Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v2.4.0.6
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2012
Share-Based Compensation [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of stock option activity is presented in the tables below.

 

    Number
of
Shares
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
(in Years)
 
Options outstanding at December 31, 2010     3,540,000     $ 0.794          
Granted     950,000       0.991          
Exercised     (115,015 )     0.333          
Expired     (1,124,985 )     0.747          
Options outstanding at December 31, 2011     3,250,000     $ 0.884          
Granted                    
Exercised     (100,000 )     0.333          
Expired                    
Options outstanding at June 30, 2012     3,150,000     $ 0.901       2.24  
                         
Options exercisable at December 31, 2011     2,587,500     $ 0.856          
Options exercisable at June 30, 2012     2,843,750     $ 0.892       2.00  

 

Total deferred compensation expense for the outstanding value of unvested stock options was approximately $268,000 at June 30, 2012, which is being recognized subsequent to June 30, 2012 over a weighted-average period of approximately eight months.

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The exercise prices of common stock options outstanding and exercisable are as follows at June 30, 2012: 

 

      Options     Options  
Exercise     Outstanding     Exercisable  
Prices     (Shares)     (Shares)  
               
$ 0.333       400,000       400,000  
$ 0.500       200,000       200,000  
$ 0.980       450,000       268,750  
$ 1.000       2,000,000       1,875,000  
$ 1.650       100,000       100,000  
          3,150,000       2,843,750