Rosetta Stone 2012 Annual Report Download - page 106
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Table of Contents
The following table presents the stock-based compensation expense for stock options and restricted stock included in the related financial statement
line items (in thousands):
At December 31, 2012, the Company's Board of Directors had the authority to issue 200,000,000 shares of stock, of which 190,000,000 were
designated as Common Stock, with a par value of $0.00005 per share, and 10,000,000 were designated as Preferred Stock, with a par value of $0.001
per share. At December 31, 2012 and 2011, the Company had shares of Common Stock issued and outstanding of 21,950,671 and 21,258,249,
respectively.
The Company maintains a defined contribution 401(k) Plan (the "Plan"). The Company matches employee contributions to the Plan up to 4% of
their compensation that vest immediately. The Company recorded expenses for the Plan totaling $1.6 million and $1.4 million for the years ended
December 31, 2012 and 2011, respectively.
The Company leases many kiosks, copiers, parking spaces, buildings, a warehouse and office space under operating lease and site license
arrangements, some of which contain renewal options. The rental payments under some kiosk site licenses are based on a minimum rental plus a
percentage of the kiosk's sales in excess of stipulated amounts. Kiosk site licenses range from a period of one month to 89 months. Building, warehouse
and office space leases range from 12 months to 89 months. Certain leases also include lease renewal options.
F-29
Included in cost of revenue:
Cost of product revenue $ 110 $ 30 $ 25
Cost of subscription and service revenue 178 25 14
Total included in cost of revenue 288 55 39
Included in operating expenses:
Sales and marketing 1,185 1,932 774
Research & development 1,547 2,448 1,181
General and administrative 4,989 7,918 2,393
Total included in operating expenses 7,721 12,298 4,348
Total $ 8,009 $ 12,353 $ 4,387