Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation

v2.4.0.8
Stock-Based Compensation
 6 Months Ended
Jun. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-Based Compensation

4. Stock-based Compensation

The Company recognized stock-based compensation on all employee and non-employee awards as follows:

 

     Three Months Ended
June 30, 2013		      Three Months Ended
June 30, 2012		     Six Months Ended
June 30, 2013		     Six Months Ended
June 30, 2012		  

Research and development

    $ 2,504       $ (11,848 )    $ (24,593 )    $ 10,868   

Selling general and administrative

      75,703         8,272        110,415        246,959   
  

 

 

     

 

 

    

 

 

    

 

 

  

Total Stock based compensation

    $ 78,207       $ (3,576 )    $ 85,822      $ 257,827   
  

 

 

     

 

 

    

 

 

    

 

 

  

The Company granted 25,000 and 35,000 stock options, with a weighted-average grant date fair value of $3.32 and $3.41 per share, during the three and six months ended June 30, 2013, respectively. The Company granted -0- and 100,000 stock options, with a weighted-average grant date fair value of $0 and $1.03 per share, during the three and six months ended June 30, 2012, respectively.

During the six months ended June 30, 2013, 8,333 stock options previously granted have vested and 26,050 stock options were forfeited.