XML 31 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCK BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
    Non-Qualified Stock Options and Warrants
Outstanding and Exercisable
 
                Weighted  
    Number of     Exercise     Average  
    Shares     Price     Exercise Price  
                   
Outstanding, December 31, 2015     18,528,367     $0.63 - $1.69     $ 0.92  
                       
Granted     895,000     $0.60 - $0.86     $ 0.66  
Expired     (385,000 )   $1.00 - $1.18     $ 1.13  
Forfeited                      
Exercised                      
                       
Outstanding, September 30, 2016     19,038,367     $0.60 - $1.69     $ 0.90  
                       
Exercisable, September 30, 2016     18,545,242     $0.60 - $1.69     $ 0.91  

 

The aggregate intrinsic value of options and warrants outstanding and exercisable as of September 30, 2016 was $26,575. The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying options and warrants and the closing stock price of $.665 for the Company’s common stock on September 30, 2016. No options or warrants were exercised during the three and nine months periods ending September 30, 2016.

 

STOCK BASED COMPENSATION (Summary of Stock Option and Warrant Outstanding)
Non-Qualified Stock Options and Warrants Outstanding
    Number Outstanding   Weighted Average   Weighted Average
Range of   Currently Exercisable   Remaining   Exercise Price of Options and
Exercise Prices   at June 30, 2016   Contractual Life   Warrants Currently Exercisable
             
$0.60 - $1.69   18,545,242   4.38 Years   $0.91