Share-based Compensation

3 Months Ended

Mar. 31, 2013

5. Share-based Compensation

Wave recognized $437,706 and $1,355,752 of share-based compensation during the three-months ended March 31, 2013 and 2012, respectively. During the three-months ended March 31, 2013, Wave granted 2,231,925 stock options at a weighted-average estimated fair value of $0.68. During the three-months ended March 31, 2012, Wave granted 2,616,250 stock options at a weighted-average estimated fair value of $1.53.

The following table summarizes the effect of share based compensation in Wave’s statement of operations, for the three-month periods ended March 31, 2013 and 2012:

	Three months ended March 31,
	2013		2012
Cost of net revenues	$	8,434	$	11,994
Selling, general & administrative	301,609		971,820
Research & development	127,663		371,938
Total	$	437,706	$	1,355,752

- 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