Annual report pursuant to Section 13 and 15(d)

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