Stock-Based Compensation

9 Months Ended

Sep. 30, 2012

STOCK-BASED COMPENSATION:

The Company’s net income for the nine months ended September 30, 2012 and September 30, 2011 included $0.6 million and $0.6 million, respectively, of stock based compensation expense. Stock based compensation for the nine months ended September 30, 2012 included $48,187 related to the extension of the expiration periods of certain stock options due to the reduction in force.



	Nine Months Ended September 30,
Stock Based Compensation	2012		2011
Cost of revenues	$	14,400	$	9,422
General and administrative	544,895		578,936
Research and development	78,192		61,300
Total	$	637,487	$	649,658

During the nine months ended September 30, 2012, the Company granted 835,000 options to employees. During the nine months ended September 30, 2012, 593,625 options expired unexercised.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

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+ Details