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FORM 10-K
SUBSIDIARIES
CONSENT
CERTIFICATION
CERTIFICATION
CERTIFICATION
9. Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Shareholders Equity Tables
Options and Warrants assumptions used
Year Ended December 31,
2013
2012
Expected life (years)
5.41
5.63
Risk-free interest rate
0.73%
1.32%
Volatility
80%
79%
Expected dividend yield
–
–
Stock option activity
Weighted
Number of
Weighted
Average
Shares
Average
Remaining
(in thousands)
Exercise Price
Contractual Term
Options outstanding at the beginning of period
8,652
$
1.58
N/A
Granted
3,040
7.43
N/A
Exercised
(1,413
)
1.50
N/A
Forfeited/Expired
(151
)
4.64
N/A
Options outstanding at the end of period
10,128
$
3.30
6.40 years
Options exercisable at the end of period
5,777
$
2.17
4.96 years