Quarterly report pursuant to Section 13 or 15(d)

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

v3.4.0.3
Stockholders'Deficit and Preferred Stock Subject to Redemption (Tables)
 3 Months Ended
Mar. 31, 2016
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, 2015
    
2,020,000
      
1,180,000
    
$
$0.42-3.00
    
$
0.63
  
Options granted
    
-
      
-
    
$
-
    
$
-
  
Options exercised
    
-
      
-
    
$
-
    
$
-
  
Options cancelled
    
-
      
-
    
$
-
    
$
-
  
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 March 31, 2016
    
820,000
                          
Schedule of weighted average assumptions for employee options
 
Three Months Ended March 31,
  
 
  
2016
    
2015
  
Dividend yield
    
0.00
%
    
0.00
%
Volatility factor
    
75.00
%
    
75.00
%
Risk-free interest rate
    
1.68-1.85
%
    
1.68
%
Expected term (years)
    
6.25-6.50
      
6.5
  
Weighted-average fair value of options granted during the periods
  
$
1.48
    
$
6.08