Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation

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Stock Based Compensation
 3 Months Ended
Mar. 31, 2013
Stock Based Compensation [Abstract]  
Stock Based Compensation
 (4)           Stock Based Compensation

For the three months ended March 31, 2013, we recognized stock-based compensation expense of $77,000. For the three months ended March 31, 2012 we recognized stock-based compensation expense of $114,000.

The following table summarizes stock-based compensation for the three months ended March 31, 2013 and 2012:
 
 
Three months ended
March 31,
 
 
2013
 
 
2012
 
Research and development
 
$
9,000
 
 
$
42,000
 
Selling, general and administrative
 
 
68,000
 
 
 
72,000
 
Stock-based compensation expense included in operating expense
 
$
77,000
 
 
$
114,000
 

For both the three months ended March 31, 2013 and 2012 we granted no stock options.
 
For the three months ended March 31, 2013 and 2012, stock valued at $29,000 and $302,000, respectively, was granted to directors and officers.