• Filing Date: 2013-11-07
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.8
6. STOCK BASED COMPENSATION (Tables)
9 Months Ended
Sep. 27, 2013
Share-based Compensation [Abstract]  
Fair Value Assumption
   

September 27,

2013

   

September 28,

2012

 
Expected term (years)     5.0       5.0  
Expected volatility     111.4 %     116.9 %
Dividend yield     0.0 %     0.0 %
Risk-free rate     0.8 %     0.8 %
Stock based Compensation
    Number of Shares Under Options     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  
Forfeited     (97,250 )     0.37       0.30       (39,873 )
Expired     (126,750 )     0.28       0.22       (16,470 )
Outstanding, September 27, 2013     4,385,000       0.26       0.21     $ 1,966,787  
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       (131,148 )
Forfeited     (563,500 )     0.28       0.22       (107,065 )
Nonvested, June 28, 2013     2,913,500       0.28       0.22       1,603,274  
Forfeited     (97,250 )     0.37       0.30       (39,873 )
Nonvested, September 27, 2013     2,816,250       0.27       0.22     $ 1,563,401  
Intrinsic value
    Number of Options     Weighted Average Exercise Price Per Share     Weighted Average Remaining Contractual Life (years)     Aggregate Intrinsic Value  
Outstanding     4,385,000     $ 0.26       3.16     $ 798,643  
Exercisable     1,568,750       0.23       1.98       94,580