Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation Plans and Awards (Tables)

v2.4.0.8
Stock-based Compensation Plans and Awards (Tables)
 6 Months Ended
Jun. 30, 2014
Stock-based Compensation Plans and Awards [Abstract]  
Schedule of Fair Value Calculation Assumptions

The per-share fair value of each stock option was determined on the date of grant using the Black-Scholes option pricing model using the following assumptions: 

 

    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2014     2013     2014     2013  
Expected life (in years)     6.08-10.0       6.08       6.08-10.0       5.0-6.08  
Risk-free interest rate     1.90-2.61 %     0.95 %     1.74-2.61 %     0.90-1.13 %
Expected volatility     66.46 %     66 %     65.66-66.46 %     66 %
Expected dividend yield     0 %     0 %     0 %     0 %

  
Allocation of Stock Option Compensation Expense

Total stock-based compensation expense related to options granted to employees and non-employees was included in the unaudited Condensed Consolidated Statements of Operations as follows:

 

    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2014     2013     2014     2013  
    (unaudited)     (unaudited)  
Stock-based compensation expenses:                                
Sales and marketing   $ 43,481     $ 40,249     $ 321,652     $ 2,063  
Research and development     32,533       18,238       120,480       37,893  
General and administrative     150,414       25,879       250,936       50,565  
    $ 326,428     $ 84,366     $ 693,068     $ 170,521