Quarterly report pursuant to sections 13 or 15(d)

Description of Stock Plans (Tables)

v2.4.0.6
Description of Stock Plans (Tables)
9 Months Ended
Dec. 31, 2012
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:

 

     Nine Months Ended
December 31,
2012
     Nine Months Ended
December 31,
2011
 

Product development

   $ —        $ 69   

Sales and marketing

     —          —    

General and administrative

     630         —    
  

 

 

    

 

 

 
   $ 630       $ 69   
  

 

 

    

 

 

 
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

 

     Number of      Weighted Average  
(in thousands)    Shares      Exercise Price  

Outstanding at March 31, 2012

     —        $ —    
  

 

 

    

 

 

 

Granted

     1,500       $ 0.84   

Canceled

     —        $ —    

Forfeited

     —        $ —    

Exercised

     —        $ —    
  

 

 

    

 

 

 

Outstanding at September 30, 2012

     1,500       $ 0.84   
  

 

 

    

 

 

 

 

(in thousands)    Number of
Shares
     Weighted Average
Exercise Price
 

Granted

     —        $ —     

Canceled

     1,500       $ 0.84   

Forfeited

     —        $ —    

Exercised

     —        $ —    
  

 

 

    

 

 

 

Outstanding at December 31, 2012

     —        $ —    
2007 Employee, Director and Consultant Stock Plan equity compensation plan
 
Summary of Options Granted

The following table summarizes options granted under the Company’s 2007 Employee, Director and Consultant Stock Plan equity compensation plan for the periods or as of the dates indicated:

Option Plans

 

     Number of      Weighted Average  
(in thousands)    Shares      Exercise Price  

Outstanding at March 31, 2012

     4,798       $ 1.80   
  

 

 

    

 

 

 

Granted

     —        $ —    

Canceled

     —        $ —    

Forfeited

     —        $ —    

Exercised

     —        $ —    
  

 

 

    

 

 

 

Outstanding at December 31, 2012

     4,798       $ 1.80   
  

 

 

    

 

 

 

Exercisable at December 31, 2012

     4,798       $ 1.80   
  

 

 

    

 

 

 
Exercise Price for Options Outstanding and Options Exercisable

The exercise price for options outstanding and options exercisable at December 31, 2012 was as follows:

 

Range of Exercise Price

   Weighted
Average
Remaining
Contractual Life
(Years)
     Number
Outstanding and
Exercisable
December 31, 2012
     Weighted
Average
Exercise
Price
     Aggregate
Intrinsic
Value
 

$0      - $1.00

     3.51         2,698       $ 0.47       $ 807,598   

$2.00 - $3.00

     5.47         1,300       $ 2.75       $ —    

$4.00 - $5.00

     5.12         800       $ 4.75       $ —    
     

 

 

       

 

 

 
     4.31         4,798       $ 1.80       $ 807,598   
     

 

 

       

 

 

 
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

 

     Number of      Weighted Average  
(in thousands)    Shares      Exercise Price  

Outstanding at March 31, 2012

     —        $ —    
  

 

 

    

 

 

 

Granted

     500       $ 0.84   

Canceled

     —        $ —    

Forfeited

     —        $ —    

Exercised

     —        $ —    
  

 

 

    

 

 

 

Outstanding at September 30, 2012

     500       $ 0.84   
  

 

 

    

 

 

 

Granted

     —         $ —     

Canceled

     333      $ 0.84   

Forfeited

     —        $ —    

Exercised

     —        $ —    
  

 

 

    

 

 

 

Outstanding at December 31, 2012

     167       $ 0.84