Non-Employee Share-Based Compensation (Tables)

9 Months Ended

Sep. 29, 2012

Non-Employee Share-Based Compensation Tables

Non-Employee stock options

The following table summarizes the activity of stock options granted to non-employees at September 29, 2012, and changes during the nine months then ended:

			Weighted Average
					Remaining		Aggregate
	Number of		Exercise		Contractual		Intrinsic
	Shares		Price		Term		Value
Outstanding at December 31, 2011		1,097,300	$	1.23
Options Granted		—		—
Options Exercised		—		—
Options Forfeited		—		—
Outstanding at September 29, 2012		1,097,300	$	1.23		5.51	$	81,600
Exercisable at September 29, 2012		1,086,925	$	1.23		5.51	$	80,375

Non-employee restricted stock

The following table summarizes activity of restricted stock awards to non-employees at September 29, 2012 and changes during the nine months then ended:

				Weighted Average
	Shares			Fair Value
Unvested shares at December 31, 2011		1,170,000		$	0.41
Granted		—			—
Vested		(640,000	)		0.48
Forfeited		(30,000	)		0.74
Unvested shares at September 29, 2012		500,000		$	0.64
Expected to Vest as of September 29, 2012		500,000		$	0.64

Warrant award assumptions

The fair value of these warrants was estimated at the date of award using the Black-Scholes based valuation model. The table below outlines the assumptions for the warrants granted.

Nine Months Ended September 29, 2012	2012
Volatility	28.2%
Expected dividends	0.00%
Expected term	2.0 years
Risk-free rate	0.27%