Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation

v2.4.0.8
Stock Based Compensation
 9 Months Ended
Sep. 30, 2013
Stock Based Compensation [Abstract]  
Stock Based Compensation
 (4)           Stock Based Compensation

For the three and nine months ended September 30, 2013, we recognized stock-based compensation expense of $26,000 and $354,000, respectively. For the three and nine months ended September 30, 2012 we recognized stock-based compensation expense of $85,000 and $307,000, respectively.

The following table summarizes stock-based compensation for the three and nine months ended September 30, 2013 and 2012:

   
Three months ended
September 30,
    
Nine months ended
September 30,
  
   
2013
    
2012
    
2013
    
2012
  
Research and development
   $ 9,000     $ 9,000     $ 28,000     $ 83,000  
Selling, general and administrative
     17,000       76,000       326,000       224,000  
           Stock-based compensation expense
   included in operating expense
   $ 26,000     $ 85,000     $ 354,000     $ 307,000  

For both the three and nine months ended September 30, 2013 we granted no stock options. For the three and nine months ended September 30, 2012 we granted 0 and 510,000 stock options, respectively.
 
Our weighted average Black-Scholes fair value assumptions used to value the grants in the first nine months of 2012 are as follows:
     
 
9/30/12
  
Expected life(b)
  5.5 yrs
  
Risk free interest rate
  0.6
%
Expected volatility(a)
  96
%
Expected dividend yield
  0.0
%
     
 
(a)
Reflects movements in our stock price over the most recent historical period equivalent to the expected life.
(b)
Based on the simplified method.