Stock-Based Compensation

12 Months Ended

Dec. 31, 2013

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Note 9 – Stock-Based Compensation

We have five stock option plans, as summarized below. Options issued under these plans have a term of 10 years. The plans allow for exercise prices of options issued under the Option Plans to be set at amounts less than the fair market value per share of our common stock on the date of grant. Options may be granted with any vesting schedule as approved by the stock option committee of our Board of Directors, but generally the vesting periods range from immediate to 5 years. Common shares required to be issued on the exercise of stock options would be issued from our authorized and unissued shares. We have not registered the 600,000 shares underlying the options in the 2005 Plan and as a result, all 600,000 options remain available for issuance. Generally, the stock option plans provide for issuance of awards to employees, former employees, consultants, and non-employee directors.

			Shares Available For
		Shares Reserved	Issuance at
Plan	Date Adopted	For Issuance	December 31, 2013
2011 Stock Incentive Plan	April 7, 2011	2,000,000	1,250,105
2005 Stock Option Plan	December 16, 2005	600,000	600,000
2003 Stock Option Plan	September 24, 2003	1,500,000	1,102,387
2003 Stock Incentive Plan	October 31, 2003	300,000	300,000
2002 Stock Option Plan	June 6, 2002	100,000	100,000
			3,352,492

No stock-based awards were issued during the year ended December 31, 2013. The fair value of stock-based awards issued during the year ended December 31, 2012 was estimated using the Black-Scholes-Merton model with the following weighted-average assumptions:  

Volatility	156%-169%
Expected dividends	-
Expected term (in years)	5.8
Risk-free rate	2.7%-2.9%

A summary of the transactions during the year ended December 31, 2013 with respect to our stock option plans follows:

						Weighted-
						Average
			Weighted-			Contractual
			Average		Aggregate	Life
			Exercise		Intrinsic	Remaining
	Shares		Price		Value	in Years
	(in thousands)				(in thousands)
Outstanding at January 1, 2012	1,340	$	0.017
Forfeited	(167)	$	0.012
Outstanding at December 31, 2013	1,173	$	0.017	$	-	7.7
Exercisable at December 31, 2013	938	$	0.018	$	-	7.5

Total stock-based compensation expense for the years ended December 31, 2013 and 2012 was $1,000 and $14,000, respectively As of December 31, 2013, the total unrecognized compensation cost related to non-vested stock options was $2,000, net of expected forfeitures. The unrecognized compensation expense is expected to be recognized over a weighted-average period of 0.9 years.

The following table summarizes information about our stock options outstanding as of December 31, 2013:

Options Outstanding					Options Exercisable
		Weighted-				Weighted-
		Average	Weighted-			Average
	Number of	Remaining	Average		Number of	Exercise
Exercise Prices	Shares	Life	Exercise Price		Shares	Price
	(in thousands)	(in years)			(in thousands)
$0.008	200	8.7	$	0.008	52	$	0.008
$0.014 to $0.017	884	7.5	$	0.015	797	$	0.016
$0.050	89	7.2	$	0.047	89	$	0.047
	1,173	7.7	$	0.017	938	$	0.018