This excerpt taken from the TPTX 8-K filed Dec 13, 2006.
Proforma information under SFAS 123 for periods prior to Fiscal 2006
The following table illustrates the effect on net losses as if the Company had applied the fair value recognition provisions of SFAS No. 123 to determine stock-based compensation for the three and nine months ending September 30, 2005:
Equity instruments issued to non-employees are recorded at their fair values as determined in accordance with SFAS No. 123, Accounting for Stock-Based Compensation, and Emerging Issues Task Force (EITF) 96-18, Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling Goods and Services, and are periodically revalued as the options vest and are recognized as expense over the related service period. During the nine months ended September 30, 2006 and 2005, the Company recognized $4,718 and $6,965, respectively, for stock options and warrants issued to non-employees.