Equity Based Compensation (Tables)

3 Months Ended

Jun. 30, 2013

Summary of stock option activity under the Plans

A summary of stock option activity under the Plans as of June 30, 2013 and changes during the three months then ended is presented below.

Stock Options	Shares (000)	Weighted- Average Exercise Price	Aggregate Intrinsic Value ($000)	Weighted- Average Remaining Term (Years)
Outstanding at March 31, 2013	9,608	3.20	—	9.20
Granted	100	0.30	—	.11
Exercised	—	—	—	—
Forfeited or expired	1,203	3.01	—	—
Outstanding at June 30, 2013	8,505	3.19	—	8.90
Vested at June 30, 2013	6,573	3.70	—	8.70

Summary of status of the non-vested stock options

A summary of the status of the non-vested stock options as of June 30, 2013, and changes during the three months ended June 30, 2013 is presented below.

Non-vested Stock Options	Shares (000)		Weighted Average Grant Date Fair Value
Non-vested at March 31, 2013	2,994		$	2.06
Granted	100		0.01
Vested	(162	)	0.24
Forfeited	(1,000	)	2.57
Non-vested at June 30, 2013	1,932		$	1.76

Stock Options

Equity Based Compensation

Schedule of assumptions used in estimating the fair value of awards granted

Other assumptions used in estimating the fair value of awards granted through June 30, 2013 included the following:

Expected Term	.11 to 9.76 years
Volatility*	113.4% to 181.5%	*
Risk-Free Rate	0.04% 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 on the Company itself.

Warrants Issued for Services

Equity Based Compensation

Schedule of assumptions used in estimating the fair value of awards granted

Other assumptions used in estimating the fair value of awards granted through June 30, 2013 included the following:

Expected Term	0.6 to 4.9 years
Volatility*	141.2% to 162.3%	*
Risk-Free Rate	0.11% to 1.38%
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 on the Company itself.