Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

v3.5.0.2
STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2016
STOCKHOLDERS' EQUITY  
Status of outstanding stock warrants

 

 

 

Number of
Warrants

 

Weighted
Average Exercise
Price

 

Weighted
Average
Remaining Life

Balance at December 31, 2015

 

2,021,308

 

  $

4.27

 

0.87

Granted

 

-    

 

 

-    

 

-    

Cancelled

 

(1,464,636)

 

  $

3.42

 

-    

Forfeited

 

-    

 

 

-    

 

-    

Exercised

 

-    

 

  $

-    

 

-    

 

 

 

 

 

 

 

 

Balance at September 30, 2016

 

556,672

 

 

6.51

 

1.33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants exercisable at September 30, 2016

 

556,672

 

 

 

 

Weighted average fair value of warrants granted during the period

 

 

 

  $

-    

 

 

 

 

 

 

 

 

 

 

 

Summary of stock options

 

 

 

Number of
Options

 

Weighted
Average Exercise
Price

 

Weighted
Average
Remaining Life

Balance at December 31, 2015

 

3,383,267

 

  $

4.25

 

7.11

Granted

 

700,000

 

  $

1.65

 

9.65

Cancelled

 

(291,772)

 

  $

5.69

 

-    

Forfeited

 

(126,181)

 

  $

5.18

 

-    

Exercised

 

-    

 

  $

-    

 

-    

 

 

 

 

 

 

 

 

Balance at September 30, 2016

 

3,665,314

 

  $

3.34

 

7.02

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Exercisable at September 30, 2016

 

2,627,075

 

 

 

 

Options expected to vest

 

1,435,800

 

 

 

 

Weighted average fair value of options granted during the period

 

 

 

  $

0.90