Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Tables)

v3.4.0.3
Stockholders’ Equity (Tables)
3 Months Ended
Mar. 31, 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

   

925,500 

Exercised

   

 -

Canceled/forfeited/expired

   

(496,071)

Outstanding at March 31, 2016

   

5,472,657 



 

 



Stock-Based Compensation Expense



 

 

 

 

 

 



 

 

 

 

 

 



 

Three Months Ended



 

March 31,



 

2016

 

2015

General and administrative

 

$

239,504 

 

$

186,803 

Sales and marketing

 

 

51,704 

 

 

59,244 

Engineering, research, and development

 

 

27,900 

 

 

18,042 



 

$

319,108 

 

$

264,089 



Valuation Assumptions



 

 

 

 

 

 



 

 

 

 

 

 

   

   

Three Months Ended



 

March 31,

   

   

2016

 

2015

Risk-free interest rate

   

1.56 

%

 

1.58 

%

Expected life (years)

   

6.00 

 

 

6.04 

 

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

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Released

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Canceled/forfeited/expired

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Outstanding at March 31, 2016

 

 

653,937 

 

$

0.32 

 

 

 -

 

$

399,570 



 

 

 

 

 

 

 

 

 

 

 

 

Expected to vest at March 31, 2016

 

 

653,937 

 

$

 -

 

 

 -

 

$

399,570 

Exercisable at March 31, 2016

 

 

653,937 

 

$

 -

 

 

 -

 

$

399,570 

Unvested at March 31, 2016

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Unrecognized expense at March 31, 2016

 

$

 -

 

 

 

 

 

 

 

 

 



Summary Of Non-Employee Warrant Activity



 

 



 

 

   

   

Number
Outstanding

Outstanding at December 31, 2015

   

33,333 

Granted

   

 -

Exercised

   

 -

Canceled/forfeited/expired

   

(33,333)

Outstanding at March 31, 2016

   

 -



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



 

 

 

 

 

 



 

 

 

 

 

 



 

Three Months Ended



 

March 31,



 

2016

 

2015

General and administrative

 

$

37,501 

 

$

80,178 



 

$

37,501 

 

$

80,178