | %
Expected option life (years) |  |  | 4.6 |  |  |  | 4.7 |
Schedule of stock-based compensation, stock option, activity | The table below presents information related to sock option activity for the years ended December 31, 2014 and 2013:
|  | December 31,
|  | 2014 |  | 2013
Total intrinsic value of stock options exercised |  | $ | 20,684 |  |  | $ | 4,140 |
Cash received from stock option exercises |  |  | 44,771 |  |  |  | 6,480 |
Stcok-based compensation arrangement by stock-based payment award, options, vested and unvested, outstanding and exercisable | Changes in stock options for the years ended December 31, 2014 and 2013 are as follows:
|  |  |  |  |  |  | Outstanding Options
|  |  | Options Available For Grant |  |  |  | Number of Shares |  |  |  | Weighted Average Price Per Share |  |  |  | Remaining Contractual Term (in years) |  |  |  | Intrinsic Value |
Balance at December 31, 2012 |  |  | 62,438 |  |  |  | 1,624,188 |  |  | $ | 2.47 |  |  |  |  |  |  |  |  |
Increase in shares authorized |  |  | 194,442 |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Granted |  |  | (241,900 | ) |  |  | 241,900 |  |  | $ | 1.16 |  |  |  |  |  |  |  |  |
Exercised |  |  | — |  |  |  | (6,000 | ) |  | $ | 1.08 |  |  |  |  |  |  |  |  |
Canceled |  |  | 200,918 |  |  |  | (200,918 | ) |  | $ | 2.41 |  |  |  |  |  |  |  |  |
Balance at December 31, 2013 |  |  | 215,898 |  |  |  | 1,659,170 |  |  | $ | 2.29 |  |  |  |  |  |  |  |  |
Increase in shares authorized |  |  | 194,682 |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Granted |  |  | (382,000 | ) |  |  | 382,000 |  |  | $ | 1.41 |  |  |  |  |  |  |  |  |
Exercised |  |  | — |  |  |  | (31,475 | ) |  | $ | 1.50 |  |  |  |  |  |  |  |  |
Canceled |  |  | 118,637 |  |  |  | (118,637 | ) |  | $ | 2.65 |  |  |  |  |  |  |  |  |
Balance at December 31, 2014 |  |  | 147,217 |  |  |  | 1,891,058 |  |  | $ | 2.09 |  |  |  | 6.33 |  |  | $ | 969,705 |
Exercisable |  |  |  |  |  |  | 1,430,394 |  |  | $ | 2.32 |  |  |  | 5.67 |  |  |  | 526,341 |
Unvested |  |  |  |  |  |  | 460,664 |  |  | $ | 1.42 |  |  |  | 8.17 |  |  |  | 443,364 |
Schedule of stock-based compensation, shares authorized under stock option plans, by exercise price range | The following table summarizes information about stock options outstanding and exercisable at December 31, 2014:
| Options Outstanding |  | Options Exercisable
Range of Exercise Prices | Number of Options Outstanding |  | Weighted Average Remaining Life (Years) |  | Weighted Average Exercise Price |  | Number of Options Exercisable |  | Weighted Average Exercise Price
$0.95 - $1.10 |  | 478,986 |  |  | 8.58 |  | $ | 0.95 |  |  | 212,861 |  | $ | 1.05
$1.20 - $1.25 |  | 58,000 |  |  | 8.50 |  | $ | 1.22 |  |  | 30,583 |  | $ | 1.20
$1.50 - $1.80 |  | 207,088 |  |  | 7.25 |  | $ | 1.71 |  |  | 180,747 |  | $ | 1.72
$1.89 - $2.27 |  | 340,035 |  |  | 6.42 |  | $ | 2.03 |  |  | 275,923 |  | $ | 2.04
$2.35 - $2.74 |  | 225,967 |  |  | 2.00 |  | $ | 2.50 |  |  | 149,298 |  | $ | 2.52
$3.04 - $3.45 |  | 577,792 |  |  | 5.50 |  | $ | 3.08 |  |  | 577,792 |  | $ | 3.08
$6.90 - $7.20 |  | 1,050 |  |  | 3.50 |  | $ | 6.94 |  |  | 1,050 |  | $ | 6.94
$10.00 - $11.70 |  | 1,790 |  |  | 1.67 |  | $ | 10.80 |  |  | 1,790 |  | $ | 10.80
$15.00 |  | 350 |  |  | 0.08 |  | $ | 15.00 |  |  | 350 |  | $ | 15.00
$0.95 - $15.00 |  | 1,891,058 |  |  | 6.33 |  | $ | 2.09 |  |  | 1,430,394 |  | $ | 2.32
Schedule of employee service stock-based compensation, allocation of recognized period costs | The stock-based compensation expense included in the Company’s statement of operations for the years ended December 31, 2014 and 2013, consisted of the following:
|  | Years Ended December 31,
Income Statement Classification |  | 2014 |  | 2013
Cost of revenues |  | $ | 21,597 |  |  | $ | 26,196 |
Research and development |  |  | 54,679 |  |  |  | 72,104 |
Sales and marketing |  |  | 33,030 |  |  |  | 43,970 |
General and administrative |  |  | 95,372 |  |  |  | 107,434 |
|  | $ | 204,678 |  |  | $ | 249,704

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

X
- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -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 S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: 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 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number of fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both options (or share units) currently outstanding and options (or share units) exercisable (or convertible). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration