XML 40 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes stock option activity for the years ended December 31, 2012 and 2011:

 

  Number
of shares
  Weighted-
average
exercise price
  Weighted-
average
Contractual
Term
  Aggregate
Intrinsic
Value
 
        (in years)    
Outstanding at January 1, 2011  --   --         
Assumed in Exchange Transaction  4,143  $1,375.18   5.60     
Granted  --   --         
Exercised  --   --         
Forfeited  (364)  197.34         
Expired  (400)  2,951.12         
Outstanding at December 31, 2011  3,379  1,315.62   6.39  $-- 
Granted  46,000   4.40         
Exercised  --   --         
Forfeited  (2,475)  720.45         
Expired  --   --         
Outstanding at December 31, 2012  46,904  $61.08   9.44  $-- 
                 
Vested and expected to vest at December 31, 2012  904  $2,945.09   1.73  $-- 
Exercisable at December 31, 2012  898  $2,963.46   1.70  $-- 
Schedule Of Warrants Activity [Table Text Block]

The following table summarizes warrant activity for the years ended December 31, 2012 and 2011:

 

    Warrants     Weighted-
average
exercise price
    Aggregate
Intrinsic
Value
 
Outstanding at January 1, 2011     --     $ --          
Assumed in Exchange Transaction     393,437       14.74          
Issued     1,232,474       2.25          
Exercised     --       --          
Expired     --       --          
Outstanding at December 31, 2011     1,625,911       5.27     $ --  
Issued     5,156,599       1.21          
Exercised     --       --          
Expired     (1,503 )     2,739.75          
Outstanding at December 31, 2012     6,781,007     $ 1.58     $ 14,563,539  

 

Schedule Of Share Based Compensation Expense [Table Text Block]

The following table summarizes stock-based compensation expense information about stock options and restricted stock for the years ended December 31, 2012 and 2011:

 

  2012  2011 
       
Stock-based compensation expense associated with restricted stock $3,422,182  $86,494 
Stock-based compensation expense associated with option grants  --   -- 
  $3,422,182  $86,494 
Preferred Restricted Stock [Member]
 
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

 

Certain employees had been awarded restricted preferred stock. The restricted stock vesting consisted of milestone and time-based vesting. The following table summarizes restricted share activity for the years ended December 31, 2012 and 2011:

 

    Number of Shares
Restricted Series
A Preferred
Stock(1)
    Weighted
Average
Grant Date
Fair Value
 
Outstanding at January 1, 2011     --     $ --  
Granted     129,375       20.00  
Vested     --       --  
Forfeited     --       --  
Outstanding at December 31, 2011     129,375       20.00  
Granted     --       --  
Vested     --       --  
Forfeited     --       --  
Conversion to restricted common stock     (129,375 )     20.00  
Outstanding at December 31, 2012     --     $ --  

 

(1) The restricted preferred stock listed in the table above was granted in connection with the Exchange Transaction to certain executives as discussed above. Each share of preferred stock was convertible into 8.89 shares of the Company’s Common Stock. In conjunction with the reverse split effected on April 30, 2012 (as discussed in Note 1), all outstanding restricted Preferred Stock automatically converted to 1,150,000 shares of restricted Common Stock as of that date.

Common Restricted Stock [Member]
 
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

Certain employees, directors and consultants have been awarded restricted Company Common Stock. The restricted stock vesting consists of milestone and time-based vesting. The following table summarizes restricted share activity for the years ended December 31, 2012 and 2011:

 

 
    Number of Shares     Weighted
Average
Grant Date
Fair Value
 
Outstanding at January 1, 2011     --     $ --  
Granted     --       --  
Vested     --       --  
Forfeited     --       --  
Outstanding at December 31, 2011     --       --  
Converted preferred stock     1,150,000       2.25  
Granted     5,901,743       4.77  
Vested     (437,500 )     2.25  
Forfeited     --     --  
Outstanding at December 31, 2012     6,614,243     $ 4.49