Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v2.4.0.6
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2012
Stock-Based Compensation  
Summary of option activity under all plans

 

 

 

 

Number
of Options

 

Weighted
Average
Exercise
Price

 

Average
Remaining
Contractual
Life (Years)

 

Aggregate
Intrinsic
Value

 

Outstanding, December 31, 2011

 

5,602

 

$

0.21

 

 

 

 

 

Granted

 

468

 

0.17

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

Expired

 

(3

)

0.55

 

 

 

 

 

Forfeited

 

(475

)

0.24

 

 

 

 

 

Outstanding, September 30, 2012

 

5,592

 

0.21

 

3.42

 

158,700

 

Exercisable, September 30, 2012

 

4,870

 

0.21

 

2.54

 

111,065

 

Summary of assumptions used for weighted average fair value of options issued

 

 

 

 

Grants Issued in:

 

 

 

2012

 

2011

 

Expected life (years)

 

5.00-6.00

 

1.00–6.00

 

Risk free rate

 

0.19-0.69%

 

0.27–2.65%

 

Volatility

 

204.1-216.2%

 

107.2-132.1%

 

Expected dividend yield

 

None

 

None

 

Value of options granted

 

$0.12-0.17

 

$0.01–0.13