Quarterly report pursuant to Section 13 or 15(d)

STOCK WARRANTS, OPTIONS AND GRANTS (Tables)

v3.7.0.1
STOCK WARRANTS, OPTIONS AND GRANTS (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Pricing

 

 

Options issued six months ended June 30, 2017

 

 

Options issued six months ended June 30, 2016

 

Dividend yield

 

 

0%

 

 

 

0%

 

Expected volatility

 

83% - 87%

 

 

89% - 90%

 

Risk free interest rate

 

1.84% - 1.94%

 

 

1.01% - 1.21%

 

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

 

 

Aggregate

intrinsic

value

 

 

Weighted-average

remaining contractual

term (years)

 

Outstanding – December 31, 2016

 

 

1,496,250

 

 

$

0.32

 

 

$

385,017

 

 

 

3.57

 

Issued

 

 

785,000

 

 

 

0.63

 

 

 

 

 

 

 

Exercised

 

 

(150,000

)

 

 

0.23

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding – June 30, 2017

 

 

2,131,250

 

 

$

0.44

 

 

$

722,942

 

 

 

3.84

 

Exercisable – June 30, 2017

 

 

1,589,026

 

 

$

0.40

 

 

$

600,963

 

 

 

3.60

 

 

Summary of Unvested Stock Option Activity

A summary of unvested stock option activity is as follows:

 

 

 

Common stock

options

 

 

Weighted-average

exercise price

 

 

Aggregate

intrinsic

value

 

 

Weighted-average

remaining contractual

term (years)

 

Unvested – December 31, 2016

 

 

128,889

 

 

$

0.34

 

 

$

30,933

 

 

 

3.99

 

Granted

 

 

785,000

 

 

 

0.63

 

 

 

 

 

 

 

Vested

 

 

(371,665

)

 

 

0.63

 

 

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

 

Unvested – June 30, 2017

 

 

542,224

 

 

$

0.56

 

 

$

121,979

 

 

 

4.55