Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Tables)

v3.8.0.1
Stockholders’ Equity (Tables)
3 Months Ended
Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Option Activity



 



 

   

Options

Outstanding at December 31, 2016

5,757,880 

Granted

3,027,500 

Exercised

(152,085)

Forfeit/canceled

(1,451,053)

Expired

(363,294)

Outstanding at December 31, 2017

6,818,948 

Granted

300,000 

Exercised

(12,500)

Forfeit/canceled

(666,227)

Expired

(26,043)

Outstanding at March 31, 2018

6,414,178 



 



Stock-Based Compensation Expense



 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended



 

March 31,



 

2018

 

2017

General and administrative

 

$

125,118 

 

$

222,543 

Sales and marketing

 

 

68,480 

 

 

59,822 

Engineering, research, and development

 

 

28,699 

 

 

(7,472)



 

$

222,296 

 

$

274,893 



Valuation Assumptions



 

 

 

 



 

 

 

 

   

   

Three Months Ended



 

March 31,

   

   

2018

 

2017

Risk-free interest rate

   

2.68% 

 

2.04% 

Expected life (years)

   

6.00 

 

6.00 

Expected dividend yield

   

 -

 

 -

Expected volatility

   

101.94% 

 

85.63% 



Restricted Stock Unit Activity



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

   

 

Shares

 

Weighted Average
Grant Date Fair Value

 

Weighted Average
Remaining
Contractual Term
(Years)

 

Aggregate
Intrinsic Value

Outstanding at December 31, 2016

 

 

994,417 

 

$

0.72 

 

 

0.08 

 

$

731,845 

Awarded

 

 

199,513 

 

$

0.73 

 

 

0.70 

 

$

 -

Released

 

 

(484,058)

 

$

 -

 

 

 -

 

$

 -

Canceled/forfeited/expired

 

 

(47,072)

 

$

0.72 

 

 

 -

 

$

 -

Outstanding at December 31, 2017

 

 

662,800 

 

$

0.72 

 

 

0.70 

 

$

795,360 

Awarded

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Released

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Canceled/forfeited/expired

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Outstanding at March 31, 2018

 

 

662,800 

 

$

0.33 

 

 

0.75 

 

$

516,984 



 

 

 

 

 

 

 

 

 

 

 

 

Expected to vest at March 31, 2018

 

 

662,800 

 

$

 -

 

 

 -

 

$

516,984 

Vested at March 31, 2018

 

 

417,770 

 

$

 -

 

 

 -

 

$

325,861 

Unvested at March 31, 2018

 

 

245,030 

 

$

 -

 

 

 -

 

$

191,123 

Unrecognized expense at March 31, 2018

 

$

162,687 

 

 

 

 

 

 

 

 

 



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,



 

2018

 

2017

General and administrative

 

$

30,546 

 

$

62,524 



 

$

30,546 

 

$

62,524