XML 65 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock based Compensation and Stock Option Plan (Tables)
9 Months Ended
Sep. 30, 2012
Stock based Compensation and Stock Option Plan [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]
The Company has recognized stock-based compensation expense of approximately $48 thousand and $78 thousand for the three months ended September 30, 2012 and 2011, respectively. The Company has recognized stock-based compensation expense of approximately $169 thousand and $284 thousand for the nine months ended September 30, 2012 and 2011, respectively. The total non-cash, stock-based compensation expense included in the unaudited condensed consolidated statements of operations for the periods presented is included in the following expense categories:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in thousands)
2012
 
2011
 
2012
 
2011
 
 
 
 
 
 
 
 
Cost of contract research, services
$
6

 
$
5

 
$
16

 
$
16

Cost of goods sold
6

 
17

 
31

 
59

Administrative and selling
36

 
56

 
122

 
209

Total stock-based compensation
$
48

 
$
78

 
$
169

 
$
284

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]
A summary of options outstanding under the Plans as of September 30, 2012 and changes during the nine month period ended September 30, 2012 is as follows:
 
Number of Shares
 
Weighted-Average Exercise Price
 
Average Remaining Contractual Life (Years)
 
Aggregate Intrinsic Value
Options Outstanding at December 31, 2011
793,107

 
$
6.40

 
 
 
 
   Granted
30,000

 
$
0.83

 
 
 
 
   Exercised

 
$

 
 
 
 
   Cancelled/expired
(183,661
)
 
$
7.25

 
 
 
 
Options Outstanding at September 30, 2012
639,446

 
$
6.28

 
6.02
 
$

Options Exercisable at September 30, 2012
568,196

 
$
6.44

 
5.85
 
$

Option vested and expected to vest at September 30, 2012
634,909

 
$
6.45

 
5.84
 
$

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The per-share weighted-average fair value of stock options granted during the three and nine months ended September 30, 2012 was $0.55 and $0.83, respectively, and $1.29 and $2.20 for the three and nine months ended September 30, 2011, respectively, on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
Year
 
Expected
Dividend Yield
 
Risk-Free
Interest Rate
 
Expected
Option Life
 
Expected
Volatility Factor
2012
 

 
0.62%
 
5.1 years
 
92.1%
2011
 

 
1.54%
 
5.1 years
 
77.9%