XML 26 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
11. Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Stockholders Equity Tables  
Share-Based Payment Award, Stock Options, Valuation Assumptions

The fair values of options granted were estimated using the following weighted-average assumptions:

 

  Years Ended
  December 31, 2013 December 31, 2012
Exercise price $0.59 $0.56 - $1.00
Risk free interest rate 1.39% 0.60% to 1.15%
Volatility 32.83% 32.9% - 35.44%
Expected Term 5 Years 5 Years
Dividend yield None None

 

Schedule of Stock Incentive Plan

The following represents the activity under the stock incentive plan as of December 31, 2013 and changes during the two years then ended:

 

    Weighted Average
  Outstanding Options Exercise Price
Outstanding at December 31, 2011 2,057,192 $0.93
    Issued 3,307,192 $0.79
    Forfeitures (249,520) $1.00
Outstanding at December 31, 2012 5,114,864 $0.84
    Issued 525,000 $0.59
Outstanding at December 31, 2013 5,639,864 $0.83
     
Exercisable at December 31, 2013 5,239,864 $0.82

 

Share-Based Payment Award, Warrants, Valuation Assumptions

The fair values of warrants granted were estimated using the following weighted-average assumptions:

  Years Ended
  December 31, 2013 December 31, 2012
Exercise price $0.80 $0.80 - $1.10
Risk free interest rate 1.39% 0.63% to 1.22%
Volatility 33.13% 32.6% - 35.44%
Expected Term 5 Years 4.75 to 5 Years
Dividend yield None None

 

Schedule of Warrants Activity under incentive plan

The following represents the activity under the stock incentive plan as of December 31, 2013 and changes during the two years then ended:

 

  Outstanding Warrants

Weighted Average

Exercise Price

Outstanding at December 31, 2011 10,669,081 $0.78
    Issued 5,325,152 $1.00
    Issued pursuant to GHH acquisition 300,663 $14.65
    Cancelled (44,911) $2.87
Outstanding at December 31, 2012 16,249,985 $1.10
    Issued 2,862,375 $1.12
Outstanding at December 31, 2013 19,112,360 $1.11