• Filing Date: 2014-08-14
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.8
5. STOCK COMPENSATION
6 Months Ended
Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
5. STOCK COMPENSATION

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 June 30, 2014 and 2013 include employee share-based compensation expense totaling approximately $551,000 and $946,000, respectively. The Company's results for the six month periods ended June 30, 2014 and 2013 include employee share-based compensation expense totaling approximately $1,642,000 and $1,052,000, 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 six months ended June 30, 2014 and 2013 (unaudited):

   

    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2014     2013     2014     2013  
                         
Employee stock-based compensation - option grants   $ 14,791     $ 93,769     $ 29,582     $ 123,321  
Employee stock-based compensation - stock grants                                
Non-Employee stock-based compensation - option grants     214,748       199,393       920,261       229,600  
Non-Employee stock-based compensation - stock grants     321,603       616,872       370,748       625,497  
Non-Employee stock-based compensation-stock warrant             35,428       321,603       73,224  
Total   $ 551,142     $ 945,642     $ 1,642,194     $ 1,051,642