STOCKHOLDERS' EQUITY - Options (Details Narrative)
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12 Months Ended |
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Oct. 14, 2015
period
installment
$ / shares
shares
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Sep. 16, 2015
$ / shares
shares
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Apr. 07, 2015
USD ($)
period
$ / shares
shares
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Mar. 18, 2015
installment
$ / shares
shares
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Mar. 06, 2015
installment
$ / shares
shares
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Feb. 05, 2015
period
$ / shares
shares
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Jan. 20, 2015 |
Oct. 31, 2014
period
$ / shares
shares
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Sep. 16, 2014
period
$ / shares
shares
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Aug. 29, 2014
period
$ / shares
shares
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Jul. 18, 2014
shares
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Jun. 18, 2014
shares
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Jun. 15, 2014
period
$ / shares
shares
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May. 15, 2014
period
$ / shares
shares
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May. 14, 2014
period
$ / shares
shares
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Apr. 15, 2014
period
$ / shares
shares
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Nov. 18, 2013
USD ($)
installment
$ / shares
shares
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Nov. 11, 2013
USD ($)
$ / shares
shares
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Aug. 19, 2013
item
$ / shares
shares
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Jun. 28, 2013
item
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Jun. 25, 2013
item
$ / shares
shares
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Jun. 19, 2013
period
employee
item
$ / shares
shares
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Jun. 11, 2013
period
director
$ / shares
shares
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May. 22, 2013 |
Apr. 17, 2013 |
Mar. 08, 2013
$ / shares
shares
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Mar. 01, 2013
period
$ / shares
shares
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Jan. 28, 2013
period
$ / shares
shares
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Nov. 14, 2012
period
$ / shares
shares
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Dec. 31, 2015
USD ($)
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Sep. 15, 2015
period
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Dec. 31, 2014
USD ($)
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Consulting Agreement Term |
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1 year
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1 year
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12 months
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Granted | shares |
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80,000
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Number of consultants | item |
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2
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Option term |
10 years
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Option price | $ / shares |
$ 1.86
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Value of stock issued for services | $ |
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$ 900,500
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Number of monthly installments | period |
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12
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12
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Expected term |
6 years 6 months
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6 years 6 months
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5 years 9 months
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Volatility |
49.00%
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Discount rate |
1.57%
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Unrecognized compensation expense, options | $ |
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$ 2,856,485
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Intrinsic value, stock options outstanding | $ |
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$ 0
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Consultants |
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Granted | shares |
70,000
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Option term |
10 years
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Option price | $ / shares |
$ 1.86
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Number of monthly installments | installment |
24
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Expected term |
6 years 6 months
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Volatility |
49.00%
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Discount rate |
1.57%
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Stock Option |
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Consulting Agreement Term |
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3 years
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Granted | shares |
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280,000
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20,000
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20,000
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25,000
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160,000
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60,000
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290,000
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40,000
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20,000
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600,000
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607,692
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134,614
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46,154
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Number of term options | item |
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2
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4
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2
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Number of consultants | item |
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2
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4
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Option term |
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10 years
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10 years
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5 years
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5 years
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5 years
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10 years
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5 years
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10 years
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5 years
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10 years
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5 years
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5 years
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5 years
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5 years
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5 years
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Option price | $ / shares |
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$ 2.03
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$ 6.76
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$ 6.61
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$ 7.37
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$ 6.80
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$ 6.40
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$ 7.445
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$ 5.62
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$ 5.05
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$ 3.295
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$ 2.85
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$ 2.925
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$ 3.425
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$ 2.47
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Vesting on first anniversary (as a percent) |
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33.00%
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33.00%
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33.00%
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33.00%
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Vesting on second anniversary (as a percent) |
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33.00%
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33.00%
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33.00%
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Vesting on third anniversary (as a percent) |
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34.00%
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34.00%
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34.00%
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34.00%
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Value of stock issued for services | $ |
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$ 984,447
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Number of employee | employee |
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2
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Percent vested upon execution of the GRQ Consulting Agreement |
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25.00%
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Percent vested after execution |
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2.083%
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Number of monthly installments |
24
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12
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12
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24
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12
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24
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12
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Cancelled | shares |
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600,000
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Number of annual installments | period |
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36
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36
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Expected term |
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5 years 6 months
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3 years
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3 years
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3 years 3 months
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3 years
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3 years 3 months
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3 years
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2 years 6 months
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Volatility |
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47.00%
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41.00%
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41.00%
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47.00%
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62.00%
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53.00%
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49.00%
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50.00%
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51.00%
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100.00%
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Discount rate |
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1.72%
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0.92%
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1.16%
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0.92%
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1.95%
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1.78%
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1.04%
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1.05%
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0.84%
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Risk free interest rate |
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0.65%
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Monthly retainer | $ |
