Quarterly report pursuant to Section 13 or 15(d)

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

v3.5.0.2
Stockholders'Deficit and Preferred Stock Subject to Redemption (Tables)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Schedule of summary of stock option activity

 

 

Shares
Available

for Grant of

 

 

Options Outstanding

 

 

Weighted
Average

 

 

 

Options &
Shares

 

 

Number of

Shares

 

 

Price per

Share

 

 

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 June 30, 2016

 

 

 820,000

 

 

 

 

 

 

 

 

 

 

 

 

 
Schedule of weighted average assumptions for employee options

 

 

Six Months Ended June 30,

 

 

 

2016

 

2015

 

Dividend yield

 

NA

 

 

 0.00 %

Volatility factor

 

NA

 

 

 75.00 %

Risk-free interest rate

 

NA

 

 

 1.85 %

Expected term (years)

 

NA

 

 

 6.5

 

Weighted-average fair value of options granted during the periods

 

NA

 

 $ 2.13