Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Tables)

v3.5.0.2
Stockholders’ Equity (Tables)
6 Months Ended
Jun. 30, 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

   

(583,051)

Outstanding at June 30, 2016

   

5,385,677 



 

 



Stock-Based Compensation Expense



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended



 

June 30,

 

June 30,



 

2016

 

2015

 

2016

 

2015

General and administrative

 

$

232,003 

 

$

219,798 

 

$

485,990 

 

$

406,603 

Sales and marketing

 

 

81,658 

 

 

54,385 

 

 

172,001 

 

 

113,629 

Engineering, research, and development

 

 

38,599 

 

 

26,410 

 

 

83,615 

 

 

44,451 



 

$

352,260 

 

$

300,593 

 

$

741,606 

 

$

564,683 



Valuation Assumptions



 

 

 

 

 

 



 

 

 

 

 

 

   

   

Six Months Ended



 

June 30,

   

   

2016

 

2015

Risk-free interest rate

   

1.56 

%

 

1.56 

%

Expected life (years)

   

6.00 

 

 

6.03 

 

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

 

 

116,070 

 

$

0.70 

 

 

 -

 

$

 -

Released

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Canceled/forfeited/expired

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Outstanding at June 30, 2016

 

 

770,007 

 

$

0.38 

 

 

 -

 

$

399,570 



 

 

 

 

 

 

 

 

 

 

 

 

Expected to vest at June 30, 2016

 

 

770,007 

 

$

 -

 

 

 -

 

$

693,006 

Exercisable at June 30, 2016

 

 

703,012 

 

$

 -

 

 

 -

 

$

632,711 

Unvested at June 30, 2016

 

 

96,725 

 

$

 -

 

 

 -

 

$

87,053 

Unrecognized expense at June 30, 2016

 

$

61,162 

 

 

 

 

 

 

 

 

 



Summary Of Non-Employee Warrant Activity



 

 



 

 

   

   

Number
Outstanding

Outstanding at December 31, 2015

   

33,333 

Granted

   

 -

Exercised

   

 -

Canceled/forfeited/expired

   

(33,333)

Outstanding at June 30, 2016

   

 -



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,



 

2016

 

2015

 

2016

 

2015

General and administrative

 

$

20,087 

 

$

121,603 

 

$

57,587 

 

$

201,781 



 

$

20,087 

 

$

121,603 

 

$

57,587 

 

$

201,781