Annual report pursuant to section 13 and 15(d)

Description of Stock Plans (Tables)

v2.4.0.8
Description of Stock Plans (Tables)
12 Months Ended
Mar. 31, 2013
Summary of Equity Compensation Plan, Nonvested Options

A summary of the status of the Company’s 2007 Employee, Director and Consultant Stock Plan equity compensation plan, nonvested options as of March 31, 2013 and 2012 pursuant to the Plan, and changes during the years ended March 31, 2013 and 2012 is presented below:

Options

 

(in thousands)    Number of
Shares
     Weighted Average
Grant Date
Fair Value
 

Nonvested at March 31, 2012

     960       $ 9.00   
  

 

 

    

 

 

 

Granted

     —         $ —    

Vested

     —         $ —    

Exercised

     —         $ —    
  

 

 

    

 

 

 

Nonvested at March 31, 2013

     960       $ 9.00   
  

 

 

    

 

 

 
Stock Compensation Expense

Total stock compensation expense for the Company’s 2007 Employee, Director and Consultant Stock Plan equity compensation plan and Amended and Restated 2011 Equity Incentive Plan is included in the following statements of operations components:

 

     Twelve Months Ended
March  31,
2013
     Twelve Months Ended
March  31,
2012
 

Product development

   $ —         $ 69   

Sales and marketing

     —           —     

General and administrative

     707         7,233   
  

 

 

    

 

 

 
   $ 707       $ 7,302   
  

 

 

    

 

 

 
2011 Equity Incentive Plan
 
Summary of Options Granted

The following table summarizes options granted under the Company’s 2011 Equity Incentive Plan for the periods or as of the dates indicated:

 

Options

 

(in thousands)    Number of
Shares
     Weighted Average
Exercise Price
 

Outstanding at March 31, 2012

     —         $ —    
  

 

 

    

 

 

 

Granted

     100       $ 4.20   

Canceled

     67       $ 4.20   

Forfeited

     33       $ 4.20   

Exercised

     —         $ —    
  

 

 

    

 

 

 

Outstanding at March 31, 2013

     —         $ —    
  

 

 

    

 

 

 

Exercisable at March 31, 2013

     —         $ —    
  

 

 

    

 

 

 
Other Incentive Programs
 
Summary of Options Granted

The following table summarizes options granted that are not under the Company’s 2011 Equity Incentive Plan for the periods or as of the dates indicated:

Options

 

(in thousands)    Number of
Shares
     Weighted Average
Exercise Price
 

Outstanding at March 31, 2012

     —        $ —    
  

 

 

    

 

 

 

Granted

     300       $ 4.20   

Canceled

     300       $ 4.20   

Forfeited

     —        $ —    

Exercised

     —        $ —    
  

 

 

    

 

 

 

Outstanding at March 31, 2013

     —         $ —