Quarterly report pursuant to Section 13 or 15(d)

Stockholders’ Equity (Deficit) (Tables)

v3.3.0.814
Stockholders’ Equity (Deficit) (Tables)
9 Months Ended
Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Option Activity

 

 

 

 

 

 

   

   

Options

Outstanding at December 31, 2014

   

5,399,320 

Granted

   

2,701,500 

Exercised

   

 -

Canceled/forfeited/expired

   

(2,733,326)

Outstanding at September 30, 2015

   

5,367,494 

 

Stock-Based Compensation Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30,

 

September 30,

 

 

2015

 

2014

 

2015

 

2014

General and administrative

 

$

198,106 

 

$

311,047 

 

$

604,709 

 

$

925,383 

Sales and marketing

 

 

77,887 

 

 

29,258 

 

 

191,516 

 

 

116,733 

Engineering, research, and development

 

 

30,789 

 

 

16,588 

 

 

75,240 

 

 

26,852 

 

 

$

306,782 

 

$

356,893 

 

$

871,465 

 

$

1,068,968 

 

Valuation Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

   

Nine Months Ended

 

 

September 30,

   

   

2015

 

2014

Risk-free interest rate

   

1.58 

%

 

1.97 

%

Expected life (years)

   

6.02 

 

 

6.08 

 

Expected dividend yield

   

 -

%

 

 -

%

Expected volatility

   

132.0 

%

 

132.0 

%

 

Restricted Stock Unit Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

 

Shares

 

Weighted Average
Exercise Price

 

Weighted Average
Remaining
Contractual Term
(Years)

 

Aggregate
Intrinsic Value

Outstanding at December 31, 2014

 

 

591,436 

 

$

 -

 

 

9.75 

 

$

703,809 

Granted

 

 

82,501 

 

$

 -

 

 

 -

 

$

 -

Exercised

 

 

(20,000)

 

$

 -

 

 

 -

 

$

 -

Canceled/forfeited/expired

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Outstanding at September 30, 2015

 

 

653,937 

 

$

 -

 

 

9.03 

 

$

366,205 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected to vest at September 30, 2015

 

 

630,055 

 

$

 -

 

 

8.73 

 

$

352,831 

Exercisable at September 30, 2015

 

 

564,732 

 

$

 -

 

 

9.01 

 

$

316,250 

Unvested at September 30, 2015

 

 

89,205 

 

$

 -

 

 

9.17 

 

$

49,955 

Unrecognized expense at September 30, 2015

 

$

122,559 

 

 

 

 

 

 

 

 

 

 

Summary Of Non-Employee Warrant Activity

 

 

 

 

 

 

   

   

Number
Outstanding

Outstanding at December 31, 2014

   

150,001 

Granted

   

 -

Exercised

   

 -

Canceled/forfeited/expired

   

 -

Outstanding at September 30, 2015

   

150,001 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30,

 

September 30,

 

 

2015

 

2014

 

2015

 

2014

General and administrative

 

$

145,403 

 

$

 -

 

$

347,184 

 

$

 -

 

 

$

145,403 

 

$

 -

 

$

347,184 

 

$

 -