Stock Options (Tables)

3 Months Ended

Mar. 31, 2014

Stock Options Tables

Stock options outstanding and exercisable

 The following table summarizes information about stock options outstanding and exercisable at March 31, 2014:

	Number of Share Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years		Aggregate Intrinsic Value(1)
Outstanding at December 31, 2013		5,210,000	$	0.12		2.72	$	—
Granted		—	$	—		—	$	—
Exercised		—	$	—		—	$	—
Forfeited or Cancelled		69,000	$	1.26		—	$	—
Outstanding at March 31, 2014		5,141,000	$	0.10		2.42	$	—
Exercisable at March 31, 2014		632,000	$	0.67		2.65	$	—
Vested and expected to vest (2)		5,141,000	$	0.10		2.42	$	—

(1)	Aggregate intrinsic value represents the value of the closing price per share of our common stock on the last trading day of the fiscal period in excess of the exercise price multiplied by the number of options outstanding or exercisable, except for the “Exercised” line, which uses the closing price on the date exercised.
(2)	Number of shares includes options vested and those expected to vest net of estimated forfeitures.

Unvested share activity

Unvested share activity for the three months ended March 31, 2014 is summarized below:

	Unvested Number of Options			Weighted Average Grant Date Fair Value
Unvested balance at December 31, 2013		4,535,000		$	0.02
Granted		—		$	—
Vested		(25,000	)	$	0.11
Forfeited		—		$	—
Unvested balance at March 31, 2014		4,510,000		$	0.02