Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v2.4.1.9
Equity (Tables)
 3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Schedule of summary of stock option activity
       
OPTIONS OUTSTANDING
  
   
Shares Available
for Grant
    
# of Shares
    
Price per Share
    
Wtd Average
Exercise Price
  
Balance at December 31, 2013
                
Approval of authorized shares
    
3,200,000
              
Options granted
    
(1,730,000
)
    
1,730,000
    
$
0.42
    
$
0.42
  
Options exercised
                                
Options cancelled
                                
Balance at December 31, 2014
    
1,470,000
      
1,730,000
    
$
0.42
    
$
0.42
  
Options granted
    
(40,000
)
    
40,000
    
$
3.00
    
$
3.00
  
Options exercised
    
-
      
-
                  
Options cancelled
    
-
      
-
                  
Balance at March 31, 2015
    
1,430,000
      
1,770,000
    
$
0.48
    
$
0.48
  
Schedule of weighted average assumptions for employee options
 
Three Month Ended March 31,
 
2015
  
2014
Dividend yield
0.00%
  
NA
Volatility factor
75.00%
  
NA
Risk-free interest rate
1.68%
  
NA
Expected term (years)
6.5
  
NA
Weighted-average fair value of options granted during the periods
$6.08
  
NA