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STOCKHOLDERS' EQUITY (Details Narrative 2) (USD $)
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12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Dec. 31, 2013
Post Stock Split
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Dec. 31, 2013
Post Stock Split
Lower Range
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Dec. 31, 2013
Post Stock Split
Upper Range
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Dec. 31, 2013
Pre Stock Split
Lower Range
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Dec. 31, 2013
Pre Stock Split
Upper Range
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Jun. 19, 2013
Stock Options
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Jun. 11, 2013
Stock Options
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Dec. 31, 2013
Stock Options
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Dec. 31, 2013
Stock Options
Lower Range
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Dec. 31, 2013
Stock Options
Upper Range
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Jun. 19, 2013
Stock Options
Post Stock Split
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Jun. 11, 2013
Stock Options
Post Stock Split
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Jun. 19, 2013
Stock Options
Pre Stock Split
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Jun. 11, 2013
Stock Options
Pre Stock Split
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Nov. 19, 2013
Richard Raisig, CFO
Stock Options
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Nov. 19, 2013
Doug Croxall, CEO
Stock Options
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Nov. 14, 2012
Doug Croxall, CEO
Stock Options
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Nov. 14, 2012
Doug Croxall, CEO
Stock Options
Post Stock Split
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Nov. 14, 2012
Doug Croxall, CEO
Stock Options
Pre Stock Split
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Jan. 28, 2013
John Stetson, CFO
Stock Options
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Jan. 28, 2013
John Stetson, CFO
Stock Options
Post Stock Split
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Jan. 28, 2013
John Stetson, CFO
Stock Options
Pre Stock Split
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Mar. 01, 2013
Nathaniel Bradley, Cheif Technology Officer
Stock Options
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Jun. 19, 2013
Nathaniel Bradley, Cheif Technology Officer
Stock Options
Post Stock Split
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Mar. 01, 2013
Nathaniel Bradley, Cheif Technology Officer
Stock Options
Post Stock Split
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Jun. 19, 2014
Nathaniel Bradley, Cheif Technology Officer
Stock Options
Pre Stock Split
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Mar. 01, 2013
Nathaniel Bradley, Cheif Technology Officer
Stock Options
Pre Stock Split
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Jun. 19, 2013
James Crawford, Chief Operating Officer
Stock Options
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Mar. 01, 2013
James Crawford, Chief Operating Officer
Stock Options
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Jun. 19, 2013
James Crawford, Chief Operating Officer
Stock Options
Post Stock Split
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Mar. 01, 2013
James Crawford, Chief Operating Officer
Stock Options
Post Stock Split
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Jun. 19, 2013
James Crawford, Chief Operating Officer
Stock Options
Pre Stock Split
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Mar. 01, 2013
James Crawford, Chief Operating Officer
Stock Options
Pre Stock Split
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Mar. 08, 2013
Independent Directors
Stock Options
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Mar. 08, 2013
Independent Directors
Stock Options
Post Stock Split
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Mar. 08, 2013
Independent Directors
Stock Options
Pre Stock Split
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Jun. 11, 2013
Legal Consultant
Stock Options
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Jun. 11, 2013
Legal Consultant
Stock Options
Post Stock Split
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Jun. 11, 2013
Legal Consultant
Stock Options
Pre Stock Split
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| Common Stock Options | ||||||||||||||||||||||||||||||||||||||||
| Options Granted | 794,230 | 1,309,230 | 23,077 | 176,923 | 300,000 | 2,300,000 | 115,000 | 100,000 | 153,846 | 2,000,000 | 38,462 | 500,000 | 76,923 | 1,000,000 | 38,462 | 38,642 | 500,000 | 500,000 | 7,692 | 100,000 | 15,385 | 200,000 | ||||||||||||||||||
| Options granted exercise price | $ 4.94 | $ 1.05 | $ 0.38 | $ 0.85 | $ 5.74 | $ 4.94 | $ 15.33 | $ 0.38 | $ 0.41 | $ 5.70 | $ 5.93 | $ 6.50 | $ 0.50 | $ 6.50 | $ 0.50 | $ 11.05 | $ 0.85 | $ 4.94 | $ 11.05 | $ 0.38 | $ 0.85 | $ 6.50 | $ 0.50 | $ 5.33 | $ 0.41 | |||||||||||||||
| Award term | 5 years | 5 years | 10 years | 10 years | 10 years | 10 years | 5 years | 5 years | 5 years | 5 years | ||||||||||||||||||||||||||||||
| Vesting terms of options granted | vest as follows: 33% the first anniversary hereof; 33% on the second anniversary and 34% on the third anniversary |
vesting in twenty-four (24) equal installments on each monthly anniversary of the date of the Raisig Agreement, provided Mr. Raisig is still employed by us on each such date. We have valued the options at $511,036 using the Black-Scholes option pricing model with the following assumptions: market price on the date of grant of $5.90; an expected life of five years; volatility of 101%; and a risk-free rate of 1.40%. |
vesting in twenty-four (24) equal installments on each monthly anniversary date of the grant. The Company has valued the option grant at $442,692 using the Black-Scholes option pricing model with the following assumptions: an expected life of five years; volatility of 100%; and a risk-free rate of 1.33%. |
vest over 24 equal monthjly installments on each monthly anniversary | vest in 3 equal installments on the beginning of the first anniversary | vest in 24 equal installments on each monthly anniversary | vest in 24 equal installments on each monthly anniversary | vest in 24 equal installments on each monthly anniversary | vest as follows: 33% the first anniversary hereof; 33% on the second anniversary and 34% on the third anniversary | |||||||||||||||||||||||||||||||
| Grant date fair value (per share) | $ 2.86 | $ 7.41 | $ 0.22 | $ 0.57 | $ 3.88 | $ 6.24 | $ 0.48 | |||||||||||||||||||||||||||||||||
| Grant date fair value (dollars) | $ 1,823,353 | $ 511,036 | $ 442,692 | |||||||||||||||||||||||||||||||||||||
| Pricing model | Black-Scholes | Black-Scholes | Black-Scholes | Black-Scholes | ||||||||||||||||||||||||||||||||||||
| Stock price | $ 6.50 | $ 0.50 | ||||||||||||||||||||||||||||||||||||||
| Volatility | 99.00% | 108.00% | 101.00% | 100.00% | 192.00% | |||||||||||||||||||||||||||||||||||
| Expected Term | 2 years 6 months | 5 years | 5 years | |||||||||||||||||||||||||||||||||||||
| Risk-free interest rate | 0.31% | 0.89% | 14.00% | 13.30% | 0.61% | |||||||||||||||||||||||||||||||||||
| Options retained at resignation | 9,615 | 125,000 | ||||||||||||||||||||||||||||||||||||||
| Options Cancelled | (115,384) | 67,308 | 875,000 | |||||||||||||||||||||||||||||||||||||
| Share-based compensation | 33,287 | 1,122,412 | ||||||||||||||||||||||||||||||||||||||
| Stock-based legal fees | 12,458 | |||||||||||||||||||||||||||||||||||||||
| Unrecognized compensation expense - stock options | 4,445,750 | |||||||||||||||||||||||||||||||||||||||
| Aggregate Intrinsic Value of Options Outstanding | $ 15,385 | |||||||||||||||||||||||||||||||||||||||