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Stock Based Compensation (Tables)
3 Months Ended
Jun. 30, 2012
Stock Based Compensation  
Schedule of other assumptions used in estimating the fair value of awards granted

 

 

Expected Term

 

5.0 to 6.0 years

 

Volatility*

 

120.57% to 181.46%

*

Risk-Free Rate

 

0.71% to 2.00%

 

Dividend Yield

 

 

 

*                                         The Company’s estimates of expected volatility are based on the historic volatility of the Company’s common stock as well as the historic volatility of the Company’s peers due to the limited availability of historical trading information of the Company itself.

 

Summary of stock option activity under the Plans

 

 

Stock Options

 

Shares (000)

 

Weighted-
Average
Exercise
Price

 

Aggregate
Intrinsic
Value ($000)

 

Weighted-
Average
Remaining
Term (Years)

 

Outstanding at March 31, 2012

 

3,415

 

$

4.25

 

19,636

 

9.74

 

Granted

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

Outstanding at June 30, 2012

 

3,415

 

$

4.25

 

$

 

9.48

 

Vested at June 30, 2012

 

2,400

 

$

4.25

 

$

 

9.49

 

 

Summary of status of the non-vested stock options

 

 

Non-vested Stock Options

 

Shares (000)

 

Weighted Average
Grant Date
Fair Value

 

Non-vested at March31, 2012

 

1,015

 

$

4.77

 

Granted

 

 

 

Vested

 

 

 

Forfeited

 

 

 

Non-vested at June 30, 2012

 

1,015

 

$

3.14