Schedule of Share-based Compensation, Stock Options, Activity |
The following table summarizes activity under the Plan during the year ended December 31, 2011: | | | | | | | | | | | Number of Options | | Weighted Average Exercise Price | Balance at January 1, 2011: | | 2,565,001 |
| | $ | 2.08 |
| Granted | | 2,440,500 |
| | 1.17 |
| Exercised | | (30,000 | ) | | (0.76 | ) | Forfeited | | (353,501 | ) | | (1.64 | ) | Expired | | (450,000 | ) | | (6.69 | ) | Balance at December 31, 2011: | | 4,172,000 |
| | $ | 1.10 |
| Exercisable at December 31, 2011 | | 2,131,045 |
| | $ | 1.05 |
|
The following table summarizes the stock options that were issued during the year ended December 31, 2012: | | | | | | | | | Number of Options | | Exercise Price | February 15, 2012 | | 100,000 |
| | $1.45 | April 2, 2012 | | 49,000 |
| | $1.19 | July 2, 2012 | | 227,500 |
| | $0.86 | September 12, 2012 | | 250,000 |
| | $0.98 | October 1, 2012 | | 154,500 |
| | $0.94 | | | 781,000 |
| | |
The following table summarizes activity under the Plan during the year ended December 31, 2012: | | | | | | | | | | | Number of Options | | Weighted Average Exercise Price | Balance at January 1, 2012: | | 4,172,000 |
| | $1.10 | Granted | | 781,000 |
| | $ | 1.01 |
| Exercised | | (20,000 | ) | | (0.50 | ) | Forfeited | | (554,333 | ) | | (1.15 | ) | Expired | | (25,500 | ) | | (5.42 | ) | Balance at December 31, 2012: | | 4,353,167 |
| | $ | 1.05 |
| Exercisable at December 31, 2012 | | 2,762,810 |
| | $ | 1.02 |
|
The following table summarizes activity under the Plan during the year ended December 31, 2010: | | | | | | | | | | | Number of Options | | Weighted Average Exercise Price | Balance at January 1, 2010: | | 3,331,731 |
| | $ | 2.39 |
| Granted | | 125,000 |
| | 0.50 |
| Exercised | | (100,000 | ) | | (0.42 | ) | Forfeited | | (593,499 | ) | | (0.73 | ) | Expired | | (198,231 | ) | | (11.07 | ) | Balance at December 31, 2010: | | 2,565,001 |
| | $ | 2.08 |
| Exercisable at December 31, 2010 | | 2,358,334 |
| | $ | 2.22 |
|
|
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable |
The following summarizes all stock options outstanding at December 31, 2012: | | | | | | | | | | | | Exercise Price Range | | Number of Options Outstanding | | Remaining Weighted-Average Contractual Life | | Weighted–Average Exercise Price | | Number of Options Exercisable | $ 0.00—$ 0.50 | | 40,000 |
| | 5.8 years | | $0.48 | | 40,000 |
| $ 0.51—$ 1.00 | | 1,622,000 |
| | 6.6 years | | $0.78 | | 1,043,333 |
| $ 1.01—$ 1.50 | | 2,492,834 |
| | 7.0 years | | $1.18 | | 1,481,144 |
| $ 1.50—$2.00 | | 198,333 |
| | 0.6 years | | $1.90 | | 198,333 |
| | | 4,353,167 |
| | | | | | 2,762,810 |
|
|