|
Stock-based compensation (Details 2) (USD $)
|
3 Months Ended |
9 Months Ended |
3 Months Ended |
6 Months Ended |
9 Months Ended |
12 Months Ended |
3 Months Ended |
9 Months Ended |
3 Months Ended |
9 Months Ended |
3 Months Ended |
9 Months Ended |
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2012
|
Sep. 30, 2011
|
Sep. 30, 2012
|
Sep. 30, 2011
|
Sep. 30, 2012
Stock options
|
Sep. 30, 2011
Stock options
|
Sep. 30, 2012
Stock options
|
Dec. 31, 2011
Stock options
|
Sep. 30, 2012
Stock options
Maximum
|
Sep. 30, 2012
Stock options
Maximum
|
Sep. 30, 2012
Stock options
Minimum
|
Sep. 30, 2012
Stock options
Minimum
|
Sep. 30, 2012
Stock options
Employees
|
Sep. 30, 2011
Stock options
Employees
|
Sep. 30, 2012
Stock options
Employees
|
Sep. 30, 2011
Stock options
Employees
|
Sep. 30, 2012
Stock options
Non-employees
|
Sep. 30, 2011
Stock options
Non-employees
|
Sep. 30, 2012
Stock options
Non-employees
|
Sep. 30, 2011
Stock options
Non-employees
|
Sep. 30, 2012
Restricted stock
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| Shares |
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|
|
|
|
|
|
|
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|
|
|
|
|
|
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| Outstanding at the beginning of the period (in shares) |
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|
|
|
|
|
617,633 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Granted (in shares) |
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|
|
|
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307,462 |
308,275 |
|
|
|
|
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141,000 |
|
274,840 |
|
|
|
33,435 |
|
|
| Forfeited (in shares) |
|
|
|
|
|
|
(98,366) |
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|
|
|
|
|
|
|
|
|
|
|
|
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| Outstanding at the end of the period (in shares) |
|
|
|
|
827,542 |
|
827,542 |
617,633 |
|
|
|
|
|
|
|
|
|
|
|
|
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| Exercisable at the end of the period (in shares) |
|
|
|
|
115,784 |
|
115,784 |
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|
|
|
|
|
|
|
|
|
|
|
|
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| Vested and expected to vest at the end of the period (in shares) |
|
|
|
|
761,507 |
|
761,507 |
|
|
|
|
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|
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| Weighted average price per share |
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| Outstanding at the beginning of the period (in dollars per share) |
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|
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$ 0.04 |
|
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|
|
|
|
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| Granted (in dollars per share) |
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$ 4.84 |
|
|
|
|
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$ 5.48 |
|
$ 4.91 |
|
|
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$ 4.25 |
|
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| Forfeited (in dollars per share) |
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|
|
|
|
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$ 0.29 |
|
|
|
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|
|
|
|
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| Outstanding at the end of period (in dollars per share) |
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$ 1.80 |
|
$ 1.80 |
$ 0.04 |
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|
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| Exercisable at the end of the period (in dollars per share) |
|
|
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$ 0.34 |
|
$ 0.34 |
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|
|
|
|
|
|
|
|
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| Vested and expected to vest at the end of the period (in dollars per share) |
|
|
|
|
$ 1.78 |
|
$ 1.78 |
|
|
|
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| Weighted average remaining contractual term |
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| Outstanding at the end of the period |
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|
9 years 3 months 14 days |
9 years 9 months 18 days |
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| Exercisable at the end of the period |
|
|
|
|
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|
9 years 14 days |
|
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|
|
|
|
|
|
|
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| Vested and expected to vest at the end of the period |
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9 years 14 days |
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| Aggregate intrinsic value |
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| Outstanding at the end of period |
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|
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$ 3,046,000 |
|
$ 3,046,000 |
$ 2,162,000 |
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|
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|
|
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| Exercisable at the end of period |
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|
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|
595,000 |
|
595,000 |
|
|
|
|
|
|
|
|
|
|
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|
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| Vested and expected to vest at the end of the period |
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2,817,000 |
|
2,817,000 |
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|
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|
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|
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| Shares |
|
|
|
|
|
|
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|
|
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|
|
|
|
|
|
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| Outstanding at the beginning of the period (in shares) |
|
|
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|
|
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|
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2,319,646 |
| Vested (in shares) |
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(509,990) |
| Outstanding at the end of the period (in shares) |
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1,809,656 |
| Weighted-average purchase price per share |
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| Outstanding at the beginning of the period (in dollars per share) |
|
|
|
|
|
|
|
|
|
|
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$ 0.002 |
| Vested (in dollars per share) |
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$ 0.002 |
| Outstanding at the end of the period (in dollars per share) |
|
|
|
|
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|
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$ 0.002 |
| Assumptions used to estimate fair value of each stock-based award on the grant date using the Black-Scholes option pricing model |
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| Risk free interest rate (as a percent) |
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0.90% |
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|
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|
1.20% |
|
0.80% |
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| Volatility (as a percent) |
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|
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|
|
|
|
|
87.00% |
87.00% |
86.00% |
79.00% |
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| Expected term |
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|
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|
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6 years 1 month 6 days |
6 years 1 month 6 days |
6 years |
5 years 1 month 6 days |
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| Additional disclosures |
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| Weighted average grant-date fair value of options granted (in dollars per share) |
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|
|
|
|
|
|
|
|
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|
$ 3.95 |
|
$ 3.52 |
|
|
|
|
|
|
| Stock-based compensation expense (in dollars) |
300,000 |
30,000 |
859,000 |
38,500 |
|
|
|
|
|
|
|
|
79,000 |
418,000 |
196,000 |
418,000 |
221,000 |
30,000 |
662,000 |
38,500 |
|
| Total unrecognized compensation cost related to non-vested stock options and restricted stock (in dollars) |
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|
|
|
$ 3,391,000 |
|
$ 3,391,000 |
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| Weighted average period for recognition of compensation cost related to unvested stock awards |
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2 years 10 months 24 days |
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