This excerpt taken from the BSQR 10-Q filed May 7, 2009.
Stock Option Activity
The following table summarizes stock option activity under the Amended Plan for the three months ended March 31, 2009:
The aggregate intrinsic value represents the difference between the exercise price of the underlying options and the quoted price of the Companys common stock for the number of options that were in-the-money at March 31, 2009. The Company issues new shares of common stock upon exercise of stock options.