XML 15 R46.htm IDEA: XBRL DOCUMENT v2.4.0.6
EARNINGS PER SHARE (Details) (USD $)
9 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from calculating basic and diluted net loss per common share (in shares) 9,130,254 1,490,986
Number of warrants to purchase common stock (in shares) 7  
Aggregate shares of common stock issued upon exercise of warrants (in shares) 3,142,857  
Common stock vested upon initial warrant (in shares) 1,398,308 612,594
Warrants expiring June 27, 2017 [Member]
   
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Common stock vested upon initial warrant (in shares) 785,714  
Warrants to purchase common stock [Member]
   
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from calculating basic and diluted net loss per common share (in shares) 1,398,308 [1] 612,594 [1]
Stock options to purchase common stock [Member]
   
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from calculating basic and diluted net loss per common share (in shares) 158,409 287,745
Unvested restricted common stock [Member]
   
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from calculating basic and diluted net loss per common share (in shares) 300 1,096
Common stock issuable upon the assumed conversion of our convertible notes payable from June 2012 [Member]
   
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from calculating basic and diluted net loss per common share (in shares) 6,209,369 [2] 0 [2]
Exercise price of warrants (in dollars per share) 0.35  
Common stock issuable upon the assumed conversion of our convertible notes payable from June 2011 and July 2011 [Member]
   
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from calculating basic and diluted net loss per common share (in shares) 378,790 [3] 232,408 [3]
Exercise price of warrants (in dollars per share) 1.20 1.08
Common stock issuable upon the assumed conversion of our Series A preferred stock [Member]
   
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from calculating basic and diluted net loss per common share (in shares) 985,078 [4] 357,143 [4]
Exercise price of warrants (in dollars per share) 0.70  
[1] As part of the June 2012 Note, Inter-Mountain received a total of seven warrants to purchase, if they all vest, an aggregate of 3,142,857 shares of common stock, which number of shares could increase based upon the terms and conditions of the warrants. The initial warrant for 785,714 shares of common stock vested on June 27, 2012 and only such shares of common stock have been included in this Table. Each of the other warrants vest upon the payment by Inter-Mountain of a related Investor Note.
[2] The outstanding principal balance and the accrued and unpaid interest of the June 2012 Note may be converted, at the option of Inter-Mountain, into shares of common stock at a conversion price of $0.35 per share, subject to certain pricing adjustments and ownership limitations. For the purposes of this Table, we have assumed a conversion price of $0.35 per share and no ownership limitations.
[3] The outstanding principal balance of the June 2011 Note and the July 2011 Note may be converted, at the option of Mr. Gray, into shares of common stock at a fixed conversion price of $1.20 per share and $1.08 per shares, respectively. The accrued and unpaid interest for each convertible note payable may be converted, at the option of Mr. Gray, into shares of common stock at a conversion price based upon the average of the five trading days prior to the payment date, which for the purposes of this Table we have assumed to be September 30, 2012.
[4] The outstanding Series A preferred stock and the accrued and unpaid dividends thereon are convertible into shares of the Company's common stock at the Company's option at any time after six-months from the date of issuance of the Series A preferred stock. The conversion price for the holder is fixed at $0.70 per share with no adjustment mechanisms, resets, ratchets, or anti- covenants other than the customary adjustments for stock splits. For the purposes of this Table, we have assumed a conversion price of $0.70 per share.