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Equity (Tables)

3 Months Ended

Mar. 31, 2014

Summary of the status of the Company's common stock warrants

The following table summarizes the status of the Company’s common stock warrants at March 31, 2014 and changes during the three months then ended:

Common Stock Warrants	Number of Underlying Shares		Weighted Average Exercise Price Per Share
Outstanding at December 31, 2013	5,263,578		$	12.10
Granted during period	—		—
Expired during period	(1,831,929	)	19.00
Exercised during period	—		—
Outstanding at March 31, 2014	3,431,649		$	8.42

Equity Plan

Schedule of status of the restricted stock grants issued under the Equity Plan

The following table summarizes the status of the Company’s restricted stock grants issued under the Equity Plan at March 31, 2014 and changes during the three months then ended:

Restricted Stock Grants	Number of Shares		Weighted Average Grant Date Fair Value Per Share
Outstanding at December 31, 2013	915,971		$	2.47
Granted during the period	—		—
Restrictions lifted during the period	(8,833	)	8.64
Forfeited during the period	—		—
Outstanding at March 31, 2014	907,138		$	2.41

Schedule of status of the stock option grants issued under the Equity Plan

The following table summarizes the status of the Company’s stock option grants issued under the Equity Plan at March 31, 2014 and changes during the three months then ended:

Equity Plan Options	Number of Shares		Weighted Average Exercise Price Per Share
Outstanding at December 31, 2013	110,810		$	8.02
Granted during period	—		—
Forfeited or expired during period	(15,000	)	—
Exercised during period	—		—
Outstanding at March 31, 2014	95,810		8.02
Exercisable at end of period	95,810		8.02
Granted and vested	95,810		8.02

Deferred Compensation Plan

Schedule of status of the RSU grants issued under the Deferred Compensation Plan

The following table summarizes the status of the RSU grants issued under the Deferred Compensation Plan at March 31, 2014 and changes during the three months then ended:

Restricted Stock Units	Number of Shares	Weighted Average Grant Date Fair Value Per Share
Outstanding at December 31, 2013	585,285	$	2.97
Granted during the period	—	—
Restrictions lifted during the period	—	—
Forfeited during the period	—	—
Outstanding at March 31, 2014	585,285	$	2.97

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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