Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS' EQUITY (Tables)

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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2015
STOCKHOLDERS' EQUITY  
Status of outstanding stock warrants

 

 

 

Number of Warrants

 

Weighted Average
Exercise Price

 

Weighted Average
Remaining Life

 

Balance at December 31, 2014

 

1,926,308 

 

$

4.10 

 

1.55 

 

Granted

 

100,000 

 

$

7.44 

 

4.08 

 

Cancelled

 

 

 

 

Forfeited

 

 

 

 

Exercised

 

5,000 

 

$

3.75 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

2,021,308 

 

4.27 

 

0.87 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants exercisable at December 31, 2015

 

2,021,308 

 

 

 

 

 

Weighted average fair value of warrants granted during the period

 

 

 

$

3.19 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of stock options

 

 

Number of Options

 

Weighted Average
Exercise Price

 

Weighted Average
Remaining Life

 

Balance at December 31, 2014

 

3,017,690 

 

$

4.64 

 

7.77 

 

Granted

 

880,000 

 

$

3.81 

 

9.21 

 

Cancelled

 

 

$

 

 

Forfeited

 

480,455 

 

$

5.56 

 

 

Exercised

 

33,968 

 

$

3.25 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

3,383,267 

 

$

4.25 

 

7.11 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Exercisable at December 31, 2015

 

1,925,963 

 

 

 

 

 

Options expected to vest

 

1,457,304 

 

 

 

 

 

Weighted average fair value of options granted during the period

 

 

 

$

1.48