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These excerpts taken from the DDDC 10-K filed Apr 15, 2009. Stock-based
compensation
In
January 1, 2006, the Company adopted the provisions of SFAS No. 123 (revised
2004), “Share-Based Payment” (SFAS No. 123(R)). SFAS No. 123(R) requires
employee share-based equity awards to be recognized and measured using the fair
value method. Accordingly, stock-based compensation to employees and directors
is measured at the grant date, based on the fair value of the
award.
The
following assumptions were used for the fiscal year 2008: dividend yield of
0.00% for all periods; risk-free interest rate of 4.0%; an expected life of
3-years for all periods; and a volatility rate of 75%.
Because
the determination of the fair value of all options granted includes an expected
volatility factor and since additional option grants are expected to be made
each year, the above pro forma disclosures are not representative of the pro
forma effects of reported net income for future years.
Stock-based
compensation
In
January 1, 2006, the Company adopted the provisions of SFAS No. 123 (revised
2004), “Share-Based Payment” (SFAS No. 123(R)). SFAS No. 123(R) requires
employee share-based equity awards to be recognized and measured using the fair
value method. Accordingly, stock-based compensation to employees and directors
is measured at the grant date, based on the fair value of the
award.
The
following assumptions were used for the fiscal year 2008: dividend yield of
0.00% for all periods; risk-free interest rate of 4.0%; an expected life of
3-years for all periods; and a volatility rate of 75%.
Because
the determination of the fair value of all options granted includes an expected
volatility factor and since additional option grants are expected to be made
each year, the above pro forma disclosures are not representative of the pro
forma effects of reported net income for future years.
Stock-based compensation In January 1, 2006, the Company adopted the provisions of SFAS No. 123 (revised 2004), “Share-Based Payment” (SFAS No. 123(R)). SFAS No. 123(R) requires employee share-based equity awards to be recognized and measured using the fair value method. Accordingly, stock-based compensation to employees and directors is measured at the grant date, based on the fair value of the award. The following assumptions were used for the fiscal year 2008: dividend yield of 0.00% for all periods; risk-free interest rate of 4.0%; an expected life of 3-years for all periods; and a volatility rate of 75%. Because the determination of the fair value of all options granted includes an expected volatility factor and since additional option grants are expected to be made each year, the above pro forma disclosures are not representative of the pro forma effects of reported net income for future years. Stock-based compensation In January 1, 2006, the Company adopted the provisions of SFAS No. 123 (revised 2004), “Share-Based Payment” (SFAS No. 123(R)). SFAS No. 123(R) requires employee share-based equity awards to be recognized and measured using the fair value method. Accordingly, stock-based compensation to employees and directors is measured at the grant date, based on the fair value of the award. The following assumptions were used for the fiscal year 2008: dividend yield of 0.00% for all periods; risk-free interest rate of 4.0%; an expected life of 3-years for all periods; and a volatility rate of 75%. Because the determination of the fair value of all options granted includes an expected volatility factor and since additional option grants are expected to be made each year, the above pro forma disclosures are not representative of the pro forma effects of reported net income for future years. These excerpts taken from the DDDC 10-K filed Mar 31, 2008. Stock-based
compensation Prior to
the adoption of Statement of Financial Accounting Standards No. 123(R) (“SFAS
123(R)”), the Company accounted for employee stock-based compensation in
accordance with Accounting Principles Board Opinion No. 25, “Accounting for
Stock Issued to Employees” and in accordance with FASB Interpretation No. 44.
Pursuant to these accounting pronouncements, the Company recorded compensation
for stock options granted to employees over the vesting period of the options
based on the difference, if any, between the exercise price of the options and
the market price of the underlying shares at that date. Deferred compensation is
amortized to compensation expense over the vesting period of the options. In
accordance with the modified prospective transition method that the Company used
in adopting SFAS 123(R) as of January 1, 2006, the consolidated
financial statements prior to 2006 have not been restated to reflect, and do not
include, the possible impact of SFAS 123(R).
Had
compensation cost for the Company's option plans been determined on the basis of
the fair value at the grant dates in accordance with the provisions of SFAS No.
123 “Accounting for Stock-Based Compensation,” as amended by SFAS No. 148, the
Company's pro forma net loss and pro forma basic and diluted net loss per share
for 2005 would have been as follows:
The
following assumptions were used for the fiscal year 2005: dividend yield of
0.00% for all periods; risk-free interest rate of 4.0% and 3.2% respectively; an
expected life of 3-years for all
periods; a volatility rate of 78% and 87% respectively.
Because
the determination of the fair value of all options granted includes an expected
volatility factor and since additional option grants are expected to be made
each year, the above pro forma disclosures are not representative of the pro
forma effects of reported net income for future years.
Stock-based compensation Prior to the adoption of Statement of Financial Accounting Standards No. 123(R) (“SFAS 123(R)”), the Company accounted for employee stock-based compensation in accordance with Accounting Principles Board Opinion No. 25, “Accounting for Stock Issued to Employees” and in accordance with FASB Interpretation No. 44. Pursuant to these accounting pronouncements, the Company recorded compensation for stock options granted to employees over the vesting period of the options based on the difference, if any, between the exercise price of the options and the market price of the underlying shares at that date. Deferred compensation is amortized to compensation expense over the vesting period of the options. In accordance with the modified prospective transition method that the Company used in adopting SFAS 123(R) as of January 1, 2006, the consolidated financial statements prior to 2006 have not been restated to reflect, and do not include, the possible impact of SFAS 123(R). Had compensation cost for the Company's option plans been determined on the basis of the fair value at the grant dates in accordance with the provisions of SFAS No. 123 “Accounting for Stock-Based Compensation,” as amended by SFAS No. 148, the Company's pro forma net loss and pro forma basic and diluted net loss per share for 2005 would have been as follows:
The following assumptions were used for the fiscal year 2005: dividend yield of 0.00% for all periods; risk-free interest rate of 4.0% and 3.2% respectively; an expected life of 3-years for all periods; a volatility rate of 78% and 87% respectively. Because the determination of the fair value of all options granted includes an expected volatility factor and since additional option grants are expected to be made each year, the above pro forma disclosures are not representative of the pro forma effects of reported net income for future years. | EXCERPTS ON THIS PAGE:
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