Quarterly report pursuant to Section 13 or 15(d)

STOCK WARRANTS OPTIONS AND GRANTS (Tables)

v3.5.0.2
STOCK WARRANTS OPTIONS AND GRANTS (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Pricing

 

 

 

Options Issued

Nine Months Ended

September 30, 2016

 

 

Options Issued

Nine Months Ended

September 30, 2015

 

Dividend yield

 

 

0%

 

 

 

0%

 

Expected volatility

 

89% - 90%

 

 

84% - 85%

 

Risk free interest rate

 

1.01% - 1.22%

 

 

1.37% - 1.63%

 

Expected life (years)

 

 

5.00

 

 

 

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

 

 

427,500

 

 

 

0.33

 

Exercised

 

 

 

 

 

 

Expired

 

 

 

 

 

 

Outstanding – September 30, 2016

 

 

1,483,750

 

 

$

0.29

 

Exercisable – September 30, 2016

 

 

1,143,750

 

 

$

0.30

 

 

Summary of Warrant Activity

A summary of warrant activity is as follows:

 

 

 

Common stock warrants

 

 

Weighted-average exercise price

 

Outstanding – December 31, 2015

 

 

 

 

 

 

Issued

 

 

1,965,780

 

 

 

0.30

 

Exercised

 

 

 

 

 

 

Expired

 

 

 

 

 

 

Outstanding – September 30, 2016

 

 

1,965,780

 

 

$

0.30

 

Exercisable – September 30, 2016

 

 

 

 

$