Enom 2012 Annual Report Download - page 61

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56
Stock-based awards issued to non-employees are accounted for at fair value determined using the Black-Scholes option-
pricing model. Management believes that the fair value of the stock options is more reliably measured than the fair value of the
services received. The fair value of each non-employee stock-based compensation award is re-measured each period until a
commitment date is reached, which is generally the vesting date.