Share Capital (Tables)

9 Months Ended

Sep. 30, 2014

Impact on Results of Operations of Recording Stock Based Compensation Expense

The impact on our results of operations of recording stock-based compensation for the three and nine months ended September 30, 2014 and September 30, 2013 was as follows:

	Three months ended September 30,				Nine months ended September 30,
(In thousands of U.S. dollars)	2014		2013		2014		2013
Research and development	$	98	$	77	$	682	$	171
Selling, general and administrative		67		45		425		90
Discontinued operations		—		—		—		3
Stock-based compensation expense before income taxes		165		122		1,107		264
Related income tax benefits		—		—		—		—
Stock-based compensation, net of income taxes	$	165	$	122	$	1,107	$	264

Estimated Compensation Cost Related to Unvested Stock Options

As at September 30, 2014, 688,072 stock options were exercisable (December 31, 2013 – 257,332) and 586,816 stock options were unvested (December 31, 2013 – 1,150,197). As at September 30, 2014, the total estimated unrecognized compensation cost related to unvested stock options and the expected weighted average periods over which such costs are expected to be recognized is as follows:

	September 30, 2014
Unrecognized estimated compensation costs (in thousands of U.S. dollars)	$	1,256
Expected weighted average period of recognition of compensation cost (in months)		36
Expected remaining weighted average period of compensation cost to be recognized (in years)		1.75

Intrinsic Values of Stock Options Exercised and Related Cash from Exercise of Stock Options

The intrinsic values associated with these stock options and the related cash received during the respective periods was as follows:

	Three months ended September 30,				Nine months ended September 30,
(In thousands of U.S. dollars)	2014		2013		2014		2013
Intrinsic value of stock options exercised	$	53	$	—	$	53	$	2,142
Cash from exercise of stock options		556		—		556		7,217

Deferred Share Units [Member]

Impact on Results of Operations of Recording Stock Based Compensation Expense

The impact on our results of operations of recording DSU compensation expense for the three and nine months ended September 30, 2014 and September 30, 2013 was as follows:

	Three months ended September 30,					Nine months ended September 30,
(In thousands of U.S. dollars)	2014			2013		2014		2013
Research and development	$	(10	)	$	22	$	43	$	33
Selling, general and administrative		(16	)		37		102		56
Deferred share unit compensation expense	$	(26	)	$	59	$	145	$	89

RSU's [Member]

Impact on Results of Operations of Recording Stock Based Compensation Expense

The impact on our results of operations of recording RSU compensation expense for the three and nine months ended September 30, 2014 and September 30, 2013 was as follows:

	Three months ended September 30,				Nine months ended September 30,
(In thousands of U.S. dollars)	2014		2013		2014		2013
Research and development	$	5	$	6	$	16	$	6
Selling, general and administrative		9		9		27		9
Restricted stock unit compensation expense	$	14	$	15	$	43	$	15