|
STOCK BASED COMPENSATION (Tables)
|
9 Months Ended |
|
Sep. 30, 2014
|
| Stock Based Compensation Tables |
|
| summary of the activity of restricted shares of common stock |
A
summary of the activity of restricted shares of common stock for the nine months ended September 30, 2014 is as follows:
| |
|
Shares |
|
|
Weighted
Average
Grant
Date
Fair
Value |
|
| |
|
|
|
|
|
|
| Non-vested on December
31, 2013 |
|
|
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
| Granted |
|
|
1,250,000 |
|
|
|
0.15 |
|
| Vested |
|
|
(1,250,000 |
) |
|
|
0.15 |
|
| Forfeited |
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Non-vested on September 30, 2014 |
|
|
- |
|
|
$ |
- |
|
|
| Schedule of Warrants Outstanding |
The
following table summarizes the warrants outstanding and the number of shares of common stock subject to exercise as of September
30, 2014 and December 31, 2013:
| |
|
Employees |
|
|
Services |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Shares |
|
|
Weighted
Average
Exercise
Price |
|
|
Shares |
|
|
Weighted
Average
Exercise
Price |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding and Exercisable at December
31, 2013 |
|
|
- |
|
|
$ |
- |
|
|
|
850,000 |
|
|
$ |
0.96 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants granted |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Warrants exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Warrants expired/cancelled |
|
|
- |
|
|
|
- |
|
|
|
(20,000) |
|
|
|
1.80 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding and Exercisable at September
30, 2014 (unaudited) |
|
|
- |
|
|
$ |
- |
|
|
|
830,000 |
|
|
$ |
0.93 |
|
|
| Schedule of Stock Warrants Outstanding and Exercisable |
The
following table summarizes information about stock warrants outstanding and exercisable as of September 30, 2014:
| |
|
Outstanding |
|
Exercisable |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Range
of
Exercise
Price |
|
Number
of
Shares |
|
Weighted
Average
Exercise
Price |
|
Weighted
Average
Remaining
Life
(Years) |
|
Number
of
Shares |
|
Weighted
Average
Exercise
Price |
|
Weighted
Average
Remaining
Life
(Years) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| $0.65 |
|
600,000 |
|
$ |
0.65 |
|
3.82 |
|
600,000 |
|
$ |
0.65 |
|
3.82 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $1.52 - $1.80 |
|
230,000 |
|
$ |
1.68 |
|
2.16 |
|
230,000 |
|
$ |
1.68 |
|
2.16 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
830,000 |
|
$ |
0.93 |
|
3.36 |
|
830,000 |
|
$ |
0.93 |
|
3.36 |
|
| Schedule of Stock Options Activity |
The
following table summarizes the stock options outstanding and the number of shares of common stock subject to exercise as of September
30, 2014 and December 31, 2013:
| |
|
Options
Outstanding |
|
|
Options
Exercisable |
|
| |
|
Shares |
|
|
Weighted
Average
Exercise
Price |
|
|
Shares |
|
|
Weighted
Average
Exercise
Price |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding at December
31, 2013 |
|
|
1,840,556 |
|
|
$ |
0.66 |
|
|
|
1,840,556 |
|
|
$ |
0.66 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Options granted |
|
|
1,075,000 |
|
|
|
0.10 |
|
|
|
1,075,000 |
|
|
|
0.10 |
|
| Options vested |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Options exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Options expired/cancelled |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding at September 30, 2014 (unaudited) |
|
|
2,915,556 |
|
|
$ |
0.46 |
|
|
|
2,915,556 |
|
|
$ |
0.46 |
|
|
| Schedule of Stock Options Outstanding and Exercisable |
The
following table summarizes information about stock options outstanding and exercisable as of September 30, 2014:
| |
|
|
Outstanding |
|
|
Exercisable |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercise
Price |
|
|
Stock
Options
Outstanding |
|
|
Weighted
Average
Exercise
Price
Per Share |
|
|
Weighted
Average
Remaining
Contractual
Term
in
Years |
|
|
Stock
Options
Exercisable |
|
|
Weighted
Average
Exercise
Price
Per Share |
|
|
Weighted
Average
Remaining
Contractual
Term
in
Years |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
0.10 |
|
|
|
1,075,000 |
|
|
$ |
0.10 |
|
|
|
9.79 |
|
|
|
1,075,000 |
|
|
$ |
0.10 |
|
|
|
9.79 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
0.60 |
|
|
|
525,000 |
|
|
$ |
0.60 |
|
|
|
7.61 |
|
|
|
525,000 |
|
|
$ |
0.60 |
|
|
|
7.61 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
0.68 |
|
|
|
1,305,556 |
|
|
$ |
0.68 |
|
|
|
6.50 |
|
|
|
1,305,556 |
|
|
$ |
0.68 |
|
|
|
6.50 |
|
| |
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
1.26 |
|
|
|
10,000 |
|
|
$ |
1.26 |
|
|
|
5.45 |
|
|
|
10,000 |
|
|
$ |
1.26 |
|
|
|
5.45 |
|
| |
|
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|
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|
|
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|
|
| |
|
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|
|
2,915,556 |
|
|
$ |
046 |
|
|
|
7.91 |
|
|
|
2,915,556 |
|
|
$ |
0.46 |
|
|
|
7.91 |
|
|