v2.4.0.8
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Stock Based Compensation Plans (Tables)
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8 Months Ended |
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| Stock Based Compensation Plans [Abstract] |
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| Schedule of Shares Reserved |
C: A summary of the shares reserved for grant and awards available for grant under each Stock Plan is as follows:
| | | | | | | December 31, 2013 | | | Shares Reserved
for Grant | | Awards Available
for Grant | | Incentive Stock Plan | 4,000,000 | | 3,435,000 | | Stock Compensation Plan | 4,000,000 | | 3,925,000 | | | 8,000,000 | | 7,360,000 |
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| Schedule of Assumptions |
The fair value of options granted was estimated using the following weighted-average assumptions:
| | | | | | | For the
Eight-month
Period Ended
December 31, | For the Years Ended April 30, | | | 2013 | 2013 | 2012 | | Expected term (in years) | - | 5.0 | 5.0 | | Expected volatility | -% | 100.0% | 100.0% | | Risk-free interest rate | -% | 0.2% | 0.9% | | Dividend yield | -% | 0.0% | 0.0% |
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| Schedule of Stock Plan Activity |
A summary of activity under the Stock Plans and changes during the eight month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012 is presented below: | | | | | | | | | | | | | | | | | | Weighted-Average | | | | | Shares | | Exercise Price | | Remaining Contractual Term (Years) | | Aggregate Intrinsic Value | | | | | | | | | | | | | | | | | | Outstanding at May 1, 2011 | | | 2,520,000 | | $ | 0.35 | | | 3.36 | | $ | 0.00 | | | Granted | | | 1,130,000 | | | 0.29 | | | | | | | | | Cancelled/forfeited | | | (679,999 | ) | | 0.20 | | | | | | | | | Exercised | | | (60,001 | ) | | 0.20 | | | | | | | | | Outstanding at April 30, 2012 | | | 2,910,000 | | $ | 0.35 | | | 3.12 | | $ | 44,600 | | | Granted | | | 30,000 | | | 0.29 | | | | | | | | | Cancelled/forfeited | | | (695,000 | ) | | 0.20 | | | | | | | | | Outstanding at April 30, 2013 | | | 2,245,000 | | $ | 0.38 | | | 1.49 | | $ | - | | | Granted | | | - | | | - | | | | | | | | | Cancelled/forfeited | | | (1,605,000 | ) | | 0.44 | | | | | | | | | Outstanding at December 31, 2013 | | | 640,000 | | $ | 0.22 | | | 1.63 | | $ | 0.00 | | | Options vested and expected to vest | | | 640,000 | | $ | 0.22 | | | 1.63 | | $ | 0.00 | | | Options exercisable at end of period | | | 500,000 | | $ | 0.21 | | | 1.39 | | $ | 0.00 | |
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| X |
- Definition
Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.
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- Definition
Tabular disclosure of share-based compensation plans that may be presented in a single table for outstanding, vested and expected to vest, and exercisable awards. The information that may be disclosed in this table may include, but is not limited to, number of shares, weighted average exercise price, weighted average remaining contractual life, and aggregate intrinsic value.
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- Definition
Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.
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