Annual report pursuant to Section 13 and 15(d)

Equity (Tables)

v2.4.1.9
Equity (Tables)
 12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Schedule of summary of stock option activity
 
Options Outstanding
Shares Available
Weighted Average
for Grant of
Number of
Exercise
Options
Shares
Price per Share
Price
Balance at December 31, 2013
0
0
NA
NA
Approval of authorized shares
3,200,000
Options granted
(1,730,000
)
1,730,000
$
0.42
$
0.42
Options exercised
0
0
Options cancelled
0
0
Balance at December 31, 2014
1,470,000
1,730,000
$
0.42
$
0.42
 
Schedule of weighted average assumptions for employee options
 
 
 
Years Ended December 31
 
2014
2013
Dividend yield
0.00%
NA
Volatility factor
75.00%
NA
Risk-free interest rate
1.93%
NA
Expected term (years)
6.5
NA
Weighted-average fair value of options granted during the periods
$1.21
NA