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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2012
Stockholders' equity [Abstract]  
Restricted stock unit activity
                         
    Number of Units     Weighted Average
Grant-Date Fair
Value
    Aggregate Intrinsic
Value
 

Balance at December 31, 2011

    1,096       4.76          

Granted

    637,148       5.29          

Vested

    —         —            

Forfeited

    (19,025     4.79          
   

 

 

                 

Balance at September 30, 2012

    619,219       5.29     $ 3,740,083  
   

 

 

                 
Summary of stock options activity
                                 
    Number of
options
    Weighted Average
Exercise Price
    Weighted Average
Remaining
Contractual Life
(years)
    Aggregate
Intrinsic Value
 

Balance at December 31, 2011

    7,576,493     $ 5.75                  

Granted

    —         —                    

Exercised

    (443,136     4.71                  

Expired/terminated

    (370,285     7.91                  
   

 

 

                         

Balance at September 30, 2012

    6,763,072       5.92       5.19       6,778,568  
   

 

 

                         

Exercisable at September 30, 2012

    5,591,287       6.17       4.69       5,258,785  
   

 

 

                         

Expected to vest after September 30, 2012

    818,240       4.64       7.76       1,139,383  
   

 

 

                         
Weighted-average fair value per share of options granted
                 
    Three Months
Ended Sept 30,
    Nine Months
Ended Sept 30,
 
    2011     2011  

Expected life of options

    4.5 years       4.5 years  

Weighted average volatility

    54.4     55.6

Weighted average risk-free interest rate

    0.9     1.7

Weighted average fair value of options granted

  $ 1.97     $ 2.16  
Reported share-based compensation
                                 
    Three Months Ended September 30,     Nine Months Ended Sept 30,  
    2012     2011     2012     2011  

Cost of products sold

  $ 38,085     $ 30,238     $ 133,977     $ 135,217  

Sales, general and administrative expenses

    657,870       518,513       1,631,234       1,891,258  

Research and development expenses

    153,433       144,769       431,839       506,969  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total share-based compensation

  $ 849,388     $ 693,520     $ 2,197,050     $ 2,533,444