Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Tables)

v3.5.0.2
Stockholders’ Equity (Tables)
9 Months Ended
Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Option Activity



 

 



 

 

   

   

Options

Outstanding at December 31, 2014

   

5,382,923 

Granted

   

3,348,000 

Exercised

   

 -

Canceled/forfeited/expired

   

(3,687,695)

Outstanding at December 31, 2015

   

5,043,228 

Granted

   

1,621,500 

Exercised

   

 -

Canceled/forfeited/expired

   

(842,051)

Outstanding at September 30, 2016

   

5,822,677 



 

 



Stock-Based Compensation Expense



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Nine Months Ended



 

September 30,

 

September 30,



 

2016

 

2015

 

2016

 

2015

General and administrative

 

$

234,069 

 

$

198,106 

 

$

720,058 

 

$

604,709 

Sales and marketing

 

 

87,646 

 

 

77,887 

 

 

259,647 

 

 

191,516 

Engineering, research, and development

 

 

37,371 

 

 

30,789 

 

 

120,986 

 

 

75,240 



 

$

359,086 

 

$

306,782 

 

$

1,100,691 

 

$

871,465 



Valuation Assumptions



 

 

 

 

 

 



 

 

 

 

 

 

   

   

Nine Months Ended



 

September 30,

   

   

2016

 

2015

Risk-free interest rate

   

1.42 

%

 

1.58 

%

Expected life (years)

   

6.00 

 

 

6.02 

 

Expected dividend yield

   

 -

%

 

 -

%

Expected volatility

   

114 

%

 

132 

%



Restricted Stock Unit Activity



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

   

 

Shares

 

Weighted Average
Grant Date Fair Value

 

Weighted Average
Remaining
Contractual Term
(Years)

 

Aggregate
Intrinsic Value

Outstanding at December 31, 2014

 

 

591,436 

 

$

0.75 

 

 

0.89 

 

$

305,572 

Awarded

 

 

82,501 

 

$

0.29 

 

 

 -

 

$

 -

Released

 

 

(20,000)

 

$

1.18 

 

 

 -

 

$

 -

Canceled/forfeited/expired

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Outstanding at December 31, 2015

 

 

653,937 

 

$

0.32 

 

 

0.08 

 

$

339,570 

Awarded

 

 

224,405 

 

$

0.72 

 

 

 -

 

$

 -

Released

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Canceled/forfeited/expired

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Outstanding at September 30, 2016

 

 

878,342 

 

$

0.42 

 

 

 -

 

$

790,508 



 

 

 

 

 

 

 

 

 

 

 

 

Expected to vest at September 30, 2016

 

 

878,342 

 

$

 -

 

 

 -

 

$

790,508 

Exercisable at September 30, 2016

 

 

741,062 

 

$

 -

 

 

 -

 

$

666,956 

Unvested at September 30, 2016

 

 

167,010 

 

$

 -

 

 

 -

 

$

150,309 

Unrecognized expense at September 30, 2016

 

$

113,444 

 

 

 

 

 

 

 

 

 



Summary Of Non-Employee Warrant Activity



 

 



 

 

   

   

Number
Outstanding

Outstanding at December 31, 2015

   

33,333 

Granted

   

 -

Exercised

   

 -

Canceled/forfeited/expired

   

(33,333)

Outstanding at September 30, 2016

   

 -



Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock-Based Compensation Expense



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Nine Months Ended



 

September 30,

 

September 30,



 

2016

 

2015

 

2016

 

2015

General and administrative

 

$

28,970 

 

$

145,403 

 

$

86,558 

 

$

347,184 



 

$

28,970 

 

$

145,403 

 

$

86,558 

 

$

347,184