Annual report pursuant to section 13 and 15(d)

STOCKHOLDERS' EQUITY (Details Narrative 2)

v2.4.0.8
STOCKHOLDERS' EQUITY (Details Narrative 2) (USD $)
12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended
Dec. 31, 2012
Dec. 31, 2013
Post Stock Split
Dec. 31, 2013
Post Stock Split
Lower Range
Dec. 31, 2013
Post Stock Split
Upper Range
Dec. 31, 2013
Pre Stock Split
Lower Range
Dec. 31, 2013
Pre Stock Split
Upper Range
Jun. 19, 2013
Stock Options
Jun. 11, 2013
Stock Options
Dec. 31, 2013
Stock Options
Dec. 31, 2013
Stock Options
Lower Range
Dec. 31, 2013
Stock Options
Upper Range
Jun. 19, 2013
Stock Options
Post Stock Split
Jun. 11, 2013
Stock Options
Post Stock Split
Jun. 19, 2013
Stock Options
Pre Stock Split
Jun. 11, 2013
Stock Options
Pre Stock Split
Nov. 19, 2013
Richard Raisig, CFO
Stock Options
Nov. 19, 2013
Doug Croxall, CEO
Stock Options
Nov. 14, 2012
Doug Croxall, CEO
Stock Options
Nov. 14, 2012
Doug Croxall, CEO
Stock Options
Post Stock Split
Nov. 14, 2012
Doug Croxall, CEO
Stock Options
Pre Stock Split
Jan. 28, 2013
John Stetson, CFO
Stock Options
Jan. 28, 2013
John Stetson, CFO
Stock Options
Post Stock Split
Jan. 28, 2013
John Stetson, CFO
Stock Options
Pre Stock Split
Mar. 01, 2013
Nathaniel Bradley, Cheif Technology Officer
Stock Options
Jun. 19, 2013
Nathaniel Bradley, Cheif Technology Officer
Stock Options
Post Stock Split
Mar. 01, 2013
Nathaniel Bradley, Cheif Technology Officer
Stock Options
Post Stock Split
Jun. 19, 2014
Nathaniel Bradley, Cheif Technology Officer
Stock Options
Pre Stock Split
Mar. 01, 2013
Nathaniel Bradley, Cheif Technology Officer
Stock Options
Pre Stock Split
Jun. 19, 2013
James Crawford, Chief Operating Officer
Stock Options
Mar. 01, 2013
James Crawford, Chief Operating Officer
Stock Options
Jun. 19, 2013
James Crawford, Chief Operating Officer
Stock Options
Post Stock Split
Mar. 01, 2013
James Crawford, Chief Operating Officer
Stock Options
Post Stock Split
Jun. 19, 2013
James Crawford, Chief Operating Officer
Stock Options
Pre Stock Split
Mar. 01, 2013
James Crawford, Chief Operating Officer
Stock Options
Pre Stock Split
Mar. 08, 2013
Independent Directors
Stock Options
Mar. 08, 2013
Independent Directors
Stock Options
Post Stock Split
Mar. 08, 2013
Independent Directors
Stock Options
Pre Stock Split
Jun. 11, 2013
Legal Consultant
Stock Options
Jun. 11, 2013
Legal Consultant
Stock Options
Post Stock Split
Jun. 11, 2013
Legal Consultant
Stock Options
Pre Stock Split
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