Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v2.4.0.8
Stock Options (Tables)
12 Months Ended
Dec. 31, 2012
Stock Options [Abstract]  
Summary of stock option activity
                         
    Options     Weighted
Average
Exercise Price
    Weighted
Average
Remaining
Contractual
Term(Years)
 

Outstanding at December 31, 2010:

    447,659     $ 0.27       8.62  

Granted

    1,141,952       2.61          

LecTec stock option from Merger

    464,000       3.48          

Forfeited

    (9,223     (0.06        

Exercised

    (98,700     (0.27        
   

 

 

   

 

 

   

 

 

 

Outstanding at December 31, 2011:

    1,945,688       2.41       7.35  

Granted

    267,576       2.99          

Forfeited

    (354,932     (2.48        

Exercised

    (58,341     (0.27        
   

 

 

   

 

 

   

 

 

 

Outstanding at December 31, 2012

    1,799,991       2.54       7.66  
   

 

 

   

 

 

   

 

 

 

Exercisable at December 31, 2012

    941,876       2.71       7.11  
   

 

 

                 
Non-vested share-based payment activity with employees
                 
    Number of
Options
    Weighted
Average Grant
Date Fair Value
 

Nonvested options — December 31, 2010:

    325,575       0.27  

Granted

    1,141,952       0.42  

Vested

    (195,099     (0.87

Forfeited

    (9,223     (0.004
   

 

 

         

Nonvested options — December 31, 2011:

    1,263,205       1.41  

Granted

    267,576       2.99  

Vested

    (317,734     (1.92

Forfeited

    (354,932     (2.48
   

 

 

         

Nonvested options — December 31, 2012

    858,115       2.36