STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2015

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

NOTE 12—STOCKHOLDERS’ EQUITY

Changes in stockholders’ equity for the six months ended June 30, 2015 are as follows:

	Common Stock				Treasury Stock				Additional Paid—In			Accumulated			Accumulated Other Comprehensive			Total Stockholders’
	Issued		Amount		Acquired	Amount			Capital			Deficit			Loss			Equity
Balance at December 31, 2014	18,065,672		$	181	1,240	$	(57	)	$	230,276		$	(168,618	)	$	(4,059	)	$	57,723
Stock-based compensation	36,967		—		—	—			355			—			—			355
Employee stock purchase plan	946		—		—	—			1			—			—			1
Common stock issuance to Zhenfa, net									(4		)							(4		)
Special dividend	—		—		—	—			—			(20		)	—			(20		)
Fractional shares retired resulting from split	(279	)	—		—	—			—			—			—			—
Net loss	—		—		—	—			—			(5,919		)	—			(5,919		)
Foreign currency translation, net of tax	—		—		—	—			—			—			(1,063		)	(1,063		)
Balance at June 30, 2015	18,103,306		$	181	1,240	$	(57	)	$	230,628		$	(174,557	)	$	(5,122	)	$	51,073

Preferred Stock

The Company’s Board of Directors has authorized 20,000,000 shares of preferred stock, $0.01 par value. At June 30, 2015, there were no shares issued or outstanding.

Common Stock

Reverse Stock Split

As more fully described in Note 1, the Company effected a one-for-three reverse split of its common stock on January 30, 2015.

The Company’s Board of Directors has authorized 200,000,000 shares of common stock, $0.01 par value. At June 30, 2015, there were 18,259,719 shares issued and 18,258,479 shares outstanding of common stock. Each share of common stock is entitled to one vote per share. Included in the 18,258,479 shares outstanding are 18,103,306 shares of common stock and 155,173 shares of unvested restricted common stock.

Treasury Stock

At June 30, 2015, there were 1,240 shares held in treasury that were purchased at a cost of $57.