Quarterly report pursuant to sections 13 or 15(d)

Shareholders' Equity (Tables)

v2.4.0.8
Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2013
Equity [Abstract]  
Options Granted
Options granted during the six months ended June 30, 2013 were as follows:

Grant Date
 
Expire Date
Shares
Exercise Price
Fair Value(1)
January 28, 2013
(2)(3) 
January 28, 2023
25,000
$
1.40

$
23

January 28, 2013
(2) 
January 28, 2023
2,235,000
$
1.40

$
1,585

February 20, 2013
(2) 
February 20, 2023
10,000
$
1.40

$
7

May 2, 2013
(2) 
May 2, 2023
25,000
$
1.43

$
21

May 9, 2013
(4) 
May 9, 2023
450,000
$
1.46

$
376

(1)
Fair value is calculated using the Black-Scholes option pricing model.
(2)
Options vest in four equal annual installments beginning on the first anniversary of the respective grant dates.
(3)
Compensation expense recognized each period is based on the award's estimated value at the most recent reporting date.
(4)
Options vest on the one year anniversary of the respective grant dates.