XML 52 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Stockholders' Equity Note [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
During the years ended December 31, 2013, 2012 and 2011, the Company granted stock options to employees and non-employee directors as follows:
 
 
 
For the years ended December 31,
 
 
 
2013
 
2012
 
2011
 
Options granted during period
 
 
985,500
 
 
2,136,000
 
 
1,190,500
 
Weighted average exercise price
 
$
1.10
 
$
3.26
 
$
6.91
 
Weighted average grant date fair value
 
$
0.77
 
$
2.21
 
$
4.60
 
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]
The table below summarizes options outstanding, options vested and aggregate intrinsic value as of December 31, 2013:
 
Total options outstanding under the Plan
 
 
7,156,709
 
Weighted average remaining contractual life (in years)
 
 
5.76
 
Weighted average exercise price per share
 
$
3.52
 
Total options oustanding and vested
 
 
4,728,834
 
Total in-the-money options oustanding
 
 
4,452,709
 
Aggregate intrinsic value of in-the-money options outstanding
 
$
10,638,099
 
Total in-the-money options vested and outstanding
 
 
2,784,459
 
Aggregate intrinsic value of in-the-money options outstanding and vested
 
$
5,369,137
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of the Company’s stock option activity and related information since inception is as follows:
 
 
 
Available
 
Activity/
 
Wtd Avg
 
 
 
For Grant
 
Balance
 
Exercise Price
 
Establish 2002 Option Plan
 
1,085,648
 
-
 
$
0.00
 
Balance at December 31, 2002
 
1,085,648
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
2003 Activity
 
-
 
-
 
$
0.00
 
Balance at December 31, 2003
 
1,085,648
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
Cancel 2002 Stock Option Plan
 
(1,085,648)
 
-
 
$
0.00
 
Establish 2004 Stock Option Plan
 
1,085,648
 
-
 
$
0.00
 
2004 Option grants
 
(363,835)
 
363,835
 
$
0.56
 
Balance at December 31, 2004
 
721,813
 
363,835
 
 
 
 
 
 
 
 
 
 
 
 
 
2005 Plan Amendment
 
410,784
 
-
 
 
 
 
2005 Option grants
 
(761,451)
 
761,451
 
$
2.66
 
2005 Cancellations
 
58,683
 
(58,683)
 
$
2.62
 
2005 Exercises
 
-
 
(14,663)
 
$
0.07
 
Balance at December 31, 2005
 
429,829
 
1,051,940
 
 
 
 
 
 
 
 
 
 
 
 
 
2006 Plan Amendments
 
1,148,568
 
-
 
 
 
 
2006 Option grants
 
(668,085)
 
668,085
 
$
3.61
 
2006 Cancellations
 
8,802
 
(8,802)
 
$
2.62
 
2006 Exercises
 
-
 
(78,683)
 
$
0.06
 
Balance at December 31, 2006
 
919,114
 
1,632,540
 
 
 
 
 
 
 
 
 
 
 
 
 
2007 Plan Amendments
 
1,500,000
 
-
 
 
 
 
2007 Option grants
 
(665,500)
 
665,500
 
$
5.72
 
2007 Exercises
 
-
 
(17,868)
 
$
0.88
 
Balance at December 31, 2007
 
1,753,614
 
2,280,172
 
 
 
 
 
 
 
 
 
 
 
 
 
2008 Option grants
 
(837,500)
 
837,500
 
$
6.11
 
2008 Cancellations
 
148,802
 
(148,802)
 
$
4.95
 
2008 Exercises
 
-
 
(94,230)
 
$
0.63
 
Balance at December 31, 2008
 
1,064,916
 
2,874,640
 
 
 
 
 
 
 
 
 
 
 
 
 
2009 Plan Amendments
 
855,000
 
-
 
 
 
 
2009 Option grants
 
(938,290)
 
938,290
 
$
1.99
 
Balance at December 31, 2009
 
981,626
 
3,812,930
 
 
 
 
 
 
 
 
 
 
 
 
 
2010 Plan Amendments
 
1,200,000
 
-
 
 
 
 
2010 Option grants
 
(861,000)
 
861,000
 
$
3.10
 
2010 Cancellations
 
12,000
 
(12,000)
 
$
2.93
 
Balance at December 31, 2010
 
1,332,626
 
4,661,930
 
 
 
 
 
 
 
 
 
 
 
 
 
2011 Plan Amendments
 
1,200,000
 
-
 
 
 
 
2011 Option grants
 
(1,190,500)
 
1,190,500
 
$
6.91
 
2011 Cancellations
 
40,000
 
(40,000)
 
$
5.07
 
Balance at December 31, 2011
 
1,382,126
 
5,812,430
 
 
 
 
 
 
 
 
 
 
 
 
 
2012 Plan Amendments
 
3,000,000
 
-
 
 
 
 
2012 Option grants
 
(2,136,000)
 
2,136,000
 
$
3.26
 
2012 Exercises
 
-
 
(35,210)
 
$
0.20
 
2012 Cancellations
 
-
 
(837,150)
 
$
4.74
 
Balance at December 31, 2012
 
2,246,126
 
7,076,070
 
 
 
 
 
 
 
 
 
 
 
 
 
2013 Option grants
 
(985,500)
 
985,500
 
$
1.10
 
2013 Exercises
 
-
 
(81,875)
 
$
1.72
 
2013 Cancellations
 
-
 
(822,986)
 
$
4.71
 
Balance at December 31, 2013
 
1,260,626
 
7,156,709
 
 
 
 
Common Stock, Capital Shares Reserved for Future Issuance [Table Text Block]
Common stock reserved for future issuance consists of the following:
 
 
 
December 31,
 
 
 
2013
 
2012
 
Common stock warrants outstanding
 
-
 
2,023,530
 
Common stock options outstanding
 
7,156,709
 
7,076,070
 
Common stock options available for future grants
 
1,260,626
 
2,246,126
 
 
 
8,417,335
 
11,345,726