Quarterly report pursuant to Section 13 or 15(d)

STOCK WARRANTS OPTIONS AND GRANTS (Tables)

v3.4.0.3
STOCK WARRANTS OPTIONS AND GRANTS (Tables)
3 Months Ended
Mar. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Pricing

 

 

 

Options Issued

Three Months Ended

March 31, 2016

 

Dividend yield

 

 

0

%

Expected volatility

 

 

89

%

Risk free interest rate

 

 

1.21

%

Expected life (years)

 

 

5.00

 

 

Summary of Stock Option Activity

A summary of stock option activity is as follows:

 

 

 

Common Stock Options

 

 

Weighted Average

Exercise Price

 

Outstanding – January 1, 2015

 

 

381,250

 

 

$

0.36

 

Issued

 

 

675,000

 

 

 

0.23

 

Exercised

 

 

 

 

 

 

Expired

 

 

 

 

 

 

Outstanding – December 31, 2015

 

 

1,056,250

 

 

$

0.28

 

Issued

 

 

112,500

 

 

 

0.22

 

Exercised

 

 

 

 

 

 

Expired

 

 

 

 

 

 

Outstanding – March 31, 2016

 

 

1,168,750

 

 

$

0.27

 

Exercisable –March 31, 2016

 

 

337,500

 

 

$

0.19