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$ 27,000
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Stock Option | Chief Financial Officer |
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Employment Agreement Term |
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2 years
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1 year
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Granted | shares |
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19,114
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230,000
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76,924
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Option term |
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10 years
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10 years
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Option price | $ / shares |
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$ 2.95
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$ 3.25
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Value of stock issued for services | $ |
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$ 511,036
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Number of monthly installments | installment |
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24
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Number of annual installments | period |
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3
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Expected term |
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5 years
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Volatility |
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101.00%
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Risk free interest rate |
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1.40%
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Stock Option | Chief Technology Officer |
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Granted | shares |
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19,230
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153,846
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Option term |
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5 years
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Option price | $ / shares |
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$ 5.525
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Number of monthly installments | period |
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24
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Cancelled | shares |
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134,616
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Stock Option | Chief Operating Officer |
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Employment Agreement Term |
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2 years
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Granted | shares |
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76,924
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76,924
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Option term |
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5 years
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Option price | $ / shares |
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$ 2.47
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$ 5.525
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Number of monthly installments | period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24
|
|
|
|
|
24
|
|
|
|
|
|
Stock Option | Chief Executive Officer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Employment Agreement Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 years
|
|
|
|
Granted | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
200,000
|
|
|
|
|
|
|
|
|
|
|
|
307,692
|
|
|
|
Option term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
|
Option price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2.965
|
|
|
|
|
|
|
|
|
|
|
|
$ 3.25
|
|
|
|
Value of stock issued for services | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 442,692
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of monthly installments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24
|
|
|
|
|
|
|
|
|
|
|
|
24
|
|
|
|
Expected term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
Volatility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
|
|
|
192.00%
|
|
|
|
Risk free interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.33%
|
|
|
|
|
|
|
|
|
|
|
|
0.61%
|
|
|
|
Stock Option | Chief Executive Officer And Two Directors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
353,846
|
|
|
|
|
|
|
|
|
|
Option term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
Option price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2.625
|
|
|
|
|
|
|
|
|
|
Number of directors | director |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
|
Number of monthly installments | period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24
|
|
|
|
|
|
|
|
|
|
Stock Option | Existing Employees |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
80,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Option term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Option price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 4.165
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vesting on first anniversary (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vesting on second anniversary (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vesting on third anniversary (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of annual installments | period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expected term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 years 6 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Volatility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
63.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Discount rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.97%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock Option | Director |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted | shares |
|
|
|
|
|
|
|
|
|
|
7,608
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,384
|
|
|
|
|
|
|
Option term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
Option price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3.25
|
|
|
|
|
|
|
Vesting on first anniversary (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33.00%
|
|
|
|
|
|
|
Vesting on second anniversary (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33.00%
|
|
|
|
|
|
|
Vesting on third anniversary (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34.00%
|
|
|
|
|
|
|
Stock Option | Consultants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Option term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock Option | Consultant One Member |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,770
|
|
|
|
|
|
|
|
|
|
Option term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
Option price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2.625
|
|
|
|
|
|
|
|
|
|
Number of monthly installments | period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24
|
|
|
|
|
|
|
|
|
|
Stock Option | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percent Of Gross Proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock Option | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percent Of Gross Proceeds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock Option 2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted | shares |
|
|
|
|
|
|
|
100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Option term |
|
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Option price | $ / shares |
|
|
|
|
|
|
|
$ 6.40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of annual installments | period |
|
|
|
|
|
|
|
36
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expected term |
|
|
|
|
|
|
|
5 years 9 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Volatility |
|
|
|
|
|
|
|
53.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Discount rate |
|
|
|
|
|
|
|
1.78%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock Option 2 | Consultants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
160,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Option price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 4.165
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vesting on first anniversary (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vesting on second anniversary (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vesting on third anniversary (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of annual installments | period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expected term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 years 6 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Volatility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Discount rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock Option 3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted | shares |
|
|
|
|
|
|
|
680,000
|
|
|
|
|
|
290,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Option term |
|
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Option price | $ / shares |
|
|
|
|
|
|
|
$ 6.40
|
|
|
|
|
|
$ 4.165
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of monthly installments | period |
|
|
|
|
|
|
|
24
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of annual installments | period |
|
|
|
|
|
|
|
|
|
|
|
|
|
36
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expected term |
|
|
|
|
|
|
|
5 years 9 months
|
|
|
|
|
|
6 years 6 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Volatility |
|
|
|
|
|
|
|
53.00%
|
|
|
|
|
|
63.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Discount rate |
|
|
|
|
|
|
|
1.78%
|
|
|
|
|
|
1.97%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock Option 4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted | shares |
|
|
|
|
|
|
|
30,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Option term |
|
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5 years
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Option price | $ / shares |
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$ 6.40
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Number of monthly installments | period |
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24
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Expected term |
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3 years 3 months
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Volatility |
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49.00%
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Discount rate |
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1.03%
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Time Based Shares |
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Granted | shares |
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70,000
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Option price | $ / shares |
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$ 6.76
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Expected term |
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6 years 3 months
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Volatility |
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53.00%
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Discount rate |
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1.53%
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Time Based Shares | Minimum |
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Option price | $ / shares |
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$ 8.99
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Performance Shares |
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Granted | shares |
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70,000
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Option price | $ / shares |
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$ 6.76
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Expected term |
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10 years
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Volatility |
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61.00%
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Discount rate |
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1.89%
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Performance Shares | Minimum |
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Option price | $ / shares |
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$ 10.14
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