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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
For stock option and compensation-based warrants granted during 2008, 2011, 2012 and 2013 the following weighted average assumptions were used in determining fair value:
 
 
 
2008
 
 
2011
 
 
2012
 
 
2013
 
Risk-free interest rate
 
 
3.10
%
 
 
2.30
%
 
 
0.78
%
 
 
1.58
%
Dividend yield
 
 
-
%
 
 
-
%
 
 
-
%
 
 
-
%
Expected volatility
 
 
80
%
 
 
163
%
 
 
185
%
 
 
189
%
Expected term in months
 
 
76
 
 
 
81
 
 
 
61
 
 
 
69
 
Schedule of Share-based Compensation, Stock Options, Activity
Option activity under the Plan for the year ended December 31, 2013, was as follows:
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
Weighted-
 
Average
 
 
 
 
 
 
 
Average
 
Remaining
 
Aggregate
 
 
 
 
 
Exercise
 
Contractual
 
Intrinsic
 
 
Options
 
Price
 
Term
 
Value
 
 
 
 
 
 
 
 
(In years)
 
 
 
Year Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2012
 
3,482,188
 
$
1.22
 
 
5.8
 
 
 
 
Granted
 
2,550,000
 
$
0.48
 
 
9.6
 
 
 
 
Exercised
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited/expired
 
-
 
 
-
 
 
 
 
 
 
 
Outstanding at December 31, 2013
 
6,032,188
 
$
0.90
 
 
6.8
 
$
18,671,745
 
Vested and expected to vest December 31, 2013
 
6,032,188
 
$
1.22
 
 
5.8
 
$
18,671,745
 
Exercisable at December 31, 2013
 
4,848,298
 
$
1.0535
 
 
6.2
 
$
14,824,475
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
A summary of options outstanding and exercisable as of December 31, 2013:
 
 
 
 
Options Outstanding
 
Options Exercisable
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
 
Average
 
Weighted
 
 
 
Weighted
 
Range of Exercise
 
Number
 
Remaining
 
Average
 
Number
 
Average
 
Prices
 
Outstanding
 
Contractual Life
 
Exercise Price
 
Exercisable
 
Exercise Price
 
 
 
 
 
 
(Years)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
0.30
 
 
 
56,771
 
 
4.3
 
$
0.30
 
 
56,771
 
$
0.30
 
$
0.33
 
 
 
125,000
 
 
7.5
 
$
0.33
 
 
89,583
 
$
0.33
 
$
0.35
 
 
 
25,000
 
 
8.3
 
$
0.35
 
 
25,000
 
$
0.35
 
$
0.39
 
 
 
25,000
 
 
8.8
 
$
0.39
 
 
25,000
 
$
0.39
 
$
0.46
 
 
 
2,500,000
 
 
9.6
 
$
0.46
 
 
1,423,611
 
$
0.46
 
$
0.53
 
 
 
20,000
 
 
7.1
 
$
0.53
 
 
13,333
 
$
0.53
 
$
0.54
 
 
 
25,000
 
 
9.3
 
$
0.54
 
 
-
 
 
-
 
$
0.90
 
 
 
730,417
 
 
4.3
 
$
0.90
 
 
715,000
 
$
0.90
 
$
1.40
 
 
 
2,500,000
 
 
4.8
 
$
1.40
 
 
2,500,000
 
$
1.40
 
$
1.95
 
 
 
25,000
 
 
9.8
 
$
1.95
 
 
-
 
$
1.95
 
 
 
 
 
 
6,032,188
 
 
5.8
 
$
0.90
 
 
4,848,298
 
$
1.05
 
Warrant
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Stock Options, Activity
Warrant activity under the Plan for the year ended December 31, 2013, was as follows:
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
Weighted-
 
Average
 
 
 
 
 
 
 
 
Average
 
Remaining
 
Aggregate
 
 
 
 
 
 
Exercise
 
Contractual
 
Intrinsic
 
 
 
Warrants
 
Price
 
Term
 
Value
 
 
 
 
 
 
 
 
 
(In years)
 
 
 
 
Year Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2012
 
 
85,620
 
$
0.90
 
 
0.9
 
$
-
 
Granted
 
 
-
 
 
-
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited/expired
 
 
(75,620)
 
 
0.90
 
 
 
 
 
 
 
Outstanding at December 31, 2013
 
 
10,000
 
$
0.90
 
 
4.3
 
$
31,000
 
Vested and expected to vest December 31, 2013
 
 
10,000
 
$
0.90
 
 
0.9
 
$
31,000
 
Exercisable at December 31, 2013
 
 
10,000
 
$
0.90
 
 
0.9
 
$
31,000
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
A summary of warrants outstanding and exercisable as of December 31, 2013:
 
 
 
 
Warrants Outstanding
 
Warrants Exercisable
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
 
 
Average
 
Weighted
 
 
 
Weighted
 
Range of Exercise
 
Number
 
Remaining
 
Average
 
Number
 
Average
 
Prices
 
Outstanding
 
Contractual Life
 
Exercise Price
 
Exercisable
 
Exercise Price
 
 
 
 
 
 
 
(Years)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
0.90
 
 
10,000
 
 
4.3
 
$
0.90
 
 
10,000
 
$
0.90
 
 
 
 
 
10,000
 
 
4.3
 
$
0.90
 
 
10,000
 
$
0.90