Quarterly report pursuant to Section 13 or 15(d)

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

v3.3.0.814
Stockholders'Deficit and Preferred Stock Subject to Redemption (Tables)
 9 Months Ended
Sep. 30, 2015
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, 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
  
Balance at September 30, 2015
    
2,020,000
      
1,180,000
    
$
0.42 - $3.00
    
$
0.63
  
Schedule of weighted average assumptions for employee options

 
For the Nine Months Ended   September 30,
 
2015
 
2014
Dividend yield
0.00%
 
NA
Volatility factor
75.00%
 
NA
Risk-free interest rate
1.68-1.85%
 
NA
Expected term (years)
6.25-6.50
 
NA
Weighted-average fair value of options granted during the periods
$2.69
 
NA