• Filing Date: 2012-11-19
  • Form Type: 10-Q/A
  • Description: Quarterly report (Amendment)
v2.4.0.6
5. STOCK COMPENSATION
9 Months Ended
Sep. 30, 2012
Stock Compensation Details Narratives  
Note 5. STOCK COMPENSATION

Compensation costs related to share-based payment transactions, including employee stock options, are recognized in the financial statements utilizing the straight line method for the cost of these awards.

 

The Company's results for the three month periods ended September 30, 2012 and 2011 include employee share-based compensation expense totaling approximately $23,000 and $85,000, respectively. The Company's results for the nine month periods ended September 30, 2012 and 2011 include employee share-based compensation expense totaling approximately $944,000 and $262,000, respectively.  Such amounts have been included in the Condensed Consolidated Statements of Operations within selling, general and administrative expenses. No income tax benefit has been recognized in the statement of operations for share-based compensation arrangements due to a history of operating losses.

 

The following table summarizes stock-based compensation expense for the three and nine months ended September 30, 2012 and 2011:

 

 

   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2012   2011   2012   2011 
                 
Employee stock-based compensation - option grants  $   $47,197   $238,500   $89,963 
Employee stock-based compensation - stock grants                 14,789 
Non-Employee stock-based compensation - option grants        31,180    77,364    104,232 
Non-Employee stock-based compensation - stock grants   (27,253)       577,388    14,365 
Non-Employee stock-based compensation-stock warrant   50,684    6,372    50,684    38,261 
Total  $23,431   $84,749   $943,936   $261,610