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EXCEL - IDEA: XBRL DOCUMENT - VERAMARK TECHNOLOGIES INCFinancial_Report.xls
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v2.4.0.6
Stock-Based Compensation
9 Months Ended
Sep. 30, 2012
Stock-Based Compensation [Abstract]  
STOCK-BASED COMPENSATION
(3) STOCK-BASED COMPENSATION

The Company’s share-based compensation consists of restricted stock and stock options, vesting over periods ranging from one to four years. For the nine months ended September 30, 2012, the Company awarded 104,500 stock options vesting over one to four years. During the first nine months of 2011, the Company awarded 301,875 stock options vesting over one to four years.

 

A summary of the status of the Company’s stock option plan as of September 30, 2012, is as follows:

 

                                         
          Weighted     Weighted     Average        
          Average     Average     Remaining        
          Exercise     Grant-Date     Contractual     Intrinsic  
    Shares     Price     Fair Value     Term (Yrs)     Value  

Outstanding as of December 31, 2011

    1,422,443     $ 0.68     $ 0.64       6.2     $ 32,080  

Granted

    104,500       0.45       0.44               0  

Exercised

    0       0.00                       0  

Canceled

    (55,360     0.61                       (2,710
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Outstanding as of September 30, 2012

    1,471,583     $ 0.67     $ 0.62       5.8     $ 29,370  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Options exercisable at September 30, 2012

    1,061,926     $ 0.71     $ 0.65       4.6     $ 29,370  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

As of September 30, 2012, there was $141,394 of total unrecognized compensation cost related to non-vested stock options granted under the Plan, and $7,020 of unrecognized compensation cost related to non-vested restricted stock grants. The compensation cost for stock options will be recognized over a weighted-average period of 1.5 years. The compensation costs of restricted stock will be recognized over a weighted-average period of 0.5 years.