Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.7.0.1
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Option Activity



 

 



 

 

   

   

Options

Outstanding at December 31, 2015

   

5,043,228 

Granted

   

1,771,500 

Exercised

   

 -

Forfeit/canceled

 

(577,817)

Expired

   

(479,031)

Outstanding at December 31, 2016

   

5,757,880 

Granted

   

2,577,500 

Exercised

   

(61,980)

Forfeit/canceled

 

(1,093,694)

Expired

   

(142,995)

Outstanding at June 30, 2017

   

7,036,711 



 

 



Stock-Based Compensation Expense



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended



 

June 30,

 

June 30,



 

2017

 

2016

 

2017

 

2016

General and administrative

 

$

224,817 

 

$

232,003 

 

$

447,361 

 

$

485,990 

Sales and marketing

 

 

31,440 

 

 

81,658 

 

 

63,604 

 

 

172,001 

Engineering, research, and development

 

 

55,749 

 

 

38,599 

 

 

75,935 

 

 

83,615 



 

$

312,006 

 

$

352,260 

 

$

586,900 

 

$

741,606 



Valuation Assumptions



 

 

 

 

 

 



 

 

 

 

 

 

   

   

Six Months Ended



 

June 30,

   

   

2017

 

2016

Risk-free interest rate

   

1.97 

%

 

1.56 

%

Expected life (years)

   

6.00 

 

 

6.00 

 

Expected dividend yield

   

 -

%

 

 -

%

Expected volatility

   

85 

%

 

114 

%



Restricted Stock Unit Activity



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

   

 

Shares

 

Weighted Average
Grant Date Fair Value

 

Weighted Average
Remaining
Contractual Term
(Years)

 

Aggregate
Intrinsic Value

Outstanding at December 31, 2015

 

 

653,937 

 

$

0.32 

 

 

0.08 

 

$

305,572 

Awarded

 

 

340,480 

 

$

0.72 

 

 

0.70 

 

$

 -

Released

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Canceled/forfeited/expired

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Outstanding at December 31, 2016

 

 

994,417 

 

$

0.72 

 

 

0.70 

 

$

731,845 

Awarded

 

 

1,199,513 

 

$

0.62 

 

 

 -

 

$

 -

Released

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Canceled/forfeited/expired

 

 

(47,072)

 

$

0.72 

 

 

 -

 

$

 -

Outstanding at June 30, 2017

 

 

2,146,858 

 

$

0.56 

 

 

0.45 

 

$

1,696,018 



 

 

 

 

 

 

 

 

 

 

 

 

Expected to vest at June 30, 2017

 

 

2,146,858 

 

$

 -

 

 

 -

 

$

1,696,018 

Exercisable at June 30, 2017

 

 

1,113,245 

 

$

 -

 

 

 -

 

$

879,464 

Unvested at June 30, 2017

 

 

1,033,613 

 

$

 -

 

 

 -

 

$

816,554 

Unrecognized expense at June 30, 2017

 

$

738,910 

 

 

 

 

 

 

 

 

 



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



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended



 

June 30,

 

June 30,



 

2017

 

2016

 

2017

 

2016

General and administrative

 

$

56,416 

 

$

20,087 

 

$

118,940 

 

$

57,587 



 

$

56,416 

 

$

20,087 

 

$

118,940 

 

$

57,587