Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation

Stock-based Compensation

3 Months Ended

Mar. 31, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

4. Stock-based Compensation

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


	Three Months Ended March 31, 2014			Three Months Ended March 31, 2013
Research and development	$	10,037		$	(27,097	)
Selling, general and administrative		(4,492	)		34,712

Total Stock-based compensation	$	5,545		$	7,615

The Company did not grant stock options during the three months ended March 31, 2014. The Company granted 10,000 stock options, with a weighted-average grant date fair value of $3.52 per share, during the three months ended March 31, 2013. During the three months ended March 31, 2014, 10,000 stock options previously granted have vested and 37,142 stock options were forfeited and -0- included in outstanding stock options were exercised.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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