Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v2.4.1.9
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Options Activity
A summary of the status of our stock options as of December 31, 2014, and changes during the year then ended, is presented below: 
 
Year Ended December 31, 2014
 
Number of
Options
 
Weighted 
Average 
Exercise 
Price
 
Weighted 
Average 
Remaining 
Contractual 
Life
 
Aggregate 
Intrinsic 
Value
Outstanding at beginning of year
4,866,602

 
$
2.38

 
 
 
 

Granted
2,534,605

 
1.56

 
 
 
 

Exercised
(468,000
)
 
0.48

 
 
 
 

Canceled and forfeited
(1,467,443
)
 
2.53

 
 
 
 

Expired
(120,000
)
 
0.53

 
 
 
 

Outstanding at end of year
5,345,764

 
$
2.16

 
7.8 years
 
$
1,502,921

 
 
 
 
 
 
 
 
Exercisable at end of year
1,960,554

 
$
2.23

 
6.1 years
 
$
713,078

Schedule of Unvested Restricted Stock Activity
A summary of the status of our unvested restricted stock as of December 31, 2014, and changes during the year then ended, is presented below:
 
Year Ended
December 31, 2014
 
Number of
Shares
 
Weighted 
Average
Grant-Date
Fair Value
Unvested at beginning of year
634,250

 
$
2.73

Granted
380,250

 
1.48

Vested
(216,250
)
 
3.08

Forfeited
(300,000
)
 
2.26

Expired

 

Unvested at end of year
498,250

 
$
1.91