Post-effective amendment to a registration statement that is not immediately effective upon filing

Stockholders'Deficit and Preferred Stock Subject to Redemption (Tables)

v3.3.1.900
Stockholders'Deficit and Preferred Stock Subject to Redemption (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Schedule of summary of stock option activity
       
Options Outstanding
 
   
Shares Available
for Grant of
Options & Shares
   
 
Number of
Shares
   Price per
Share
   
Weighted Average
Exercise
Price
 
               
               
Balance at December 31, 2014
   
1,470,000
     
1,730,000
   
$
0.42
   
$
0.42
 
Options granted
   
(130,000
)
   
130,000
   
$
1.15- $3.00
   
$
2.29
 
Options exercised
   
-
     
-
                 
Options cancelled
   
680,000
     
(680,000
)
 
$
0.42
   
$
0.42
 
Subtotal
   
2,020,000
     
1,180,000
   
$
0.42-$3.00
   
$
0.63
 
Shares used for restricted stock awards (see discussion below)
   
(1,200,000
)
                       
Balance at December 31, 2015
   
820,000
                         
Schedule of weighted average assumptions for employee options
 
 
For the Year Ended December 31,
 
 
 
2015
   
2014
 
Dividend yield
   
0.00
%
   
0.00
%
Volatility factor
   
75.00
%
   
75.00
%
Risk-free interest rate
   
1.68-1.85
%
   
1.93
%
Expected term (years)
   
6.25-6.50
     
6.5
 
Weighted-average fair value of options granted during the periods
 
$
2.69
   
$
1.27