Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.7.0.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 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

   

322,500 

Exercised

   

 -

Forfeit/canceled

 

(760,728)

Expired

   

(55,703)

Outstanding at March 31, 2017

   

5,263,949 



 

 



Stock-Based Compensation Expense



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

Three Months Ended

 



 

March 31,

 



 

2017

 

2016

 

General and administrative

 

$

222,543 

 

$

239,504 

 

Sales and marketing

 

 

59,822 

 

 

51,704 

 

Engineering, research, and development

 

 

(7,472)

 

 

27,900 

 



 

$

274,893 

 

$

319,108 

 



Valuation Assumptions



 

 

 

 

 

 



 

 

 

 

 

 

   

   

Three Months Ended



 

March 31,

   

   

2017

 

2016

Risk-free interest rate

   

2.04 

%

 

1.56 

%

Expected life (years)

   

6.00 

 

 

6.00 

 

Expected dividend yield

   

 -

%

 

 -

%

Expected volatility

   

86 

%

 

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

 

 

112,845 

 

$

0.72 

 

 

 -

 

$

 -

Released

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Canceled/forfeited/expired

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Outstanding at March 31, 2017

 

 

1,107,262 

 

$

0.48 

 

 

0.75 

 

$

863,664 



 

 

 

 

 

 

 

 

 

 

 

 

Expected to vest at March 31, 2017

 

 

1,107,262 

 

$

 -

 

 

 -

 

$

863,664 

Exercisable at March 31, 2017

 

 

862,232 

 

$

 -

 

 

 -

 

$

672,541 

Unvested at March 31, 2017

 

 

245,030 

 

$

 -

 

 

 -

 

$

191,123 

Unrecognized expense at March 31, 2017

 

$

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,



 

2017

 

2016

General and administrative

 

$

62,524 

 

$

37,501 



 

$

62,524 

 

$

37,501