Quarterly report pursuant to Section 13 or 15(d)

Stockholders’ Equity (Deficit) (Tables)

v2.4.0.8
Stockholders’ Equity (Deficit) (Tables)
6 Months Ended
Jun. 30, 2014
Stockholders Equity Deficit Tables  
Stock Option Activity
    Options  
Outstanding at December 31, 2013     5,672,464  
Granted     403,500  
Exercised     -  
Canceled/forfeited/expired     (495,103 )
Outstanding at June 30, 2014     5,580,861  
Stock-Based Compensation Expense
    Three months ended June30,     Six months ended June 30,  
    2014     2013     2014     2013  
General and administrative   $ 197,763     $ 191,260     $ 476,663     $ 276,162  
Sales and marketing     46,110       992,039       87,475       999,657  
Engineering, research, and development     15,148       993       10,264       1,975  
    $ 259,022     $ 1,184,292     $ 574,402     $ 1,277,794  
Valuation Assumptions
   

Six months ended

June 30,

 
    2014     2013  
Risk-free interest rate     2.09 %     1.23 %
Expected life (years)     6.02       5.52  
Expected dividend yield     0 %     0 %
Expected volatility     132.0 %     131.9 %
Summary of non-employee warrant activity
    Number  
    Outstanding  
Outstanding at December 31, 2013     150, 556  
Granted     -  
Exercised     -  
Canceled/forfeited/expired     (555 )
Outstanding at June 30, 2014     150,001