XML 37 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
8. SHARE-BASED COMPENSATION
3 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
NOTE 8: SHARE-BASED COMPENSATION

We have a share-based compensation plan, the “2003 Directors, Officers and Consultants Stock Option, Stock Warrant and Stock Award Plan” (the “Plan”). Awards of common stock and options to purchase common stock granted under the Plan have vesting periods of three years and are exercisable for two years once fully vested. Some awards of stock have performance criteria as an additional condition of vesting. Share-based compensation expense related to awards is based on the fair value at the date of grant, and is recognized over the vesting periods, net of estimated forfeitures. The value of performance-based awards is recognized as expense only when it is considered probable that the performance criteria will be met. Under the Plan, the total number of options permitted is 15 percent of issued and outstanding common shares.

 

Summary of Shares of Restricted Stock

 

For the three months ended March 31, 2013 and 2012, we recognized a total of $12 and $30, respectively, of share-based compensation expense related to restricted stock awards, which is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations. The unamortized estimated fair value of non-vested stock awards was $75 at March 31, 2013.

 

Summary of Stock Options

 

For the three months ended March 31, 2013 and 2012, we recognized a total of $28 and $101, respectively, of share-based compensation expense related to outstanding stock option awards, which is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations. The unamortized portion of the estimated fair value of non-vested stock options was $106 at March 31, 2013.