• Filing Date: 2013-08-09
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.8
6. STOCK BASED COMPENSATION (Tables)
6 Months Ended
Jun. 28, 2013
Stock Based Compensation Tables  
Fair Value Assumption

 

  June 28, 2013   June 29, 2012
Expected term (years) 5.0   5.0
Expected volatility 114.1%   116.9%
Dividend yield 0.0%   0.0%
Risk-free rate 0.8%   0.8%

Stock based Compensation

    Number of Shares Under Option   Weighted Average Exercise Price Per Share   Weighted Average Grant Date Fair Value   Aggregate Intrinsic Value
Outstanding, December 28, 2012 4,083,000   $           0.20   $          0.17   $   1,774,460
  Granted 1,500,000   0.20   0.16   375,000
  Forfeited  (68,500)   0.39   0.32    (17,125)
  Expired  (5,000)   0.17   0.15    (400)
Outstanding, March 29, 2013 5,509,500   0.26   0.21     2,131,935
  Forfeited  (563,500)   0.28   0.22    (107,065)
  Expired  (337,000)   0.18   0.15    (1,740)
Outstanding, June 28, 2013 4,609,000   0.26    0.21    $   2,023,130

Nonvested stock options outstanding

     Number of Options    Weighted Average Exercise Price per Share    Weighted Average Grant Date Fair Value    Aggregate Intrinsic Value
Nonvested, December 28, 2012 2,735,750   $           0.17   $          0.15   $    1,483,612
  Granted 1,500,000   0.20   0.16   375,000
  Forfeited  (68,500)   0.39   0.32    (17,125)
Nonvested, March 29, 2013 4,167,250   0.28   0.23        1,841,487
  Vested  (690,250)   0.30   0.25    (131,147)
  Forfeited  (563,500)   0.28   0.22    (107,065)
Nonvested, June 28, 2013 2,913,500   0.28    0.22    $    1,603,275

 

Intrinsic value

   Number of Options    Weighted Average Exercise Price Per Share    Weighted Average Remaining Contractual Life (years)    Aggregate Intrinsic Value  
Outstanding          4,609,000   $           0.26   3.36   $     826,945
Exercisable          1,695,500   0.23   2.19   98,570