Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Deficit) (Tables)

v2.4.0.8
Stockholders' Equity (Deficit) (Tables)
 9 Months Ended
Sep. 30, 2013
Schedule of share activity

 

    Options  
Outstanding at January 1, 2013     1,955,000  
Granted     32,792,129  
Exercised     -  
Canceled/forfeited/expired     (408,334 )
Outstanding at September 30, 2013     34,338,795  
Stock-based compensation expense
    Three months ended September 30,    

Nine months ended

September 30,

  
    2013     2012     2013     2012  
                         
General and administrative   $ 386,347     $ 84,886     $ 662,510     $ 248,911  
Sales and marketing     656,396       19,217       1,656,052       54,083  
Engineering, research, and development     3,081       458       5,056       11,996  
    $ 1,045,824     $ 104,561     $ 2,323,618     $ 314,990  
Schedule of range of assumptions
    Three months ended September 30,     Nine months ended September 30,  
    2013     2012     2013     2012  
Risk-free interest rate     1.82 %     0.57 %     1.27 %     0.52 %
Expected life (years)     6.17       3.58       5.57       3.37  
Expected dividend yield     0 %     0 %     0 %     0 %
Expected volatility     132.0 %     61.0 %     131.9 %     67.6 %
Non-Employee Warrant [Member]
  
Schedule of share activity
    Number  
    Outstanding  
Outstanding at December 31, 2012     905,000  
Granted     -  
Exercised     -  
Canceled/forfeited/expired     -  
Outstanding at September 30, 2013     905,000