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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2014
Stock-Based Compensation [Abstract]  
Summary of stock-based compensation expense
  Three months ended 
September 30,
  Nine months ended  
September 30,
 
  2014  2013  2014  2013 
Product research and development $73  $69  $433  $187 
Sales and marketing  51   364   302   749 
General and administrative  55   329   859   1,165 
Total stock based compensation expense $179  $762  $1,594  $2,101 

 

   Remaining 
unamortized 
expense at 
September 30, 
2014
 
 Stock-based compensation  $965 
Summary of combined activity under stock option plans
   Number of 
Options 
Outstanding
  Weighted 
Average 
Exercise Price
 
Outstanding at January 1, 2014   1,600,583  $5.22 
Granted   365,000   6.77 
Expired/forfeited   (142,494)  11.74 
Outstanding at September 30, 2014   1,823,089  $5.02 
Summary of assumptions used to value stock options granted to employees and directors

 
 For the nine months
   ended September 30, 2014
   
Annual dividend yield  -
Expected life (years)  1.50 – 4.30
Risk-free interest rate  0.27% - 1.47%
Expected volatility  61% - 109%
Summary of all warrant activity
  September 30, 2014 
Outstanding and exercisable Warrants  Weighted Average Exercise Price  Weighted Average 
Remaining Contractual Life
 
January 1, 2014  828,573  $2.39   2.06 
Granted  2,575,000   5.09   -- 
Expired/cancelled  (40,000)  3.98   -- 
Exercised  (28,500)  2.85   -- 
Outstanding and exercisable, September 30, 2014  3,335,073  $4.45   1.19 
Summary of outstanding warrants to purchase common stock
Outstanding Warrants to Purchase 
Common Stock as of September 30, 2014:
             
Description Issue Date  Exercise Price  Shares  Expiration Date 
                 
August 2009 Employee Warrants  8/25/2009 $0.50   80,000   8/25/2016
2007 Debt Extension Warrants  9/22/2010 $1.00   16,000   9/22/2015
December 2010 Employee Warrants  12/3/2010 $1.63   200,000   12/3/2015
February 2011 Legal Advisor Warrant  2/22/2011 $2.50   80,000   2/22/2016
March  2011 Investor Warrants  3/9/2011 $3.13   349,973   3/9/2016
March  2011 Investor Warrants  4/7/2011 $3.13   34,100   4/7/2016
May 2014 Agent Warrant  5/15/2014 $5.09   75,000   11/15/2015
May 2014 Investor Warrant  5/15/2014 $5.09   2,500,000   11/15/2015
Total Warrants Outstanding          3,335,073