XML 26 R12.htm IDEA: XBRL DOCUMENT v3.2.0.727
Schedule of Stock Options, Activity (Tables)
6 Months Ended
Jun. 30, 2015
Schedule of Stock Options, Activity  
Summarizes the assumptions used to estimate the fair value of stock options granted

The following table summarizes the assumptions used to estimate the fair value of stock options granted during the six months ended June 30, 2015:

 

 

2015

Expected dividend yield

0%

Weighted-average expected volatility

200%

Weighted-average risk-free interest rate

0.48%

Expected life of options

5-8 years

Schedule of Stock Options, Activity

The following table represents stock option activity as of and for the period ended June 30, 2015:

 

Weighted

Number of

Average

Contractual Life

Intrinsic

Options

Exercise Price

in Years

Value

Outstanding at December 31, 2014

900,000

$

1.00

3.41

-

Exercisable at December 31, 2014

112,500

$

1.00

3.16

$

56,250

Forfeited

(380,000)

-

-

-

Granted

480,000

$

1.60

9.56

-

Exercised

-

-

-

-

Outstanding at June 30, 2015

1,000,000

$

1.16

4.57

-

Exercisable at June 30, 2015

272,500

$

1.02

2.94

$

144,375