Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation

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Stock Based Compensation
 3 Months Ended
Mar. 31, 2014
Stock Based Compensation [Abstract]  
Stock Based Compensation
(4)            Stock Based Compensation

For the three months ended March 31, 2014, we recognized stock-based compensation expense of $64,000. For the three months ended March 31, 2013 we recognized stock-based compensation expense of $77,000.

The following table summarizes stock-based compensation for the three months ended March 31, 2014 and 2013:
 
Three months ended
March 31,
  
 
2014
  
2013
  
Research and development
  
$
5,000
    
$
9,000
  
Selling, general and administrative
    
59,000
      
68,000
  
Stock-based compensation expense
   included in operating expense
  
$
64,000
    
$
77,000
  

For both the three months ended March 31, 2014 we granted 10,500,000 options and for the three months ended March 31, 2013 we granted no stock options.

For the three months ended March 31, 2014 and 2013, stock valued at $0 and $29,000, respectively, was granted to directors and officers.