Share-based Compensation

9 Months Ended

Sep. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Wave recognized $143,331 and $(547,950) of share-based compensation during the three-months ended September 30, 2015 and 2014, respectively and $241,860 and $303,894 for the nine-month periods ended September 30, 2015 and 2014, respectively. During the three-month periods ended September 30, 2015 and 2014, Wave granted 22,000 and 178,100 in share-based awards at a weighted-average estimated fair value of $0.44 and $0.71, respectively. During the nine-month periods ended September 30, 2015 and 2014, Wave granted 1,127,750 and 1,856,100 share-based awards at a weighted-average estimated fair value of $0.78 and $0.54, respectively.

The following table summarizes the effect of share based compensation in Wave’s statement of operations, for the three-month and nine-month periods ended September 30, 2015 and 2014:



	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Cost of Sales	$	(2,359	)	$	3,129		$	2,437		$	10,310
Selling, General & Administrative	140,405			(365,262		)	262,809			296,837
Research & Development	5,285			(185,817		)	(23,386		)	(3,253		)
Total	$	143,331		$	(547,950	)	$	241,860		$	303,894

WAVE SYSTEMS CORP 10-Q