XML 39 R24.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Stockholders' Equity Note [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes the activity of the 2007 Plan for options:
 
 
 
 
 
 
 
 
Weighted Average
 
 
 
 
 
 
Weighted-Average
 
Remaining
 
 
 
Shares
 
Exercise Price
 
Contractual Term
 
 
 
 
 
 
 
Options
 
 
 
 
 
 
 
 
 
 
Outstanding, January 1, 2013
 
 
6,225,612
 
$
2.52
 
 
7.4
 
Granted
 
 
240,000
 
 
1.65
 
 
 
 
Exercised
 
 
(61,756)
 
 
1.21
 
 
 
 
Forfeited
 
 
(390,694)
 
 
2.20
 
 
 
 
Expired
 
 
(39,123)
 
 
2.96
 
 
 
 
Outstanding, December 31, 2013
 
 
5,974,039
 
$
2.52
 
 
6.5
 
Granted
 
 
2,547,585
 
 
1.81
 
 
 
 
Exercised
 
 
(352,718)
 
 
1.29
 
 
 
 
Forfeited
 
 
(635,424)
 
 
2.61
 
 
 
 
Expired
 
 
(143,588)
 
 
3.04
 
 
 
 
Outstanding, December 31, 2014
 
 
7,389,894
 
$
2.31
 
 
6.9
 
Granted
 
 
369,814
 
 
1.66
 
 
 
 
Exercised
 
 
(778,783)
 
 
1.25
 
 
 
 
Forfeited
 
 
(2,712,613)
 
 
2.43
 
 
 
 
Expired
 
 
(77,308)
 
 
3.26
 
 
 
 
Outstanding, December 31, 2015
 
 
4,191,004
 
$
2.36
 
 
6.0
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable, December 31, 2015
 
 
3,284,406
 
$
2.54
 
 
5.3
 
Vested and expected to vest, December 31, 2015
 
 
4,082,212
 
$
2.40
 
 
5.9
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair value for the 2015, 2014 and 2013 awards were estimated at the date of grant using the Black-Scholes option-pricing model using the following assumptions:
 
 
 
December 31,
 
 
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average volatility
 
 
70
%
 
84
%
 
86
%
Risk-free rate
 
 
1.50% - 2.25
%
 
1.51% - 2.25
%
 
0.96% - 1.90
%
Expected annual dividend yield
 
 
-
 
 
-
 
 
-
 
Expected weighted-average life, in years
 
 
5.7
 
 
6.1
 
 
5.6
 
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
  The following table summarizes the activity of the 2007 plan for restricted shares:
 
 
 
Shares
 
Weighted-
Average
Grant Date
Fair Value
 
Aggregate
Intrinsic Value
 
 
 
 
 
 
 
 
 
 
 
 
Restricted shares
 
 
 
 
 
 
 
 
 
 
Outstanding, January 1, 2013
 
 
13,333
 
$
1.59
 
$
14,933
 
Granted
 
 
-
 
 
-
 
 
 
 
Vested
 
 
(6,666)
 
 
1.59
 
 
 
 
Forfeited or expired
 
 
-
 
 
-
 
 
 
 
Outstanding, December 31, 2013
 
 
6,667
 
$
1.59
 
$
12,401
 
Granted
 
 
-
 
 
-
 
 
 
 
Vested
 
 
(6,667)
 
 
1.59
 
 
 
 
Forfeited or expired
 
 
-
 
 
-
 
 
 
 
Outstanding, December 31, 2014
 
 
-
 
$
-
 
$
-
 
Granted
 
 
877,244
 
 
1.77
 
 
 
 
Vested
 
 
-
 
 
-
 
 
 
 
Forfeited or expired
 
 
(25,000)
 
 
1.71
 
 
 
 
Outstanding, December 31, 2015
 
 
852,244
 
$
1.78
 
$
1,619,264
 
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
The warrants outstanding as of December 31, 2015 were as follows:
 
Number of Common Shares
Underlying Warrants
 
Issue Date/Exercisable Date
 
Exercise Price
 
Expiration Date
 
 
 
 
 
 
 
 
 
 
100,778
(1)
March 2007/March 2007
 
$
3.97
 
March 2017
 
903,996
(2)
July 2010/January 2011
 
$
1.63
 
January 2017
 
371,423
(2)
June 2011/June 2011
 
$
3.50
 
June 2016
 
46,584
(1)
March 2012/March 2012
 
$
1.61
 
March 2022
 
1,422,781
 
 
 
 
 
 
 
 
 
(1)
These warrants to purchase common stock are classified as equity.
 
(2)
Because of the presence of net settlement provisions, these warrants to purchase common stock are classified as derivative liabilities. The fair value of these liabilities (see Note 3 – Fair Value Measurements) is remeasured at the end of every reporting period and the change in fair value is reported in the accompanying consolidated statements of operations as other income (expense).