XML 66 R41.htm IDEA: XBRL DOCUMENT v3.3.1.900
SHARE BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2015
SHARE BASED COMPENSATION [Abstract]  
Schedule of Assumptions Used

 

 
Year Ended December 31, 2013
Options granted
Average
risk-free
rate of
return
  
Exercise
multiple
  
Volatility
rate		  
Dividend
yield		  
Post-
vesting
forfeiture
rate		  
April 3, 2013
  2.29%

  2.8 times  
  51.78%  
  0%  
  3%  


  Year Ended December 31, 2014
Options
granted		 Average
risk-free
rate of
return		     Exercise
multiple		     Volatility
rate		     Dividend
yield		     Post-
vesting
forfeiture
rate		  
January 28, 2014
     2.77%       3.0-3.5 times       93.0%       0%       3-9.5%  

 

  Year Ended December 31, 2015
Options
granted		 Average
risk-free
rate of
return		     Exercise
multiple		     Volatility
rate		     Dividend
yield		     Post-
vesting
forfeiture
rate		  
January 12, 2015
     2.82%       1.8-3 times       93.0%       0%       5%-8%  
                                         
July 06, 2015     3.20%       3 times       91.0%       0%       5%  
                                         
September 09, 2015     2.94%-3.08%       1.8-3 times       91.0%-92.0%       0%       5%-8%  
Summary of Stock Option Activity

 

  Number of
Options		     Weighted
Average
Exercise
Price		     Weighted
Average
Remaining
Contract Life		     Aggregate
Intrinsic
Value		  
Options outstanding on January 1, 2015     12,375,416    
0.87      
     
 
Granted     8,134,375    
0.59      
     

Forfeited     (1,307,743 )  
0.56      
     

Expired     (557,882 )  
0.59      
     

Exercised     (1,115,625 )  
0.25      
     

Options outstanding on December 31, 2015     17,528,541    
0.50       7.48    
2,973,866
Options vested or expected to vest on December 31, 2015     12,978,233    
0.40       6.12    
3,499,985
Options exercisable on December 31, 2015     9,965,138    
0.42       6.38    
2,434,628