Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Payment Arrangements

v2.4.0.6
Stock-Based Payment Arrangements
 6 Months Ended
Jun. 30, 2012
Stock-Based Payment Arrangements [Abstract]  
Stock-Based Payment Arrangements

5. Stock-Based Payment Arrangements

 

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

 

                                 
    Three Months
Ended
June  30, 		    Three Months
Ended
June  30, 		    Six Months
Ended
June 30, 		    Six Months
Ended
June 30, 		 
    2012     2011     2012     2011  

Research and development

   $ (11,848 )    $ 37,298     $ 10,868     $ 75,141  

Selling, general and administrative

     8,272       689,965       246,959       771,051  
   

 

 

    

 

 

    

 

 

    

 

 

  

Total stock based compensation expense

   $ (3,576 )    $ 727,263     $ 257,827     $ 846,192  
   

 

 

    

 

 

    

 

 

    

 

 

  

The Company granted -0- and 100,000 stock options, with a weighted-average grant date fair value of $0.00 and $1.03 per share, during the three and six months ended June 30, 2012, respectively. The Company granted 280,800 and 300,800 stock options, with a weighted-average grant date fair value of $4.56 and $4.49 per share, during the three and six months ended June 30, 2011, respectively.

During the six months ended June 30, 2012, 160,725 stock options previously granted have vested and 134,666 stock options were forfeited.