STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2015

STOCK-BASED COMPENSATION

Schedule of assumptions used to estimate the fair values of the stock options granted

	Three Months Ended
	March 31, 2015
Risk-free interest rate	1.8		%
Expected volatility	68.4		%
Expected life (in years)	6.9
Forfeiture rate	5.0		%
Dividend yield	—
Weighted-average estimated fair value of options granted during the period	$	0.99

Summary of stock options activity

	Options Outstanding
	Number of Shares	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)	Weighted- Average Grant-Date Fair Value		Aggregate Intrinsic Value(1)
Balance at December 31, 2014	—	$	—	—	$	—	$	—
Options granted	1,964,665	$	1.52	—	$	0.99	$	(177	)
Exercised	—	$	—	—	$	—	$	—
Canceled/forfeited	—	$	—	—	$	—	$	—
Balance at March 31, 2015	1,964,665	$	1.52	9.86	$	0.99	$	(177	)
Vested and exercisable as of March 31, 2015	1,964,665	$	1.52	9.86	$	0.99	$	(177	)
Vested and exercisable as of March 31, 2015 and expected to vest thereafter	1,788,135	$	1.52	9.86	$	0.99	$	(161	)

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the closing stock price of $1.43 of the Company’s common stock on March 31, 2015.

Summary of restricted common stock activity

	Unvested Restricted Shares
	Number of Shares		Weighted- Average Grant-Date Fair Value
Unvested at December 31, 2014	7,379		$
Granted	7,561		$	—
Vested	(7,561	)	$	—
Canceled	—		$	—
Unvested at March 31, 2015	7,379		$
Expected to vest after March 31, 2015	7,379		$

Schedule of stock-based compensation expense

	Three Months Ended March 31,
	2015		2014
Cost of sales	$	—	$	—
Selling, general and administrative expense	$	153	$	613
Research and development expense	$	—	$	—
Total stock-based compensation expense	$	153	$	613
Total option exercise recognized tax benefit	$	—	$	—