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Stock-Based Compensation Arrangements (Tables)
9 Months Ended
Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Total Compensation Cost Recorded for Stock-Based Compensation
Total stock-based compensation is as follows:
 
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
Stock option grants beginning of period
 
$
19,532
 
$
73,507
 
$
71,497
 
$
168,294
 
Stock-based arrangements during the period:
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock option grants
 
 
3,061
 
 
1,238
 
 
9,170
 
 
1,249
 
Restricted stock issued:
 
 
 
 
 
 
 
 
 
 
 
 
 
Employee stock purchase plan
 
 
1,732
 
 
 
 
3,941
 
 
1,332
 
 
 
$
24,325
 
$
74,745
 
$
84,608
 
$
170,875
Common Stock Weighted Average Purchase Price
The following table details stock option and restricted stock activity for the nine months ended September 30, 2013 and 2012:
 
 
 
Nine Months
Ended
 
 
September 30,
2013
 
 
Nine Months Ended
 
 
September 30,
2012
 
 
 
Shares
 
 
Weighted Avg
Exercise
Price
 
 
Shares
 
 
Weighted Avg
Exercise
Price
 
Outstanding, beginning of period
 
2,302,000
 
$
1.06
 
 
2,228,067
 
$
1.14
 
Stock options granted
 
200,000
 
 
0.29
 
 
81,000
 
 
0.45
 
Stock options exercised
 
(252,000)
 
 
0.32
 
 
 
 
 
Restricted stock exercised
 
(2,500)
 
 
0.00
 
 
(2,500)
 
 
0.00
 
Canceled/Expired
 
(644,350)
 
 
1.08
 
 
(475,800)
 
 
0.55
 
Outstanding, end of period
 
1,603,150
 
$
1.07
 
 
1,830,767
 
$
1.27
 
Exercisable, end of period
 
668,700
 
$
2.07
 
 
1,397,767
 
$
1.49